Currency Rate* Trend Support Resistance
Dollar Index
82.53 UP 8...
Major Market Update
*For commodities and Currency queries during market hrs (9:00 AM- 11:30 PM)
Contact: 011-25754373.; Ex...
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SMC Global Currency Daily Report


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This report updates the major global events that can affect currency markets in a day trading. It also contains major news related to global currency market and economies.
On technical part it contains major support and resistance levels along with expected trading direction for intraday purpose. Moreover, international currency pairs are also included in the report to take an idea and to gauge the direction of the market and its impact on local currency pairs.

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SMC Global Currency Daily Report

  1. 1. 411983 lladollatop 25/08/2014 CURRENCY OUTLOOK FOR THE DAY Currency Rate* Trend Support Resistance Dollar Index 82.53 UP 82.17/81.95 82.76/82.99 EUR/USD 1.3200 DOWN 1.3175/1.3145 1.3247/1.3275 USD/JPY 104.21 UP 103.84/103.58 104.49/104.75 GBP/USD 1.6562 DOWN 1.6520/1.6488 1.6600/1.6632 USD/INR (Aug) 60.47 SIDEWAYS TO UP 60.30/60.10 60.75/61.00 EUR/INR (Aug) 79.85 SIDEWAYS 79.65/79.45 80.15/80.40 JPY/INR (Aug) 58.02 SIDEWAYS 57.80/57.60 58.25/58.50 GBP/INR (Aug) 100.15 SIDEWAYS TO UP 100.00/99.80 100.40/100.60 BOND FUTURES (INTEREST RATE FUTURES) OUTLOOK FOR THE DAY 883GS2023 Futures 100.93 SIDEWAYS 100.80/100.70 101.05/101.20 Note: The above levels are only for intraday trading. Today’s Major Economic Releases Time (IST) Currency Event Forecast Previous Adverse/Favourable/Neutral 13:30 EUR EUR German IFO - Current Assessment 112 112.9 Neutral 13:30 EUR EUR German IFO - Expectations 102.1 103.4 Favourable 13:30 EUR EUR German IFO - Business Climate 107 108 Favourable
  2. 2. Major Market Update *For commodities and Currency queries during market hrs (9:00 AM- 11:30 PM) Contact: 011-25754373.; Ext: 436; 437. Direct Line- 9650507651 Disclaimer: - This report is for personal information of the authorized recipient and doesn’t construe to be any investment, legal or taxation advice to you. It is only for private circulation and use. The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. No action is solicited on the basis of the contents of the report. The report should not be reproduced or redistributed to any other person(s) in any form without prior written permission of SMC. The contents of this material are general and are neither comprehensive nor inclusive. Neither SMC nor any of its affiliates, associates, representatives, directors or employees assume any responsibility for any loss or damage that may arise to any person due to any trading/action taken on the basis of this report. It does not constitute personal recommendations or take into account the particular investment objectives, financial situations or needs of an individual client or a corporate/s or any entity/s. All investments involve risk and past performance doesn’t guarantee future results. The value of, and income from investments may vary because of the changes in the macro and micro factors given at a certain period of time. The person should use his/her own investigations and judgment while taking any positions or investment decisions. Please note that we and our affiliates, officers, directors, and employees, including persons involved in the preparation or issuance if this material;(a) from time to time, may have long or short positions in, and buy or sell the currencies thereof, mentioned here in or (b) be engaged in any other transaction involving such currencies and earn brokerage or other compensation (c) may have any other potential conflict of interest with respect to any recommendation and related information and opinions. All disputes shall be subject to the exclusive jurisdiction of courts at Delhi. Mario Draghi just pushed the European Central Bank closer to quantitative easing. Global central bankers led by Federal Reserve Chair Janet Yellen said labor markets still have further to heal before their economies can weather higher interest rates. South Korea’s central bank is likely to cut borrowing costs for the second time this year to help revive the economy, according to Samsung Asset Management Co. The dollar extended gains, climbing to an 11-month high versus the euro, and U.S. equity-index futures advanced as investors weighed the prospects for U.S. interest rates and further economic stimulus in Europe and Japan. Asian stocks fell with gold and crude oil. After two consecutive weekly falls, Reserve Bank of India's foreign exchange reserves have risen by a modest $43 million in the week to August 15. The rupee rose on Friday, after earlier hitting a three-week high against the dollar, on continued strong buying of debt. The world’s two most powerful central bankers are nearing a transatlantic gap in monetary policy as the Federal Reserve debates raising interest rates while the European Central Bank signals more stimulus.