12 APRIL16
www.trifidresearch.com
News FLASH Yen touches fresh 17-month highs, draws warning from Tokyo. Sri Lanka 5-day rupee forwards up on remittances ahead of new year. Weak dollar supports Asia FX; won hits more than 1-wk high. Sterling weak, speculators add to bets against it on Brexit worries. Ringgit, Singapore dollar, rupiah edge up. S.Korea won up on broad dollar weakness, stocks edge down. China Consumer Inflation Pick Up Continues in March on Food. Euro retreats as equity markets rally.
Economic calendar – Apr 12 TIME 4:31am 11:30am 2:00am 2:00am 2:00am 6:00pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
BRC Retail Sales Monitor y/y
-
0.1%
EUR
German Final CPI m/m
0.8%
0.8%
GBP
CPI y/y
0.3%
0.3%
GBP
PPI Input m/m
2.1%
0.1%
GBP
RPI y/y
1.5%
1.3%
USD
Import Prices m/m
1.1%
-0.3%
GBP
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.5000
66.4000
66.3000
67.7000
67.8000
67.9000
EURINR
75.9000
75.8000
75.7000
76.1000
76.2000
76.3000
GBPINR
94.7000
94.6000
94.5000
95.0000
95.1000
95.2000
JPYINR
61.4000
61.3000
61.2000
61.7000
61.8000
61.9000
TECHNICAL VIEW
GBPINR GBPINR on its daily charts closed around the resistance level and hence, positive breakout can be seen if it holds above the level of 94.9500.
DISCLAIMER
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