SMC Global Daily currency report 25-09-2013 doc

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SMC Global Daily currency report 25-09-2013 doc

  1. 1. lladollatop 25/09/2013 CURRENCY OUTLOOK FOR THE DAY Currency Rate* Trend Support Resistance Dollar Index 80.60 SIDEWAYS 80.35/80.15 80.95/81.20 EUR/USD 1.3465 SIDEWAYS 1.3435/1.3405 1.3507/1.3535 USD/JPY 98.65 SIDEWAYS 98.30/98.05 98.95/99.20 GBP/USD 1.5982 SIDEWAYS 1.5947/1.5915 1.6025/1.6057 USD/INR(Sep) 62.98 SIDEWAYS 62.63/62.44 63.17/63.36 EUR/INR(Sep) 84.77 SIDEWAYS 84.45/84.22 85.05/85.28 JPY/INR(Sep) 63.85 SIDEWAYS 63.63/63.43 64.16/64.36 GBP/INR(Sep) 100.65 SIDEWAYS 100.30/100.05 100.95/101.20 Note: The above levels are only for intraday trading. Today’s Major Economic Releases Time (IST) Currency Event Forecast Previous Adverse/Favourable/Neutral 11:30 EUR EUR German GfK Consumer Confidence Survey 7 6.9 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. The yen and dollar held gains versus most major peers as stocks in Asia and the U.S. dropped amid concern over budget talks that risk a federal government shutdown, sparking demand for haven currencies. China’s economy slowed this quarter as growth in manufacturing and transportation weakened in contrast with official signs of an expansion pickup, a private survey showed. The Reserve Bank of Australia urged the nation’s lenders to maintain loan standards as record-low interest rates spur households’ investment appetite Growing concern over the outlook for hiring and wages shook U.S. consumer sentiment this month, raising the risk spending will contribute less to growth The rupee weakened for a third straight session as the surprise rate hike by RBI last week tempered down the effect of the US Fed's decision to not taper its monetary stimulus just yet. South Korea won erases early loss, edges higher amid foreign inflows

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