27 JANUARY16
www.trifidresearch.com
News FLASH Dollar edges down but close to recent highs; Fed, BOJ in focus. Oil jump, policy easing hopes support Asia FX; won, Taiwan dlr lead. China's yuan inches down, holiday demand for forex seen looming. German Business Sentiment Falls as Market Turmoil Clouds Outlook. Italy Retail Sales n.s.a (YoY) fell from previous 1.8% to -0.1% in November. Japan’s Annual Trade Deficit Narrows as Energy Import Costs Fall.
Economic calendar – Jan 27 TIME 6:00am 12:30pm 12:30pm 3:00pm Tentative 8:30pm
CURRENCY AUD EUR GBP GBP EUR USD
DESCRIPTION
FORECAST
PREVIOUS
CPI q/q
0.3%
0.5%
GfK German Consumer Climate
9.3
9.4
Nationwide HPI m/m
0.6%
0.8%
BBA Mortgage Approvals
45.5K
45.0K
German 30-y Bond Auction
-
1.49|1.0
New Home Sales
503K
490K
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
67.7000
67.6000
67.5000
67.9000
68.0000
68.1000
EURINR
73.2000
73.1000
73.0000
73.5000
73.6000
73.7000
GBPINR
96.5000
96.4000
96.3000
96.7000
96.8000
96.9000
JPYINR
57.1000
57.0000
56.9000
57.4000
57.5000
57.6000
TECHNICAL VIEW
GBPINR GBPINR on daily charts closed around the trend line acting as resistance and up move can be seen if it holds above the level of 96.9200.
DISCLAIMER
WWW.TRIFIDRESEARCH.COM