30 MARCH16
www.trifidresearch.com
News FLASH Rupee extends gains for 2nd day against dollar. Dollar rises, Fed's Yellen speech in focus. Weak U.S. data support Asia FX; caution on Fed grows. Ringgit, won, Singapore dollar, yuan firm. Rouble bolstered by oil and taxes in thin trade. Dollar sags after U.S. data disappoints yen under pressure. Japanese parliament passes JPY 96.72 tln budget for FY2016. Italy business confidence index March 102.2 vs 102.4 exp.
Economic calendar – March 30 TIME 5:20am 11:30am All Day 12:30pm Tentative 5:45pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
Prelim Industrial Production m/m
-5.8%
3.7%
CHF
UBS Consumption Indicator
-
1.66
EUR
German Prelim CPI m/m
0.6%
0.4%
CHF
KOF Economic Barometer
102.1
102.4
EUR
Italian 10-y Bond Auction
-
1.50|1.3
USD
ADP Non-Farm Employment Change
194K
214K
JPY
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
67.0000
66.9000
66.8000
67.2000
67.3000
67.4000
EURINR
75.1000
75.0000
74.9000
75.3000
75.4000
75.5000
GBPINR
95.6000
95.5000
95.4000
96.0000
96.1000
96.2000
JPYINR
58.9000
58.8000
58.7000
59.2000
59.3000
59.4000
TECHNICAL VIEW
JPYINR JPYINR on its daily charts closed below the trend line acting as strong support and selling pressure may continue below the lower consolidation level of 58.8300.
DISCLAIMER
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