Daily Market Reflection 03rdJune 2016 Market Outlook
For our BIG PROFIT calls and LATEST
Indian Rupee snapped its three day losing streak and opened on
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positive note on Thursday and even sustained on higher levels, finally
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settling on positive note. It is to be noted that the Rupee weakened in the previous session on reports suggesting that RBI Governor Raghuram
USDINR
Rajan does not want to continue his services at central bank. UK construction firms experienced another difficult month overall in May, with output growth easing to its weakest for almost three years and incoming new work declining for the first time since April 2013. Fundamental News Asia FX up. Dollar stays on defensive vs yen, sets 2-week low. Japan consumer confidence index May 40.9 vs 40.1 exp. United Kingdom PMI Construction below expectations (51.9) in May: Actual (51.2).
Currency Rupee Dollar Index Euro Pound Japanese Yen
Date
Date
01-06-16
02-06-16
USDINR
67.7675
67.5875
-0.27%
EURINR
75.7350
75.7650
+0.04%
GBPINR
97.8225
97.6300
-0.20%
JPYINR
61.9475
61.9900
+0.07%
% Chg
2:00pm
GBP
6:00pm
USD
6:00pm
USD
6:00pm
USD
6:00pm 7:30pm
Event
Forecast Services PMI
Previous
52.5
52.3
0.2%
0.3%
159K
160K
Unemployment Rate
4.9%
5.0%
USD
Trade Balance
-41.2B
-40.4B
USD
ISM Non-Manufacturing PMI
55.4
55.7
Average Hourly Earnings m/m Non-Farm Employment Change
% Change -0.14% +0.45% -0.49% +0.44%
Close (5:00pm) 67.2637 95.2800 1.1200 1.4435 108.98
Prev Close 67.4538 95.4300 1.1209 1.4423 108.93
% Chg -0.28% -0.15% -0.08% +0.08% +0.04%
Global Commodities
Event Calendar (03rd June 2016) Currency
Date Date 01-06-16 02-06-16 67.3526 67.2533 74.9634 75.3035 97.5333 97.0465 61.3100 61.5800 Currencies vs $
Currency Future
Time
Currency USDINR EURINR GBPINR JPYINR
Rupiah recovers earlier losses from S&P's Indonesia rating;
Currency
Reference Rate
Commodity Gold Silver Crude Copper
Close 1216.56 15.97 49.01 2.0588
Prev.Close 1214.60 15.95 48.92 2.0586
% Chg +0.16% +0.12% +0.18% +0.01%
OUR PREVIOUS CALLS UPDATE Intraday super star Date Currency Entry 02/06 JPYINR 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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Overview USDINR
EURINR
USDINR lost the gains so made in the previous session and
EURINR opened on higher note but could not sustain at
sustained on lower side for the intraday session.
such high levels and closed on flat note.
If it moves in northward direction then resistance will be
If the counter sustains below 75.6500 then sell offs can be
faced in the range of 67.8000-68.0000 while strong support is maintained near 67.4000.
seen in it whereas up move can be seen if it holds above 75.9000.
R1 67.7000
R1
R2
S1
S2
76.0000
76.2000
75.6000
75.4000
R2 67.9000
S1 67.4000
S2 67.2000
GBPINR
JPYINR
GBPINR moved in the tight range for the whole session
JPYINR moved in the same range after making tremendous
closing with slight negative bias.
bull rally in the previous session.
It took key support of 100 day EMA of 97.3550 and closed
It needs to hold above 62.1000 for extending the bulls and
above it. Weakness can be seen below the mentioned level
may reach towards 62.3000-62.5000. On lower side,
while 98.4000 will now act as major resistance.
61.7000-61.5000 is seen as support range.
R1 97.7000
R2 97.9000
S1 97.4000
S2 97.2000
R1 62.1000
R2 62.3000
S1 61.7000
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S2 61.5000
Intraday Super Star (Premium Section)
Currency found support of 100 day EMA as seen on daily chart and closed higher for the session. Now, if took reversal from such important support then some up move can be seen in the counter. **** TARGETS ****/**** SL ****. For complete call subscribe to our premium reports.
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Trifid Special (Premium Section)
Currency tends to fall towards 100 day EMA in coming few sessions as it is constantly finding resistance at higher levels and so sell offs can be seen in this counter. **** TARGETS **** SL ****. For complete call subscribe to our premium reports.
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