Daily Market Reflection 26th May 2016 USDINR
Market Outlook Indian Rupee snapped its losing streak of nine days against the American currency in early trade on Wednesday and sustained on lower levels and finally settled in red territory. Most emerging Asian currencies rose on Wednesday, tracking stronger equities, while a weak Chinese yuan and expectations of an imminent U.S. interest rate hike kept investors from adding bullish bets on regional units.
Reference Rate
Better than expected home sales data raised the dollar to hit two month high against the basket of currencies.
Currency
Date Date 24-05-16 25-05-16 67.7060 67.4467 75.9323 75.2098 98.0654 98.5599 61.9700 61.3200
Fundamental News
Rupee snaps 9-day losing streak against the greenback.
Dollar at 2-month highs on rate view, Greek deal helps euro. Sri Lankan rupee forwards down on importer dollar
USDINR EURINR GBPINR JPYINR
demand; stocks up.
Currencies vs $
Strong equities support Asia FX; yuan, Fed rate view check
Currency
gains. Rupee Dollar Index Euro Pound Japanese Yen
Currency Future Currency
Date
Date
24-05-16
25-05-16
USDINR
67.7825
67.3925
+0.41%
EURINR
75.8325
75.1500
-0.90%
GBPINR
98.9575
98.9625
+0.01%
JPYINR
61.8450
61.1800
-1.08%
% Chg
Currency
Event
Forecast
Previous
5:20am
JPY
SPPI y/y
0.2%
0.2%
2:00pm
GBP
Second Estimate GDP q/q
0.4%
0.4%
2:00pm
GBP
3.2%
-2.0%
6:00pm
USD
0.3%
-0.2%
6:00pm
USD
Unemployment Claims
275K
278K
6:00pm
USD
Durable Goods Orders m/m
0.3%
0.8%
Prelim Business Investment q/q Core Durable Goods Orders m/m
Close (5:00pm) 67.4025 95.6000 1.1142 1.4658 110.20
Prev Close 67.7550 95.5900 1.1155 1.4610 109.88
% Chg -0.52% +0.01% -0.11% +0.32% +0.29%
Global Commodities
Event Calendar (26th May 2016) Time
% Change -0.38% -0.95% +0.50% -1.04%
Commodity Gold Silver Crude Copper
Close 1220.89 16.19 49.21 2.0705
Prev.Close 1228.51 16.27 49.27 2.0765
% Chg -0.62% -0.49% -0.12% -0.28%
Our Previous calls update Intraday super star Date Currency Entry 25/05 USDINR Trifid special
Exit -
P/L -
Date Currency Entry Exit P/L 10/05 GBPINR 96.5700 97.0700 20000 For our next calls click here……..
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