28 MARCH16
www.trifidresearch.com
News FLASH Rupee snaps 2-day losing run, ends up by 7 paise. Dollar poised for weekly gain after Fed officials signal rate hikes. Yen weaker after CPI comes in flat for February. EUR/USD posts fifth straight loss, amid continued hawkish Fed tone. Russian rouble dips slightly, but tax period offsets weaker oil, risk aversion. Japan Corporate Service Price (YoY) in line with expectations (0.2%) in January.
Economic calendar – March 28 TIME 6:00pm 6:00pm 6:00pm 6:00pm 7:30pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
Core PCE Price Index m/m
-
0.3%
USD
Goods Trade Balance
-
-62.2B
USD
Personal Spending m/m
-
0.5%
USD
Personal Income m/m
-
0.5%
USD
Pending Home Sales m/m
-
-2.5%
USD
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.5000
66.4000
66.3000
66.8000
66.9000
67.0000
EURINR
74.5000
74.4000
74.3000
74.8000
74.9000
75.0000
GBPINR
94.5000
94.4000
94.3000
94.8000
94.9000
95.0000
JPYINR
59.0000
58.9000
58.8000
59.3000
59.4000
59.5000
TECHNICAL VIEW
GBPINR GBPINR on its daily charts had closed around the major support and sell-offs may continue on the charts if it sustains below the level of 94.5400.
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