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Daily Market Reflection
31st
August 2017
Market Outlook
Fundamental News
Reference Rate
Currency
Date Date
% Chg
29-08-17 30-08-17
USDINR 64.0174 63.9431 -0.12%
EURINR 76.7505 76.4504 -0.39%
GBPINR 82.8833 82.6209 -0.32%
JPYINR 58.8100 58.1600 -1.11%
The rupee on Wednesday opened 5 paise up at 63.97 against dollar on
account of selling of American currency by banks and exporters.
The Australian dollar has jumped on Wednesday after building
approvals and construction data were sharply higher than predictions.
Better than expected economic figures drove the Aussie higher, sending
it as high as 79.93 US cents. Prior to the release of the figures, the
currency was at around 79.68 US cents. At 12:30pm, the dollar is
fetching 79.88 US cents.
European Monetary Union Consumer Confidence meets
forecasts (-1.5) in August.
Greece Producer Price Index (YoY) increased to 3% in July
from previous 1.4%.
Italy 10-y Bond Auction dipped from previous 2.16% to 2.09%
JapanLarge Retailer's Sales in line with forecasts -0.2% in July.
Event Calendar (31st Aug 2017)
Time Currency Event Forecast Previous
5:00am EUR CPI Flash Estimate y/y 1.40% 1.30%
5:00am EUR
Core CPI Flash Estimate
y/y
1.20% 1.20%
8:30am CAD GDP m/m 0.10% 0.60%
8:30am USD Unemployment Claims 237K 234K
9:45am USD Chicago PMI 58.7 58.9
10:00am USD
Pending Home Sales
m/m
0.40% 1.50%
Currencies vs $
Currency
Close
(5:00pm)
Prev
Close
% Chg
Rupee 63.974 64.015 -0.06%
Dollar Index 92.42 92.27 +0.16%
Euro 1.1947 1.1972 -0.21%
Pound 1.2923 1.2921 +0.02%
Japanese Yen 109.88 109.70 +0.16%
Currency Future
Currency
Date Date
% Chg
29-08-17 30-08-17
USDINR 64.2050 64.1850 -0.03%
EURINR 77.3325 76.7375 -0.77%
GBPINR 83.2275 83.0075 -0.26%
JPYINR 59.1475 58.4550 -1.17%
Global Commodities
Commodity Close Prev.Close % Chg
Gold 1316.72 1318.81 -0.16%
Silver 17.427 17426 +0.01%
Crude 46.16 46.44 -0.60%
Copper 3.096 3.105 -0.27%
USDINR
OUR PREVIOUS CALLS UPDATE
Intradaysuper star
Date Currency Entry Exit P/L
30/08 EURINR(L) 77.5000 - UNEX
Trifid special
Date Currency Entry Exit P/L
22/08 GBPINR(S) 82.65 82.35 +12000
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Overview
USDINR EURINR
R1 R2 S1 S2
64.3000 64.4000 64.1000 64.0000
USDINR opened gap down but recovered from lower levels
to close on a flat to positive note.
If the currency pair sustains above the mark of 64.2000 then
it may again gain strength whereas 63.9500 is still seen as
major support for the pair.
R1 R2 S1 S2
77.0000 77.2000 76.5000 76.3000
EURINR open with negative bias and closed on lower levels
around its support.
If sustain below 76.6000 than it may give more correction
towards next support level i.e. around 76.3000.
GBPINR
R1 R2 S1 S2
83.2000 83.4000 82.8000 82.6000
GBPINR open with negative bias showed correction and
closed above its support level.
On daily chart, it form a reversal pattern if sustain above its
resistance level than again bulls may active and take it upto
the next resistance level 83.4000.
JPYINR
R1 R2 S1 S2
58.7000 59.0000 58.2500 58.0000
JPYINR showed negative movements after gap down
opening and closed around its support level.
If able to sustain above 58.5000 than again some correction
is expected towards resistance of 59.0000 and on lower note
58.2500 is act as support forit.
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Intraday Super Star
(Premium Section)
EURINR opened withnegative bias continue its bearish movement for whole sessionand close around its support expected to
give negative breakout if sustain on lower levels
SELL BELOW 76.6100 TARGETS 76.4900/76.3700 SL 76.8100.
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Trifid Special
(Premium Section)
GBPINR afternegative movements showed correction and close around its high form reversal pattern expected to continue
positive momentum if sustain above its resistance.
BUY ABOVE 83.0500 TARGET83.3500 SL 82.5500.
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