Daily Market Reflection 24th May 2016 Market Outlook
For Intraday Superstar & Trifid Special
Indian Rupee appreciated against dollar in early session on back of firm
Calls SUBSCRIBE to premium reports.
cues from other Asian currencies but rebounded during the session and finally closed on flat note.
USDINR
Japan’s trade surplus widened in April as exports and imports both declined sharply, underscoring ongoing challenges for the world’s third largest economy. Japanese exports declined 10.1% annually in April, Reference Rate
much worse than March’s 6.8% year-over-year decline, government data showed on Monday.
Currency
Fundamental , government News data showed on Monday.
Asian currencies firmer, await clues on timing of Fed move.
Dollar falls vs yen after Japan logs larger-than-expected trade surplus.
Eurozone flash PMI edges down to 16-month low.
French private sector output growth quickens to seven-
Date Date 20-05-16 23-05-16 67.4076 67.3492 75.5437 75.6197 98.4555 97.7641 61.1700 61.3800
USDINR EURINR GBPINR JPYINR
Currencies vs $ Currency
month high. Rupee Dollar Index Euro Pound Japanese Yen
Currency Future Currency
Date
Date
20-05-16
23-05-16
USDINR
67.5625
67.5700
+0.01%
EURINR
75.8300
75.8075
-0.03%
GBPINR
98.4500
97.7925
-0.67%
JPYINR
61.2400
61.7900
+0.90%
% Chg
Currency
11:30am
EUR
2:00pm
GBP
2:30pm
EUR
2:30pm
EUR
2:30pm All Day
Event German Final GDP q/q
Forecast
Previous
0.7%
0.7%
6.3B
4.2B
12.1
11.2
ZEW Economic Sentiment
23.4
21.5
GBP
Inflation Report Hearings
-
-
EUR
Eurogroup Meetings
-
-
Public Sector Net Borrowing German ZEW Economic Sentiment
Close (5:00pm) 67.4450 95.3800 1.1204 1.4468 109.52
Prev Close 67.4463 95.3400 1.1235 1.4522 109.84
% Chg -0.01% +0.04% -0.27% -0.37% -0.29%
Global Commodities
Event Calendar (24th May 2016) Time
% Change -0.08% +0.10% -0.70% +0.34%
Commodity Gold Silver Crude Copper
Close 1254.32 16.34 47.76 2.0385
Prev.Close 1250.25 16.49 48.14 2.0517
% Chg +0.32% -0.90% -0.78% -0.64%
Our Previous calls update Intraday super star Date Currency Entry Exit P/L 23/05 GBPINR 98.2000 97.8800 6400 Trifid special Date Currency Entry Exit P/L 10/05 GBPINR 96.5700 97.0700 20000 For our next calls click here……..
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
Overview USDINR
EURINR
USDINR opened weak from previous close but Rupee
EURINR traded on weak note for first half of the session but
depreciated and gradually dropped to close the pair on flat
then gained momentum from bottom levels to close on flat.
note. Now, 67.8000 is seen as strict resistance ahead while 67.3000
The pair is trading near to important level of 76.0000 and is expected to surpass it and trade higher any closing below
may act as support from current levels.
75.5000 can be a weak sign for it.
R1 67.7000
R2 67.9000
S1 67.3000
S2 67.1000
R1
R2
S1
S2
75.9000
76.1000
75.5000
75.3000
GBPINR
JPYINR
GBPINR opened weak and was unable to sustain on higher
JPYINR showed a bull rally during the session and closed
side and finally ended the sideways intraday session in red
higher crossing the immediate resistance mark.
territory.
On daily charts, it is able to close above the strict resistance
On higher side, 98.0000-98.2000 may act as resistance range
of 61.7000 which intends to take the pair higher while
while 100 day EMA of 97.1600 is seen as support.
61.4000 may act as near term support.
R1 98.0000
R1 61.9000
R2 98.2000
S1 97.5000
S2 97.3000
R2 62.1000
S1 61.5000
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
S2 61.3000
Intraday Super Star (Premium Section)
Currency is able to find constant support around lower levels and closed higher which indicates that buying momentum may continue towards higher levels. ***** TARGETS ******/******/***** SL ******. For complete call, subscribe our premium report.
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
Trifid Special (Premium Section)
Currency is taking constant support at lower levels and intends to move northwards from such bottom levels. If it is able to sustain above the trend line then it may show a short bull rally in coming sessions. ********* TARGET **********SL ********. For complete call, subscribe our premium report.
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
DISCLAIMER Trifid Research respects and values the Right to Policy of each and every individual. We are esteemed by the relationship and by becoming our clients; you have a promise from our side that we shall remain loyal to all our clients and non-clients whose information resides with us. This Privacy Policy of Trifid Research applies to the current clients as well as former clients. Below are the word by word credentials of our Privacy Policy: 1. Your information, whether public or private, will not be sold, rented, exchanged, transferred or given to any company or individual for any reason without your consent. 2. The only use we will be bringing to your information will be for providing the services to you for which you have subscribed to us. 3. Your information given to us represents your identity with us. If any changes are brought in any of the fields of which you have provided us the information, you shall bring it to our notice by either calling us or dropping a mail to us. 4. In addition to the service provided to you, your information (mobile number, E-mail ID etc.) can be brought in use for sending you newsletters, surveys, contest information, or information about any new services of the company which will be for your benefit and while subscribing for our services, you agree that Trifid Research has the right to do so. 5. By subscribing to our services, you consent to our Privacy Policy and Terms of Use. 6. Trifid research does not guarantee or is responsible in any which way, for the trade execution of our recommendations, this is the sole responsibility of the client. 7. Due to the market’s volatile nature, the trader may/ may not get appropriate opportunity to execute the trades at the mentioned prices and Trifid Research hold’s no liability for any profit/ loss incurred whatsoever in this case. 8. It is the responsibility of the client to view the report timely from our Premium member section on our website: www.trifidresearch.com and the same will also be mailed to this registered email id. 9. Trifid research does not hold any liability or responsibility of delay in mail delivery of reports, as this depends on our mail service provider’s network infrastructure. 10. The clients can call us for any query related to buying/selling the securities, based on our recommendations.
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410