02 FEBRUARY16
www.trifidresearch.com
News FLASH Yen steadies as post-BOJ risk rally stalls on China weakness. Rupiah leads Asia FX gains as BOJ fuels yield-hunting; won dips. China Factory Gauge Falls a Sixth Month, Extends Record Stretch. Australian inflation hits 15-month high of 2.3%. Spain: Sharpest rise in new orders since February 2007. Italian Manufacturing PMI dips to four-month low in January. UK manufacturing growth accelerates at start of 2016.January: Actual (1%). Eurozone manufacturing growth slows at start of 2016.
Economic calendar – Feb 02 TIME 5:20am 1:30pm 2:25pm 3:00pm 3:30pm 3:30pm
CURRENCY JJPY EUR EUR GBP EUR EUR
DESCRIPTION
FORECAST
PREVIOUS
Monetary Base y/y
28.3%
29.5%
Spanish Unemployment Change
71.2K
-55.8K
German Unemployment Change
-7K
-14K
Construction PMI
57.6
57.8
Unemployment Rate
10.5%
10.5%
PPI m/m
-0.4%
-0.2%
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
68.0000
67.9000
67.8000
68.3000
68.4000
68.5000
EURINR
73.9000
73.8000
73.7000
74.2000
74.3000
74.4000
GBPINR
97.1000
97.0000
96.9000
97.5000
97.6000
97.7000
JPYINR
56.0000
55.9000
55.8000
56.3000
56.4000
56.5000
TECHNICAL VIEW
JPYINR JPYINR on daily charts closed below the important support of 56.2800 and bearishness may continue if it sustains below the level of 55.9500.
DISCLAIMER
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