16 MARCH16
www.trifidresearch.com
News FLASH Yen gains as BoJ stays neutral on further rate cuts. Asian currencies ease, focus on Fed meeting. Won, Philippine peso, ringgit and yuan edge lower. Sterling dragged down by "Brexit" worries, eyes UK budget. Rouble retreats with oil, Russian stocks up on Syria withdrawal. South Korean won, stocks edge down ahead of Fed policy meeting. Employment up by 0.3% in euro area and by 0.1% in the EU28. French Consumer prices increased by 0.3% in February 2016; yearon-year, they were down 0.2%.
Economic calendar – March 16 TIME 3:00pm 3:00pm 6:00pm 6:00pm 6:00pm 11:30pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
Average Earnings Index 3m/y
2.0%
1.9%
GBP
Claimant Count Change
-8.8K
-14.8K
GBP
Annual Budget Release
-
-
USD
Building Permits
1.20M
1.20M
USD
CPI m/m
-0.2%
0.0%
USD
FOMC Statement
-
-
GBP
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
67.4000
67.3000
67.2000
67.7000
67.8000
67.9000
EURINR
74.8000
74.7000
74.6000
75.1000
75.2000
75.3000
GBPINR
95.6000
95.5000
95.4000
95.9000
96.0000
96.1000
JPYINR
59.6000
59.5000
59.4000
59.9000
60.0000
60.1000
TECHNICAL VIEW
USDINR USDINR on its intraday charts consolidates on higher level, expected to give positive breakout above 67.6000 and may find next resistance around 67.8000.
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