26 FEBRUARY16
www.trifidresearch.com
News FLASH Asia FX up in cautious trade; oil retreat limits upside. Sri Lankan rupee forwards weaker on importer dollar demand. Sterling near 7-year low on Brexit fears, others stabilise. Yuan barely budges as market grows cautious ahead of G20. Annual inflation up to 0.3% in the euro area. United Kingdom Gross Domestic Product (QoQ) meets expectations (0.5%) in 4Q. United Kingdom Index of Services (3M/3M) registered at 0.7% above expectations (0.6%) in December.
Economic calendar – Feb 26 TIME 5:00am All Day 1:30pm Day 1 7:00pm 7:00pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
Tokyo Core CPI y/y
0.0%
-0.1%
EUR
German Prelim CPI m/m
0.6%
-0.8%
EUR
Spanish Flash CPI y/y
-0.5%
-0.3%
ALL
G20 Meetings
-
-
USD
Prelim GDP q/q
0.4%
0.7%
USD
Core PCE Price Index m/m
0.1%
0.0%
JPY
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
69.0000
68.9000
68.8000
69.3000
69.4000
69.5000
EURINR
76.1000
76.0000
75.9000
76.4000
76.5000
76.6000
GBPINR
96.1000
95.9000
95.7000
96.6000
96.7000
96.8000
JPYINR
61.4000
61.3000
61.2000
61.7000
61.8000
61.9000
TECHNICAL VIEW
JPYINR JPYINR on its daily charts sustained on higher side since last few sessions and has the ability to test the resistance of 62.0000 if it holds above the level of 61.6500.
DISCLAIMER
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