The rupee staged an impressive comeback after plunging to a fresh three-week low and ended with a modest loss of 3 paise at 64.15 a dollar today even as local equities put up a strong performance.

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Daily Market Reflection
18th
August 2017
Market Outlook
Fundamental News
Reference Rate
Currency
Date Date
% Chg
14-08-17 17-08-17
USDINR 64.0253 64.2428 +0.34%
EURINR 75.7035 75.3761 -0.43%
GBPINR 83.2777 82.6162 -0.79%
JPYINR 58.4300 58.0100 -0.72%
The rupee staged an impressive comeback after plunging to a fresh
three-week low and ended with a modest loss of 3 paise at 64.15 a
dollar today evenas local equities put up a strong performance.
UK retail sales data for July beat market expectations but last month’s
strong figures were revised a touch lower, leaving a mixed picture for
the British Pound. Monthly sales rose by 0.3%, beating expectations of
a 0.2% rise, but June’s 0.6% gain was revised down to 0.3%. On an
annual basis, sales rose by 1.4% against expectations of a 1.3% gain,
with June’s 2.9% rise downgraded to 2.8%.
 European Monetary Union Trade Balance s.a. above
expectations (€20.4B)in July: Actual (€22.3B).
 United Kingdom Retail Sales ex-Fuel (YoY) above expectations
(1.3%) in July: Actual (1.5%).
 Hong Kong SAR Unemployment rate remains at 3.1% in July
 Austria HICP (MoM) down-0.6% in July from previous -0.1%.
Event Calendar (18th Aug 2017)
Time Currency Event Forecast Previous
11:30am EUR German PPI m/m 0.00% 0.00%
1:30pm EUR Current Account 27.3B 30.1B
7:30pm USD
Prelim UoM Consumer
Sentiment
94 93.4
7:30pm USD
Prelim UoM Inflation
Expectations
- 2.60%
7:45pm USD
FOMC Member Kaplan
Speaks
- -
- - - - -
Currencies vs $
Currency
Close
(5:00pm)
Prev
Close
% Chg
Rupee 64.105 64.015 +0.14%
Dollar Index 93.92 93.41 +0.55%
Euro 1.1675 1.1766 -0.77%
Pound 1.2866 1.2892 -0.20%
Japanese Yen 110.23 110.19 +0.04%
Currency Future
Currency
Date Date
% Chg
14-08-17 16-08-17
USDINR 64.2250 64.2325 +0.01%
EURINR 75.7700 75.2225 -0.72%
GBPINR 83.3575 82.7400 -0.74%
JPYINR 58.5450 58.0175 -0.90%
Global Commodities
Commodity Close Prev.Close % Chg
Gold 1290.68 1282.90 +0.61%
Silver 17.046 16.940 +0.65%
Crude 46.56 46.78 -0.47%
Copper 2.947 2.954 -0.19%
USDINR
OUR PREVIOUS CALLS UPDATE
Intradaysuper star
Date Currency Entry Exit P/L
16/08 JPYINR(S) 58.46 58.22 +4800
Trifid special
Date Currency Entry Exit P/L
16/08 GBPINR(S) 83.34 83.04 +12000
For our next calls click here……..

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Overview
USDINR EURINR
R1 R2 S1 S2
64.4000 64.5000 64.1000 64.0000
USDINR opened on higher note and gradually dragged to
close on a flat note.
On lower side, 64.0000 is still seen as important support for
the currency pair whereas 64.4000-64.5000 is seen as
resistance range for it.
R1 R2 S1 S2
75.9000 76.1000 75.0000 74.8000
EURINR slipped during the session and settled in red
territory.
It strictly faced resistance at higher levels and now on lower
side, 75.0000 is seen as key support whereas 75.7000-75.9000
is seen as important resistance range.
GBPINR
R1 R2 S1 S2
82.9000 83.1000 82.6000 82.4000
GBPINR sharply dropped from the higher levels and closed
below the major support levels on daily chart.
If the currency pair further drops, then it may slip towards
82.4000 whereas sustaining above 83.0000 can strengthen it
to move towards higher levels.
JPYINR
R1 R2 S1 S2
58.2000 58.4000 57.8000 57.6000
JPYINR consecutively dropped for the second session and
closed on lower note.
Closing around 58.0000 is again a weak sign and may drop
further if it sustains below this mark whereas 58.4000-
58.5000 is seenas stiff resistance.

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Intraday Super Star
(Premium Section)
GBPINR closed below the majorsupport on daily chart and its closing indicates that selling pressure may continue in the
coming session.
SELL BELOW 82.6500 TARGETS 82.5300/82.4100 SL 82.8500.

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Trifid Special
(Premium Section)
EURINR had beenmoving in a channel pattern and is expected to move towards the lowerband of channel in coming sessions.
Hence, sell offs may be seenin the counter.
SELL BELOW 75.1800 TARGET74.8800 SL 75.6800.

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