Daily Market Reflection 01stJuly 2016 For our BIG PROFIT calls and LATEST Reports, SUSCRIBE to our Premium
Market Outlook
The Rupee rose 15 paise to 67.53 against the US dollar in early trade on Reports. Click here…… Thursday, in line with the positive trend in other Asian currencies such as the Korean won and the Malaysian ringgit. Investors' taste for risk
USDINR
picked up in Asian currency trading Thursday with the South Korean won and Malaysian ringgit rising on stimulus hopes and as fears about Britain's exit from the EU ease. Euro area annual inflation is expected to be 0.1% in June 2016, up from -0.1% in May 2016, according to a flash estimate from Eurostat, the
Reference Rate
statistical office of the European Union. Fundamental News Rupee in worst losing streak in year on Brexit, Rajan
Currency
concerns.
Yuan, Aussie sink on report China to tolerate weaker yuan.
Asia FX up in June as global easing hopes temper Brexit
USDINR EURINR GBPINR JPYINR
Date Date 29-06-16 30-06-16 67.7443 67.6166 75.0200 75.0071 90.4928 90.5183 66.2100 65.9100
shock.
Currencies vs $
German Retail turnover in May 2016: +2.6% in real terms on
Currency
May 2015. Rupee Dollar Index Euro Pound Japanese Yen
Currency Future Currency
Date
Date
% Chg
29-06-16
30-06-16
USDINR
67.9975
67.7875
-0.31%
EURINR
75.3850
75.5100
+0.17%
GBPINR
91.5050
91.4025
-0.11%
JPYINR
66.2125
65.8975
-0.48%
Currency
Event
Forecast
Previous
5:00am
JPY
Household Spending y/y
-1.3%
-0.4%
5:00am
JPY
Tokyo Core CPI y/y
-0.5%
-0.5%
5:20am
JPY
4
6
12:45pm
EUR
52.1
51.8
2:00pm
GBP
Manufacturing PMI
50.0
50.1
7:30pm
USD
ISM Manufacturing PMI
51.3
51.3
Tankan Manufacturing Index Spanish Manufacturing PMI
Prev Close 67.6850 95.6500 1.1103 1.3290 102.77
% Chg
Prev.Close 1314.83 18.28 49.42 2.1840
% Chg +0.16% +0.49% -0.10% -0.21%
-0.20% -0.06% +0.36% +1.26% +0.12%
Global Commodities
Event Calendar (01st July 2016) Time
Close (5:00pm) 67.5462 95.5900 1.1144 1.3458 102.90
% Change -0.18% -0.01% +0.02% -0.45%
Commodity Gold Silver Crude Copper
Close 1316.94 18.37 49.37 2.1793
OUR PREVIOUS CALLS UPDATE Intraday super star Date Currency Entry 30/06 GBPINR Trifid special
Exit -
P/L -
Date Currency Entry Exit P/L 30/06 JPYINR 66.3500 66.0500 12000 For our next calls click here……..
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Overview USDINR
EURINR
USDINR dragged for the second consecutive session and
EURINR opened flat and showed sideways movement but
surpassed the important support of 67.8000.
moved higher in the later part of the session.
If it sustains below the key support of 67.8000 then it may further drop towards the next support of 67.5000 while
If it inches higher then 75.8000 may act as immediate resistance level whereas 75.1500 may now act as key support
68.000 may now act as crucial resistance.
for the pair.
R1 67.5000
R2 67.3000
S1 68.0000
S2 68.2000
R1
R2
S1
S2
75.7000
75.9000
75.3000
75.1000
GBPINR
JPYINR
GBPINR is moving in the same range since last three sessions
JPYINR has been falling down since last three consecutive
and closed around it.
sessions.
It needs to give proper breakout above 91.6000 to move
If it continues the bearish trend then it may fall towards the
towards northwards direction while 90.7000 is seen as
important support of 65.5000. On higher side, 66.3000-
immediate support for the pair.
66.5000 is seen as resistance range.
R1 91.7000
R2 91.9000
S1 91.2000
S2 91.000
R1 66.1000
R2 66.3000
S1 65.7000
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S2 65.5000
Intraday Super Star (Premium Section)
Currency violated the immediate resistance so faced and hence was not able to surpass such important resistance which indicates that selling pressure may be seen if it sustains below the mentioned level. **** TARGETS ****/**** SL ****. For complete call subscribe to our premium reports.
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Trifid Special (Premium Section)
Currency had exhibited lower highs and lower lows on daily charts and so a bounce back is expected if it moves above the mentioned range as the overall trend of the counter is up. **** TARGET **** SL ****. For complete call subscribe to our premium reports.
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