04 MARCH16
www.trifidresearch.com
News FLASH U.S. dollar gains, risk appetite bolsters Aussie dollar. Rupiah, peso and Taiwan dollar hit multi-month highs. Volume of retail trade up by 0.4% in euro area. UK services growth weakest in nearly three years in February. Eurozone economic growth at 13-month low as France contracts. UK Annual house price growth unchanged at 9.7%. French Business activity dips back into contraction in February. Germany: Solid service sector activity growth maintained in February.
Economic calendar – March 04 TIME 7:00am 2:40pm 7:00pm 7:00pm 7:00pm 7:00pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
Average Cash Earnings y/y
0.2%
-0.2%
EUR
Retail PMI
-
48.9
USD
Average Hourly Earnings m/m
0.2%
0.5%
USD
Non-Farm Employment Change
195K
151K
USD
Trade Balance
-43.5B
-43.4B
USD
Unemployment Rate
4.9%
4.9%
JPY
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
67.4000
67.3000
67.2000
67.7000
67.8000
67.9000
EURINR
73.4000
73.3000
73.2000
73.7000
73.8000
73.9000
GBPINR
94.9000
94.8000
94.7000
95.4000
95.5000
95.6000
JPYINR
59.1000
59.0000
58.9000
59.5000
59.6000
59.7000
TECHNICAL VIEW
USDINR USDINR on its daily charts found support around the trend line and further sell offs can be seen if it breaches the level of 67.4500.
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