Daily Market Reflection 30th May 2016 For our BIG PROFIT calls and LATEST
Market Outlook
Indian Rupee appreciated for the third consecutive session amid firm Reports, SUBSCRIBE to our premium trading of other Asian currencies and closed in red territory. Data reports. Click here…. suggesting fresh foreign fund inflows also influenced the movement of local currency.
USDINR
Japanese consumer prices rose 0.9 percent in April from a year earlier when stripping away the effect of energy and fresh food costs, a new indicator released by the Bank on Friday. That followed a 1.1 percent annual rise in March.
Reference Rate Currency
Date Date 26-05-16 27-05-16 67.2855 67.0613 75.2185 75.0885 98.9501 98.3923 61.3400 61.1200
Fundamental News USDINR EURINR GBPINR JPYINR
Rupee gains for third day, up 12 paise to 67.05 against US dollar. Dollar slips after US data dampens Fed rate hike bets. Yen edges up after G7 vows against forex market intervention. Australia, NZ dollars set to end May with large losses.
Currency
Date
Date
26-05-16
27-05-16
USDINR
67.4975
67.3650
-0.20%
EURINR
75.5425
75.3750
-0.22%
GBPINR
99.0925
98.7400
-0.36%
JPYINR
61.3625
61.4250
+0.10%
% Chg
Currency
Event
Forecast
Currency
Close (5:00pm) 67.0300 95.3000 1.1178 1.4655 109.60
Prev Close 67.1775 95.1400 1.1188 1.4672 109.88
% Chg -0.21% +0.16% -0.08% -0.11% -0.25%
Global Commodities
Event Calendar (30th May 2016) Time
Currencies vs $
Rupee Dollar Index Euro Pound Japanese Yen
Currency Future
% Change -0.33% -0.17% -0.56% -0.35%
Previous
5:20am
JPY
Retail Sales y/y
-
-1.1%
5:50am
USD
FOMC Member Bullard Speaks
-
-
All Day
EUR
German Prelim CPI m/m
-
-0.4%
30th-31st
EUR
German Retail Sales m/m
-
-1.1%
12:15pm
EUR
French Consumer Spending m/m
-
0.2%
12:30pm
EUR
Spanish Flash CPI y/y
-
-1.1%
Commodity Gold Silver Crude Copper
Close 1219.50 16.27 49.01 2.1087
Prev.Close 1218.31 16.19 49.14 2.0990
% Chg +0.09% +0.49% -0.26% +0.46%
OUR PREVIOUS CALLS UPDATE Intraday super star Date Currency Entry Exit P/L 27/05 EURINR 74.1500 75.1200 600 Trifid special Date Currency Entry Exit P/L 10/05 GBPINR 96.5700 97.0700 20000 For our next calls click here……..
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Overview USDINR
EURINR
USDINR lost for the third consecutive session and closed on
EURINR remained on lower side after its weak opening and
weak note.
finally closed in red.
On daily charts, it tested 100 day EMA of 67.3800 and
On daily charts, it is near to the crucial support of 75.2500
sustaining below it will result in breakout of trend line while on higher side, 67.5000 is seen as resistance.
and maintain below it can be a weak signal for the counter while 75.6000 may act as resistance.
R1 67.5000
R1
R2
S1
S2
75.6000
75.8000
75.2000
75.0000
R2 67.7000
S1 67.2000
S2 67.0000
GBPINR
JPYINR
GBPINR reversed from the higher resistance levels and
JPYINR traded sideways but gains made it to close the
closed on lower note.
session in green.
If it continues to fall then 98.1000 will act as immediate and
On daily charts,, if it falls below 61.3000 then it may drag
strong support while 99.0000 is now seen as important
towards 61.1000 while 61.9000 will now act as important
resistance.
resistance.
R1 98.9000
R2 99.1000
S1 98.5000
S2 98.3000
R1 61.6000
R2 61.8000
S1 61.2000
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S2 61.0000
Intraday Super Star (Premium Section)
Currency after weak opening recovered during the session and was able to close near day’s high and being the short term trend to be strong, buy on dips can be seen in the counter. **** TARGETS ****/****/**** SL ****. For complete call subscribe to our premium reports.
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Trifid Special (Premium Section)
Currency had closed near the important support as marked on daily charts and 100 day EMA is also marked as key support for it. If it breaches the mentioned levels then sell offs can be seen in the counter. **** TARGETS ****/****/**** SL ****. For complete call subscribe to our premium reports.
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