Daily Market Reflection 22ndJune 2016 For our BIG PROFIT calls and LATEST
Market Outlook
Indian Rupee fell to two week low against the greenback on Monday Reports, SUBSCRIBE to our premium and further fell 7 paise to 67.38 in early trades on Tuesday tracking reports. Click here….. mixed cues from global currency markets.
USDINR
The British pound held near three-week highs against the dollar and euro on Tuesday, a day after it had made its biggest daily gains since late 2008 as opinion polls swung in favor of the campaign for Britain to stay in the European Union. Two opinion polls on Monday showed that the "Remain" camp has recovered some ground in Britain's European Union referendum debate. Fundamental News Sterling hits 7-week high on expectations Britain will stay in EU. United Kingdom Public Sector Net Borrowing below forecasts (£9.35B) in May: Actual (£9.141B).
Reference Rate Currency USDINR EURINR GBPINR JPYINR
Date Date 20-06-16 21-06-16 67.4087 67.4767 76.5358 76.4511 98.1538 99.2582 64.4400 64.5900
Sri Lankan 1-wk rupee forwards down on importer dlr
Currencies vs $
demand; stocks up.
Currency
Greece Current Account (YoY) down to €-0.822B in April from previous €-0.708B. Currency Future Currency
Date
Date
20-06-16
21-06-16
USDINR
67.3975
67.5775
+0.27%
EURINR
76.4125
76.5250
+0.15%
GBPINR
98.6300
99.4750
+0.86%
JPYINR
64.4175
64.5375
+0.19%
Rupee Dollar Index Euro Pound Japanese Yen
% Chg
Currency
12:00am
USD
Tentative
EUR
6:30pm
USD
7:30pm
Event
Forecast
FOMC Member Powell Speaks German 30-y Bond Auction
Prev Close 67.3187 93.6500 1.1329 1.4653 104.00
% Chg
Prev.Close 1285.87 17.45 49.76 2.0713
% Chg -0.52% -0.51% -0.74% -0.01%
+0.32% -0.16% -0.01% +0.60% +0.55%
Global Commodities
Event Calendar (22nd June 2016) Time
Close (5:00pm) 67.5375 93.5000 1.1327 1.4741 104.58
% Change +0.10% -0.11% +1.12% +0.23%
Previous
-
-
-
0.88|1.4
HPI m/m
0.6%
0.7%
EUR
Consumer Confidence
-7
-7
7:30pm
USD
Fed Chair Yellen Testifies
-
-
7:30pm
USD
Existing Home Sales
5.53M
5.45M
Commodity Gold Silver Crude Copper
Close 1279.06 17.36 49.39 2.0710
OUR PREVIOUS CALLS UPDATE Intraday super star Date Currency Entry Exit P/L 20/06 GBPINR 96.1500 96.7000 11000 Trifid special Date Currency Entry Exit P/L 21/06 JPYINR 64.5600 64.8500 11600 For our next calls click here……..
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Overview USDINR
EURINR
USDINR opened higher against the previous close for the
EURINR was able to sustain higher than the previous close
second consecutive session.
and closed on a flat note with positive bias.
Resistance is expected to face in the range of 67.8000-68.0000
On higher side, strength can be seen if it holds above
while 67.3500 is acting as strong support for the counter below which selling pressure can be seen.
76.7500 while on lower side weakness can prevail below 76.3500.
R1 67.7000
R1
R2
S1
S2
76.7000
76.9000
76.3000
76.1000
R2 67.9000
S1 67.4000
S2 67.2000
GBPINR
JPYINR
GBPINR opened strong and continuous rally was seen in the
JPYINR traded above the previous close but was unable to
counter throughout the session ahead of Brexit vote and
extend the previous session’s gains.
closed on a strong note.
It is strongly resisting near 64.9500 levels and falling below
It tried to test the psychological level of 100 and if it sustains
64.0500 can result in sell offs for the counter in coming few
above it then further bulls can be seen.
sessions.
R1 99.7000
R2 100.0000
S1 99.2000
S2 98.9000
R1 64.8000
R2 65.0000
S1 64.4000
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S2 64.2000
Intraday Super Star (Premium Section)
Currencyis constantly facing resistance around highs since last few consecutive sessions and intends to move towards it. Hence, buying 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 is constantly showing bull moves since last few successive sessions and still seems to continue this move in coming sessions. **** TARGETS **** SL ****. For complete call subscribe to our premium reports.
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