01 JANUARY16
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News FLASH Yuan in biggest yearly loss on record after volatile 2015. GBP/USD holds steady near 8-month trough. China PBOC Drains Net CNY60 Bln Ahead of Fiscal Fund Inflows. AUD/USD hits fresh 3-week highs in quiet Europe EUR/USD holds steady in holiday-thinned trade. USD/CAD rises as oil prices move lower. Czech Republic M2 Money Supply (YoY) up to 8.6% in Nov vs 8.2%. Turkey Trade Balance declined to -4.2B in Nov from previous 3.62B.
Economic calendar – Jan 01 TIME 6:30am 6:30pm All Day All Day All Day All Day
CURRENCY CNY CNY USD GBP EUR JPY
DESCRIPTION
FORECAST
PREVIOUS
Manufacturing PMI
49.9
49.6
Non-Manufacturing PMI
-
53.6
Bank Holiday
-
-
Bank Holiday
-
-
Bank Holiday
-
-
Bank Holiday
-
-
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.3000
66.2000
66.1000
66.5000
66.6000
66.7000
EURINR
72.3000
72.2000
72.1000
72.6000
72.7000
72.8000
GBPINR
98.3000
98.2000
98.1000
98.6000
98.7000
98.8000
JPYINR
55.0000
54.9000
54.8000
55.3000
55.4000
55.5000
TECHNICAL VIEW
EURINR EURINR on daily charts had again showed selling pressure for the second consecutive session and is expected to test immediate support of 77.2100 if it holds below the level of 72.4300.
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