20 JANUARY16
www.trifidresearch.com
News FLASH Yen eases as China growth pace matches forecasts, yuan slips. Russian assets rally with oil after Chinese GDP data. Annual inflation up to 0.2% in the euro area. China growth data calms Asia FX; slowdown worries remain. Australia, NZ dlrs weaker as China data disappoints. Hong Kong dollar falls to fresh 4-year low. UK CPI rises 0.2 per cent in December YoY, matches estimates. Germany ZEW Survey - Economic Sentiment came in at 10.2, above forecasts (8.2) in January.
Economic calendar – Jan 20 TIME 3:00pm 3:00pm 3:00pm 7:00pm 7:00pm 7:00pm
CURRENCY GBP GBP GBP USD USD USD
DESCRIPTION
FORECAST
PREVIOUS
Average Earnings Index 3m/y
2.1%
2.4%
Claimant Count Change
4.1K
3.9K
Unemployment Rate
5.2%
5.2%
Building Permits
1.20M
1.28M
CPI m/m
0.0%
0.0%
Core CPI m/m
0.2%
0.2%
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
67.6000
67.5000
67.4000
67.8000
67.9000
68.0000
EURINR
73.4000
73.3000
73.2000
73.7000
73.8000
73.9000
GBPINR
96.8000
96.7000
96.6000
97.1000
97.2000
97.3000
JPYINR
57.2000
57.1000
57.0000
57.5000
57.6000
57.7000
TECHNICAL VIEW
JPYINR JPYINR on daily charts showed downfall for the second consecutive session from higher levels and so correction can further take place if it sustains below the level of 57.2500.
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