The Rupee largely shrugged off the high volatility in stocks and ended steady at 64.15 against the US dollar even as investors reacted to US political turmoil and terror attack in Spain.

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Daily Market Reflection
21st
August 2017
Market Outlook
Fundamental News
Reference Rate
Currency
Date Date
% Chg
17-08-17 18-08-17
USDINR 64.2428 64.1048 -0.21%
EURINR 75.3761 75.2078 -0.22%
GBPINR 82.6162 82.6183 +0.00%
JPYINR 58.0100 58.6300 +1.07%
The Rupee largely shrugged off the high volatility in stocks and ended
steady at 64.15 against the US dollar even as investors reacted to US
political turmoil and terror attack in Spain.
Most Asian currencies were subdued on Friday, while the Philippines
peso hit a fresh 11-year low, as markets shied away from riskier assets
amid rising doubts about U.S. President’s ability to push through his
economic agenda. Investors fretted over the implications for Trump's
plans for tax cuts and infrastructure spending after the president
disbanded two high-profile business advisory councils on Wednesday.
 United States Michigan Consumer Sentiment Index registered
at 97.6 above expectations (94) in August.
 Canada Bank of Canada Consumer Price Index Core (MoM)
below forecasts (0.1%) in July: Actual (-0.1%).
 India FX Reserves, USD rose from previous $393.45B to
$393.61B..
Event Calendar (21st Aug 2017)
Time Currency Event Forecast Previous
4:31am GBP Rightmove HPI m/m - 0.10%
21st-24th CNY
Foreign Direct
Investment ytd/y
- -0.10%
8:30am NZD
Credit Card Spending
y/y
- 8.30%
10:00am JPY
All Industries Activity
m/m
0.50% -0.90%
3:30pm EUR
German Buba Monthly
Report
- -
6:00pm CAD Wholesale Sales m/m 0.60% 0.90%
Currencies vs $
Currency
Close
(5:00pm)
Prev
Close
% Chg
Rupee 64.082 64.215 -0.21%
Dollar Index 93.36 93.64 -0.30%
Euro 1.1761 1.1723 +0.32%
Pound 1.2878 1.2868 +0.08%
Japanese Yen 109.19 109.58 -0.36%
Currency Future
Currency
Date Date
% Chg
16-08-17 18-08-17
USDINR 64.2325 64.2125 -0.03%
EURINR 75.2225 75.4575 +0.31%
GBPINR 82.7400 82.7825 +0.05%
JPYINR 58.0175 58.8950 +1.51%
Global Commodities
Commodity Close Prev.Close % Chg
Gold 1290.27 1292.40 -0.16%
Silver 16.957 17.053 -0.56%
Crude 48.70 47.09 +3.42%
Copper 2.940 2.938 +0.07%
USDINR
OUR PREVIOUS CALLS UPDATE
Intradaysuper star
Date Currency Entry Exit P/L
18/08 GBPINR(S) 82.65 - UNEX
Trifid special
Date Currency Entry Exit P/L
18/08 EURINR(S) 75.18 - UNEX
For our next calls click here……..

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Overview
USDINR EURINR
R1 R2 S1 S2
64.3000 64.4000 64.1000 64.0000
USDINR traded on lower levels than previous close and
settled on lower note.
It has been constantly facing resistance at higher levels and
further slippage may find 64.0000 as important support
whereas 64.4000 is seenas immediate resistance.
R1 R2 S1 S2
75.6000 75.8000 75.3000 75.1000
EURINR opened higher than previous close and sustained at
such levels.
It has been hovering in a range and any closing above
75.6500 can strengthen the pair while 75.1000 is seen as
good support.
GBPINR
R1 R2 S1 S2
82.9000 83.1000 82.6000 82.4000
GBPINR traded in the same range as of previous session and
closed on a flat note.
If the currency pair slips below the near support of 82.6500
then it may further drag towards deeper supports while
83.0000-83.3000 is seenas immediate resistance range.
JPYINR
R1 R2 S1 S2
59.1000 59.3000 58.7000 58.5000
JPYINR opened gap up and continued the up move
throughout the sessionto close on strong note.
The currency pair is near to the mark of 59.0000 and
sustaining above it can strengthen it while 58.5000 will now
be seen as important support.

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Intraday Super Star
(Premium Section)
JPYINR showedsuddenpull back afterthree day consecutive fall and closed on a strong note. If the currency pair continues
the up move, then it may move ahead towards higher resistances.
BUY ABOVE 58.9300 TARGETS 59.0500/59.1700 SL 58.7300.

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Trifid Special
(Premium Section)
GBPINR closed around the trend line coming from deepersupports and the currency pair may give negative breakout if holds
below it.
SELL BELOW 82.6500 TARGET82.3500 SL 83.1500.

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