13 APRIL16
www.trifidresearch.com
News FLASH Dollar index falls to lowest since August 2015, euro soars. Ringgit, won, baht firm; yuan dips. Renewed risk appetite pushes yen off 1-1/2-year peak. S.Korea won up on broad dollar weakness, stocks edge down. German Consumer prices in March 2016: +0.3% on March 2015. German Wholesale prices in March 2016: –2.6% on March 2015. Portugal Consumer Price Index (YoY) unchanged at 0.4% in March. UK Consumer Price Inflation rose by 0.5% in the year to March 2016 compared with a 0.3% rise in the year to February.
Economic calendar – Apr 13 TIME 5:20am 12:15pm 2:00am 6:00am 6:00am 6:00am
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
PPI y/y
-3.5%
-3.4%
EUR
French Final CPI m/m
0.7%
0.7%
GBP
BOE Credit Conditions Survey
-
-
USD
Core Retail Sales m/m
0.4%
-0.1%
USD
PPI m/m
0.3%
-0.2%
USD
Retail Sales m/m
0.1%
-0.1%
JPY
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.4000
66.3000
66.2000
66.7000
66.8000
66.9000
EURINR
75.8000
75.7000
75.6000
76.1000
76.2000
76.3000
GBPINR
95.1000
95.0000
94.9000
95.4000
95.5000
95.6000
JPYINR
61.3000
61.2000
61.1000
61.6000
61.7000
61.8000
TECHNICAL VIEW
EURINR EURINR on daily charts is not able to sustain on higher levels and closed on flat to negative note and so selling pressure can be seen below the level of 75.8500.
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