08 APRIL16
www.trifidresearch.com
News FLASH Fed minutes lift Asia FX; ringgit strengthens on oil rally. Fed's policy caution sends dollar to 17-month low vs yen. China's yuan firms, state banks seen smoothening volatility. UK Annual house price growth edges up to 10.1%. Greece Unemployment Rate (MoM) rose from previous 24% to 24.4% in January. Czech Republic Retail Sales (YoY) climbed from previous 4.6% to 8.5% in February. Yen surge squeezes exporters, oil up as dollar slips.
Economic calendar – Apr 08 TIME 3:00am 5:20am 5:45am 11:30am 2:00pm 2:00pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
Fed Chair Yellen Speaks
-
-
JPY
Current Account
1.57T
1.49T
USD
FOMC Member George Speaks
-
-
EUR
German Trade Balance
19.2B
18.9B
GBP
Manufacturing Production m/m
-0.2%
0.7%
GBP
Goods Trade Balance
-10.3B
-10.3B
USD
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.6000
66.5000
66.4000
66.8000
66.9000
67.0000
EURINR
75.8000
75.7000
75.6000
76.2000
76.3000
76.4000
GBPINR
94.0000
93.9000
93.8000
94.3000
94.4000
94.5000
JPYINR
61.4000
61.3000
61.2000
61.8000
61.9000
62.0000
TECHNICAL VIEW
EURINR EURINR on its daily charts was unable to sustain on higher levels and closed around the lower consolidation on intraday charts and so selling can be seen below the level of 75.7600.
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