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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. …

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.

Published in: Economy & Finance, Business

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  • 1. 411983 lladollatop 09/06/2014 CURRENCY OUTLOOK FOR THE DAY Currency Rate* Trend Support Resistance Dollar Index 80.42 SIDEWAYS 80.14/79.91 80.73/80.95 EUR/USD 1.3645 SIDEWAYS 1.3608/1.3580 1.3682/1.3711 USD/JPY 102.53 SIDEWAYS 102.31/102.06 102.97/103.22 GBP/USD 1.6808 SIDEWAYS 1.6778/1.6745 1.6859/1.6890 USD/INR (June) 59.06 SIDEWAYS TO DOWN 58.80/58.60 56.30/59.50 EUR/INR (June) 80.60 SIDEWAYS TO DOWN 80.40/80.20 80.85/81.10 JPY/INR (June) 57.61 DOWN 57.40/57.20 57.90/58.15 GBP/INR (June) 99.30 SIDEWAYS TO DOWN 99.10/98.85 99.60/99.85 BOND FUTURES (INTEREST RATE FUTURES) OUTLOOK FOR THE DAY 883GS2023 Futures 101.99 SIDEWAYS 101.80/101.70 102.10/102.25 Note: The above levels are only for intraday trading. Today’s Major Economic Releases Time (IST) Currency Event Forecast Previous Adverse/Favourable/Neutral - - - - - - - - - - - -
  • 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. Japan’s economy grew at a quicker pace than estimated in the first quarter, as business spending increased more than previously reported. China’s exports rose more than analysts estimated in May, helping to cushion the world’s second-biggest economy from a deeper slowdown as an unexpected slump in imports highlighted risks to growth. The yen remained lower versus the dollar, following its biggest weekly decline since April, after Japan reported a narrower current account surplus than economists estimated. The Canadian dollar traded at almost a one-month low as the nation’s unemployment rate unexpectedly rose and full-time employment declined in May, bolstering the central bank’s wary outlook on the economy. Sterling climbs against Euro on diverging policy outlooks. South Korea’s won rose, matching the strongest level in almost six years, as stimulus by the European Central Bank and better-than-expected U.S employment data supported demand for riskier assets. The U.S.’s AA+ credit rating was affirmed by Standard & Poor’s, which cited the resiliency and diversity of the economy, almost three years after downgrading the nation for the first time amid political wrangling.