The U.S. dollar fell on Thursday, giving up some of its gains this week, as investors took profits after the U.S. Federal Reserve left interest rates unchanged on Wednesday, as expected, with markets widely expecting a rate hike at its next meeting. Trump preparing to nominate Governor Jerome Powell, seen as less hawkish than other candidates, markets waited for fresh data to push the dollar.

1. Daily Market Reflection
03rd
November 2017
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Market Outlook
Fundamental News
Reference Rate
Currency
Date Date
% Chg01-11-
17
02-11-
17
USDINR 64.5256 64.5930 +0.10%
EURINR 75.0755 75.2831 +0.28%
GBPINR 85.6706 85.7860 +0.13%
JPYINR 56.7000 56.7200 +0.04%
The rupee on Thursday opened 6 paise up at 64.53 against dollar on
account of selling of American currency by corporates.
The U.S. dollar fell on Thursday, giving up some of its gains this week, as
investors took profits after the U.S. Federal Reserve left interest rates
unchanged on Wednesday, as expected, with markets widely expecting a
rate hike at its next meeting. Trump preparing to nominate Governor
Jerome Powell, seen as less hawkish than other candidates, markets waited
for fresh data to push the dollar.
• United Kingdom PMI Construction came in at 50.8, above
expectations (48) in October.
• Germany Unemployment Change came in at -11K, below
expectations (-10K) in October.
• Australia Trade Balance registered at 1745M above expectations
(1.2M) in September.
Event Calendar (03rd
Nov 2017)
Time Currency Event Forecast Previous
5:30am GBP Services PMI 53.3 53.6
8:30am USD
Average Hourly
Earnings m/m
0.20% 0.50%
8:30am USD
Non-Farm Employment
Change
311K -33K
8:30am USD Unemployment Rate 4.20% 4.20%
8:30am USD Trade Balance -43.3B -42.4B
10:00am USD
ISM Non-Manufacturing
PMI
58.5 59.8
Currencies vs $
Currency
Close
(5:00p
m)
Prev
Close
% Chg
Rupee 64.628 64.525 +0.16%
Dollar Index 94.53 94.70 -0.18%
Euro 1.1650 1.1619 +0.27%
Pound 1.3231 1.3245 -0.17%
Japanese Yen 114.04 114.17 -0.11%
Currency Future
Currency
Date Date
% Chg
1-11-17 2-11-17
USDINR 64.8225 64.8050 -0.03%
EURINR 75.5450 75.5825 +0.05%
GBPINR 86.2900 85.6775 -0.71%
JPYINR 56.9100 56.8475 -0.11% Global Commodities
Commodit
y
Close
Prev.Clos
e
% Chg
Gold 1277.41 1277.30 +0.01%
Silver 17.095 17.176 -0.47%
Crude 54.34 54.30 +0.11%
Copper 3.118 3.138 -0.64%
USDINR
OUR PREVIOUS CALLS UPDATE
Intraday super star
Date Currency Entry Exit P/L
2/11 GBPINR(L
)
86.355
0
- UNE
X
Trifid special
Date Currency Entry Exit P/L
17/10 EURINR(S) 76.43 76.13 +12000
For our next calls click here……..

2. Overview
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USDINR EURINR
R1 R2 S1 S2
65.0000 65.2000 64.6000 64.4000
USDINR pair has given good short covering from its lower
level and closed the day with good gain.
For upcoming session if it manages above 65.0000 level then it
may move towards next resistance level, 64.6000 is immediate
support zone.
R1 R2 S1 S2
75.8000 76.0000 75.4000 75.2000
EURINR pair opened with gap down and bounce back after
testing its support level, settled near to its days high.
It has crucial support level of 75.45000 below this more selling
can be seen. 75.7500 is psychological resistance level.
.
GBPINR
R1 R2 S1 S2
85.8000 86.0000 85.4000 85.1000
GBPINR pair opened with gap down and pull back form its
support level in first half but unable to hold higher level and
came down, closed with negative note.
85.6000 is support level below correction is expected. 86.0000
is good resistance level.
JPYINR
R1 R2 S1 S2
57.1000 57.3000 56.6000 56.4000
JPYINR pair continued its southward journey and closed near
to its days low.
Now 56.8000 is important support level below this down side
movement may expected. 57.0000 is major resistance level.

3. Intraday Super Star
(Premium Section)
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USDINR gave false breakout of lower consolidation and showed positive movements closed around its intraday high expected to
give more bullish movements.
BUY ABOVE 64.8700 TARGETS 64.9900/65.1100 SL 64.6700.

4. Trifid Special
(Premium Section)
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JPYINR unable to sustain on higher levels form consolidation below its strong support expected to give negative breakout if sustain
below mention level.
SELL JPYINR BELOW 57.1200 TARGETS 56.8200 SL 57.6200.

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6. DISCLAIMER
Trifid Research respects and values the Right to Policy of each and every individual. We are esteemed by
the relationship and by becoming our clients; you have a promise from our side that we shall remain loyal
to all our clients and non-clients whose information resides with us. This Privacy Policy of Trifid
Research applies to the current clients as well as former clients. Below are the word by word credentials
of our Privacy Policy:
1. Your information, whether public or private, will not be sold, rented, exchanged, transferred or
given to any company or individual for any reason without your consent.
2. The only use we will be bringing to your information will be for providing the services to you for
which you have subscribed to us.
3. Your information given to us represents your identity with us. If any changes are brought in any
of the fields of which you have provided us the information, you shall bring it to our notice by
either calling us or dropping a mail to us.
4. In addition to the service provided to you, your information (mobile number, E-mail ID etc.) can
be brought in use for sending you newsletters, surveys, contest information, or information about
any new services of the company which will be for your benefit and while subscribing for our
services, you agree that Trifid Research has the right to do so.
5. By subscribing to our services, you consent to our Privacy Policy and Terms of Use.
6. Trifid research does not guarantee or is responsible in any which way, for the trade execution of
our recommendations, this is the sole responsibility of the client.
7. Due to the market’s volatile nature, the trader may/ may not get appropriate opportunity to
execute the trades at the mentioned prices and Trifid Research hold’s no liability for any profit/
loss incurred whatsoever in this case.
8. It is the responsibility of the client to view the report timely from our Premium member section
on our website: www.trifidresearch.com and the same will also be mailed to this registered email
id.
9. Trifid research does not hold any liability or responsibility of delay in mail delivery of reports, as
this depends on our mail service provider’s network infrastructure.
10. The clients can call us for any query related to buying/selling the securities, based on our
recommendations.
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410