18 APRIL16
www.trifidresearch.com
News FLASH Solid China trade data lifts Asia FX; Singapore dlr dips ahead of c.bank. Yen rally tempered, oil price jump inspires commodity currencies. Australia, NZ dollars near 10 month peaks on China, commodities. Industrial production down by 0.8% in euro area. China’s March Exports Rise 18.7% on Year, Boosting Growth Outlook. French Consumer prices increased by 0.7% in March 2016; year-onyear, they were down 0.1%.
Economic calendar – Apr 18 TIME 4:15am 4:31am Tentative 6:00am 6:00am 7:30pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
CPI q/q
-
-0.5%
GBP
Rightmove HPI m/m
-
1.3%
EUR
German Buba Monthly Report
-
-
CAD
Foreign Securities Purchases
-
13.51B
USD
FOMC Member Dudley Speaks
-
-
USD
NAHB Housing Market Index
-
58
NZD
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.6000
66.5000
66.4000
66.9000
67.0000
67.1000
EURINR
75.4000
75.3000
75.2000
75.6000
75.7000
75.8000
GBPINR
94.8000
94.7000
94.6000
95.2000
95.3000
95.4000
JPYINR
60.9000
60.8000
60.7000
61.2000
61.3000
61.4000
TECHNICAL VIEW
EURINR EURINR on daily charts closed on weak note after reversing from resistance levels and so selling pressure is expected to continue below the level of 75.3900.
DISCLAIMER
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