04 FEBRUARY16
www.trifidresearch.com
News FLASH Yen and euro stand tall, oil slide brings focus back to global woes. Sliding oil drags Asia FX lower; won at 5-1/2-year trough. Volume of retail trade up by 0.3% in euro area. UK services posts further solid rise in output. Eurozone economic growth slows to four-month low. Germany: Activity growth slows, but business confidence highest in nearly five years. French Business activity returns to marginal growth at start of 2016.
Economic calendar – Feb 04 TIME 1:30pm 5:30pm 5:30pm 5:30pm 6:15pm 7:00pm
CURRENCY EUR GBP GBP GBP GBP USD
DESCRIPTION
FORECAST
PREVIOUS
ECB President Draghi Speaks
-
-
BOE Inflation Report
-
-
MPC Official Bank Rate Votes
1-0-8
1-0-8
Official Bank Rate
0.50%
0.50%
BOE Gov Carney Speaks
-
-
Unemployment Claims
279K
278K
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
68.2000
68.1000
68.000
68.5000
68.6000
68.7000
EURINR
74.5000
74.4000
74.3000
74.9000
75.0000
75.1000
GBPINR
98.7000
98.5000
98.3000
99.1000
99.3000
99.5000
JPYINR
56.9000
56.8000
56.7000
57.4000
57.5000
57.5000
TECHNICAL VIEW
USDINR USDINR on daily charts had shown three day consecutive rally and buying can be seen if it sustains above the strong resistance level of 68.5600.
DISCLAIMER
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