19 JANUARY16
www.trifidresearch.com
News FLASH Dollar inches higher as stock markets steady. New China yuan stabilisation step supports Asia FX; oil hurts ringgit. Yen loses steam as yuan firms after China's anti-speculation move. Australia, NZ dollars off lows as bargain hunters dip into market. Yuan, Taiwan dollar firm; rupiah, ringgit ease. Yuan 1-week hibor rises 370 bps to 11.90%. Aussie Dollar Gains as Risk Appetite Recovers in Currency Markets. Big fall in HK dollar as offshore yuan buckles, but peg safe.
Economic calendar – Jan 19 TIME 3:00pm 3:00pm 3:00pm 3:30pm 3:30pm 3:30pm
CURRENCY GBP GBP GBP EUR EUR EUR
DESCRIPTION
FORECAST
PREVIOUS
CPI y/y
0.1%
0.1%
PPI Input m/m
-1.4%
-1.6%
RPI y/y
1.0%
1.1%
German ZEW Economic Sentiment
8.2
16.1
Final CPI y/y
0.2%
0.2%
ZEW Economic Sentiment
27.9
33.9
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
67.6000
67.5000
67.4000
67.9000
68.0000
68.1000
EURINR
73.7000
73.6000
73.5000
74.1000
74.2000
74.3000
GBPINR
96.8000
96.7000
96.6000
97.1000
97.2000
97.3000
JPYINR
57.5000
57.4000
57.3000
57.8000
57.9000
58.0000
TECHNICAL VIEW
EURINR EURINR on daily charts is able to sustain above the trend line acting as resistance and so buying can be seen above the level of 74.0700.
DISCLAIMER
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