09 DECEMBER15
www.trifidresearch.com
News FLASH Oil linked currencies take a beating, Canadian dollar at 11-yr low. Dollar slips against euro, yen, commodity currencies weaker. Ringgit leads Asia FX losses on tumbling oil; yuan falls. United Kingdom Manufacturing Production (MoM) came in at 0.4% below forecasts (0%) in October. GDP up by 0.3% in euro area and by 0.4% in EU28. BOJ's Kuroda says inflation trend is improving. UK Quarterly house price growth eases to 1.4%. China November trade balance: CNY +343.1bn.
Economic calendar – Dec 09 TIME 5:20am 5:20am 11:30am 12:30pm 4:00pm 8:30pm
CURRENCY JPY JPY JPY EUR GBP USD
DESCRIPTION
FORECAST
PREVIOUS
Core Machinery Orders m/m
-1.5%
7.5%
M2 Money Stock y/y
3.5%
3.6%
Prelim Machine Tool Orders y/y
-
-22.9%
German Trade Balance
19.2B
19.4B
FPC Meeting Minutes
-
-
Wholesale Inventories m/m
0.2%
0.5%
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.9000
66.8000
66.7000
67.2000
67.3000
67.4000
EURINR
72.6000
72.5000
72.4000
73.0000
73.1000
73.2000
GBPINR
100.5000
100.4000
100.3000
100.7000
100.8000
100.9000
JPYINR
54.3000
54.2000
54.1000
54.6000
54.7000
54.8000
TECHNICAL VIEW
EURINR EURINR on its daily charts closed strong as sustained higher in intraday trade and so further up move can be seen if it sustains above the level of 72.8700.
DISCLAIMER
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