#ChoiceBroking #CurrencyHighlights

1. Currency Highlights
06th
Feb’2017
HighLights:
The dollar moved higher against other major currencies on Friday,
ahead of the highly-anticipated U.S. nonfarm payrolls report due later
in the day.
Investors were still cautious as U.S. President Donald Trump’s protec-
tionist policies and immigration bans spurred ongoing uncertainty in
global markets.
On Thursday, Trump suggested the possibility of imposing new sanc-
tionson multiple Iranian entities, seeking to increase pressure on Teh-
ran.
Market participants were looking ahead to the U.S. nonfarm payrolls
report, due later Friday, after upbeat initial jobless claims numbers
released the day before sparked fresh optimism over the strength of
the jobs market.
The dollar trimmed gains against other major currencies on Friday,
after the release of mixed U.S. employment data.
The U.S. Department of Labor said the economy added 227,000 jobs in January, exceeding expectations for an increase of
175,000, The economy added 157,000 jobs in December, whose figure was revised from a previously estimated gain of
156,000.
However, the report also showed that the U.S. unemployment rate ticked up to 4.8% last month from 4.7% in December. Ana-
lysts had expected for an unchanged reading in January.
Data also showed that U.S. average hourly earnings rose 0.1% in January, disappointing expectations for an increase of 0.3%.
Earlier Friday, market research firm Markit said its U.K. services purchasing managers’ index dropped to 54.5 last month from a
reading of 56.2 in December. Analysts had expected the index to fall only to 55.8 in January.
Data earlier showed that China’s Caixin manufacturing purchasing managers’ index ticked down to 51.0 in January from 51.9
the previous month. Analysts had expected the index to slip to 51.8 last month.
The data fueled fresh concerns over a slowdown in the world’s second biggest economy. China is Australia’s biggest export
partner and New Zealand’s second biggest export partner
USD/JPY rose 0.32% to trade at 113.16, off Thursday’s two-month lows of 112.03, while USD/CHF gained 0.29% to 0.9955.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Last PrevCl. PriceChng PriceChng%
DollarIndex 99.32 99.69 (0.37) (0.37)
USD/INR(Spot) 67.40 67.33 0.07 0.10
USD/INR(NseFeb) 67.46 67.56 (0.10) (0.15)
EUR/INR(Spot) 72.87 72.60 0.27 0.37
EUR/INR(NseFeb) 72.52 73.04 (0.52) (0.72)
GBP/INR(Spot) 85.25 85.24 0.01 0.01
GBP/INR(NseFeb) 84.19 85.51 (1.32) (1.57)
JPY/INR(NseFeb) 59.73 60.11 (0.38) (0.64)
MarketHighlights

2. Technical View:
On the hourly chart, the pair has given the breakdown of
its rising trend line at 60 levels.
The pair has been trading in horizontal channel pattern
from past few weeks and price has faced the resistance
of its upper band at 60.50 levels on the hourly chart.
Moreover, prices have been trading below its 21 DSMA
which gives the sign of bearishness in the prices.
On daily chart momentum indicator, RSI is trading below
60 levels which indicate downside momentum can be
seen in the prices.
In addition, momentum indicator MACD has shown neg-
ative crossover which suggests lack of strength in the
prices on the hourly chart.
So for trading perspective, one can JPYINR sell in the
range of 59.80 with SL of 60.10 for the target of 59.20
levels.
Pivot levels for the Day
Technical View:
The pair has given the breakdown of its horizontal chan-
nel pattern and prices have been retested its breakdown
trend line channel pattern at 68 levels on 4 hourly
charts.
On the hourly chart, the pair has given the breakdown
of its rising trend line at 68.20 levels.
Moreover, prices have been trading below its 21 HSMA
which gives the sign of bearishness in the prices.
A momentum indicator RSI has shown bearish range
shift at 45 levels, which suggest further negative mo-
mentum can be seen in the prices.
In addition, momentum indicator MACD has shown neg-
ative crossover and moving above its signal line on 4
hourly chart.
So for trading perspective, one can sell USDINR in range
67.60 with SL of 68 for the target of 67.
Currency Highlights
06th
Feb’2017
USDINR JPYINR
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
USDINR 67.16 67.32 67.40 67.48 67.56 67.64 67.80
JPYINR 59.04 59.43 59.58 59.82 59.97 60.21 60.60

3. Pivot levels for the Day
Currency Highlights
06th
Feb’2017
GBPINR EURINR
Technical View:
The pair has given the breakdown of its rising channel
pattern and price have been almost retested its break-
down channel pattern at 85.50 levels on the daily chart.
The pair has been trading below its 21 HSMA on the
hourly chart, which suggests further weakness can be
seen in the prices.
On daily chart momentum oscillator, RSI has been mov-
ing below 50 levels on the hourly chart, which suggest
bearishness in the prices.
A momentum indicator MACD has shown negative
crossover on the hourly chart, which supports our bear-
ish view to the prices.
For now, we can expect prices should move lower to-
wards 71.80 levels in the coming trading session.
Technical View:
The pair has given the breakdown of its rising channel
pattern and price have been almost retested its break-
down channel pattern at 85.50 levels on the daily chart.
The prices have given the breakdown of its horizontal
trend line at 86 levels on the daily chart.
Moreover, prices have been trading below 21 DSMA,
which suggest short term trend looks down.
Moreover, momentum indicator MACD has given nega-
tive crossover on a daily chart, which gives the sign of
bearishness in the prices.
The momentum indicator RSI has been trading below
60 levels on the daily chart, which suggest the possibili-
ties of further downside momentum in the prices.
For now, we expect prices should move lower to-
wards 83.60 levels coming trading sessions.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
GBPINR 81.97 83.30 83.74 84.63 85.07 85.96 87.29
EURINR 72.04 72.32 72.42 72.60 72.70 72.88 73.16

4. Currency Highlights
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
06th
Feb’2017
Economic Indicators
Date Time Data Prior Expected Impact
06.02.17 05:30 AM Average Cash Earnings y/y 0.5% 0.3% Actual > Forecast = Good for
currency; JPYINR
06.02.17 07:15 AM Caixin Services PMI 53.4 53.6 Actual > Forecast = Good for
currency; CNY
06.02.17 12:30 PM German Factory Orders m/m -2.5% 0.6% Actual > Forecast = Good for
currency; EURINR

5. Currency Highlights
06th
Feb’2017
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Amit Pathania
Digitally signed by Amit Pathania
DN: cn=Amit Pathania, o=Choice Equity Broking Pvt. ltd,
ou=Research Department, email=amit.pathania@choiceindia.com,
c=IN
Date: 2017.02.03 22:47:28 +05'30'