21 APRIL16
www.trifidresearch.com
News FLASH Commodity currencies pull back from highs as oil stalls. Won, Taiwan dlr rise before U.S. FX report; ringgit leads Asia gains. Rouble weakens on lower oil, taxes tame losses. Yen picks up as falling oil prices dent sentiment. China's yuan inches lower despite firmest midpoint in 2016. German Producer prices in March 2016: –3.1% on March 2015. Australian Leading Index points to material drag on growth. German Govt sees GDP at 1.7% in 2016 (unchanged), 1.5% in 2017. United Kingdom Claimant Count Rate unchanged at 2.1% in March.
Economic calendar – Apr 21 TIME 2:00pm 5:15pm 6:00pm 6:00pm 6:00pm 7:30pm
CURRENCY
DESCRIPTION
FORECAST
PREVIOUS
Retail Sales m/m
-0.1%
-0.4%
EUR
Minimum Bid Rate
0.00%
0.00%
EUR
ECB Press Conference
-
-
USD
Philly Fed Manufacturing Index
8.1
12.4
USD
Unemployment Claims
265K
253K
GBP
BOE Gov Carney Speaks
-
-
GBP
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
66.1000
66.0000
65.9000
66.4000
66.5000
66.6000
EURINR
75.3000
75.2000
75.1000
75.5000
75.6000
75.7000
GBPINR
95.0000
94.9000
94.8000
95.5000
95.6000
95.7000
JPYINR
60.5000
60.4000
60.3000
60.8000
60.9000
61.0000
TECHNICAL VIEW
GBPINR GBPINR on daily charts had closed near the trend line acting as resistance and so buying momentum can be witnessed above the level of 95.4700.
DISCLAIMER
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