411983
lladollatop
12/06/2014
CURRENCY OUTLOOK FOR THE DAY
Currency Rate* Trend Support Resistance
Dollar Index
80.73 SIDE...
Major Market Update
*For commodities and Currency queries during market hrs (9:00 AM- 11:30 PM)
Contact: 011-25754373.; Ex...
SMC Global Currency Daily Report
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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.

Published in: Economy & Finance, Business
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Transcript of "SMC Global Currency Daily Report"

  1. 1. 411983 lladollatop 12/06/2014 CURRENCY OUTLOOK FOR THE DAY Currency Rate* Trend Support Resistance Dollar Index 80.73 SIDEWAYS 80.59/80.36 81.18/81.41 EUR/USD 1.3545 SIDEWAYS 1.3520/1.3490 1.3595/1.3623 USD/JPY 102.12 SIDEWAYS 101.81/101.55 102.46/102.71 GBP/USD 1.6794 SIDEWAYS 1.6745/1.6713 1.6826/1.6859 USD/INR (June) 59.45 SIDEWAYS 59.30/59.10 59.70/59.90 EUR/INR (June) 80.56 UP 80.40/80.15 80.80/81.00 JPY/INR (June) 58.26 SIDEWAYS 58.15/58.00 58.65/58.90 GBP/INR (June) 99.89 SIDEWAYS TO UP 99.60/99.30 100.10/100.40 BOND FUTURES (INTEREST RATE FUTURES) OUTLOOK FOR THE DAY 883GS2023 Futures 101.80 SIDEWAYS 101.60/101.50 101.90/102.05 Note: The above levels are only for intraday trading. Today’s Major Economic Releases Time (IST) Currency Event Forecast Previous Adverse/Favourable/Neutral 12:15 EUR EUR French Consumer Price Index - EU Harmonised (YoY) 0.80% 0.80% Neutral 12:15 EUR EUR French Consumer Price Index (MoM) 0.10% 0.00% Favourable 12:15 EUR EUR French Consumer Price Index (YoY) 0.70% 0.70% Neutral 12:15 EUR EUR French Consumer Price Index Ex Tobacco Index 126.29 126.24 Neutral 12:15 EUR EUR French Consumer Price Index - EU Harmonised (MoM) 0.10% 0.00% Favourable 14:30 EUR EUR Euro-Zone Industrial Production s.a. (MoM) 0.50% -0.30% Favourable 14:30 EUR EUR Euro-Zone Industrial Production w.d.a. (YoY) 0.90% -0.10% 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. China announced new steps aimed at bolstering slowing economic growth by cutting taxes, spending more on developing the Yangtze River region and expanding financing for exporters. South Korea’s central bank left its key rate unchanged, supporting growth that faces headwinds from sluggish investment and a won near a six-year high. New Zealand’s central bank raised interest rates for the third time this year and signaled more tightening to come as the Christchurch rebuild and surging immigration fuel growth, sending the kiwi higher Australian employers unexpectedly cut payrolls in May, underscoring the likelihood interest rates will remain at a record low for an extended period. Bank of Japan officials are considering maintaining a large balance sheet for the central bank even after it achieves its inflation target, reducing the risk of a surge in long-term bond yields, according to people familiar with the discussions. The U.S. posted a $130 billion budget deficit in May and the smallest shortfall for the first eight months of a fiscal year since 2008, as a stronger economy and rising employment bolster revenue. The pound strengthened for a sixth day versus the euro, the longest run of gains since September, after a report showed U.K. unemployment dropped more in the three months through April than economists forecast. The yen rose to a four-month high versus the euro on speculation the Bank of Japan will refrain from expanding stimulus at a meeting beginning tomorrow, diverging from the European Central Bank that added easing last week.

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