Currency Rate* Trend Support Resistance
Dollar Index
81.95 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 20/08/2014 CURRENCY OUTLOOK FOR THE DAY Currency Rate* Trend Support Resistance Dollar Index 81.95 UP 81.72/81.49 82.31/82.54 EUR/USD 1.3303 DOWN 1.3260/1.3231 1.3333/1.3362 USD/JPY 103.15 UP 102.82/102.56 103.47/103.73 GBP/USD 1.6608 DOWN 1.6552/1.6520cc 1.6632/1.6664 USD/INR (Aug) 60.95 UP 60.70/60.50 61.15/61.35 EUR/INR (Aug) 81.10 SIDEWAYS 81.00/80.75 81.30/81.50 JPY/INR (Aug) 59.08 DOWN 58.90/58.75 59.30/59.60 GBP/INR (Aug) 101.22 SIDEWAYS 101.10/100.85 101.45/101.65 BOND FUTURES (INTEREST RATE FUTURES) OUTLOOK FOR THE DAY 883GS2023 Futures 100.67 SIDEWAYS 100.55/100.45 100.75/100.85 Note: The above levels are only for intraday trading. Today’s Major Economic Releases Time (IST) Currency Event Forecast Previous Adverse/Favourable/Neutral 11:30 EUR EUR German Producer Prices (YoY) -0.70% -0.70% Neutral 14:30 EUR EUR Euro-Zone Construction Output s.a. (MoM) - -1.50% -
  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. Reserve Bank of Australia Governor Glenn Stevens said his nation’s economy needs an injection of confidence rather than lower interest rates to stimulate growth, signaling policy will probably remain unchanged. Japan’s exports rose more than forecast in July, bouncing back from two straight declines to support an economy that contracted last quarter by the most since a record earthquake in 2011. Home construction rebounded in July and the cost of living rose at a slower pace, showing a strengthening U.S. economy has yet to generate a sustained pickup in inflation. Rupee gains slightly on bunched up dollar inflows. Sterling rallies, Carney's comments offset soft housing data. Europeans banks eye dollar bond market for capital boost. China's yuan rises for the 5th day despite weaker fixing. The dollar approached a nine-month high versus the euro on speculation the Federal Reserve is moving toward raising interest rates. Goldman Sachs Group Inc. said it expects further gains as money flows out of Europe. The Canadian dollar may weaken to a five-year low as slow economic growth. The cost of living in the U.S. climbed in July at the slowest pace in five months, indicating price pressures remain limited even as the economy picks up.