#ChoiceBroking #Currencyreport

1. Currency Highlights
07th
June’2016
HighLights:
 Indian Rupee rose for third consecutive day in Monday’s trade
 US Labor Market Conditions Index was at negative 4.8-mark in May
 German Factory Orders plunged by 2 percent in the month of April
 Euro Zone Sentix Investor Confidence jumped to 9.9-level in June
Indian Rupee appreciated for third consecutive day and gained sharply by
28 paise to end at 66.97 against the US dollar on Monday. The currency
had appreciated on account of selling of dollars by exporters and banks.
Additionally, robust capital inflows into equities and debts also led to ap-
preciation in the Indian Rupee.
However, sharp upside in the currency was capped due to weak domestic
market sentiments. On the economy front, Raghuram Rajan is expected to
maintain status quo in its bi-monthly monetary policy review on Tuesday.
Indian Rupee moved in the range of 66.8625 to 67.0525 in Monday’s trad-
ing session. The Reserve Bank of India (RBI) reference rate for dollar was
seen at 67.96 and Euro stood at 75.94 on Monday.
US Dollar Index fell marginally in Monday’s trading session due to rise in risk appetite in global market sentiments which led to
decline in demand for the low yielding currency. Further, unfavourable economic data from the country kept pressure on the
currency.
US Labor Market Conditions Index was at negative 4.8-mark in May as against a fall of 3.4-level in April.
Euro against dollar gained around 0.1 percent on Monday on account of weakness in the dollar index coupled with mixed eco-
nomic data from the region. Further, upbeat global market sentiments led to positive movement in the currency.
German Factory Orders plunged by 2 percent in April as against a rise of 2.6 percent in March. Euro Zone Raw Materials Price
Index (RMPI) gained by 2.7 points to 50.6-mark in May from 47.9-level in April. Euro Zone Sentix Investor Confidence jumped
by 3.7 points to 9.9-level in June with respect to 6.2-mark in the last month.
The Sterling Pound rose around 0.5 percent in Monday’s trade on account of weaker dollar. Moreover, upbeat global market
sentiments led to positive movement in the currency.
The Japanese Yen against dollar depreciated around 0.75 percent in Monday’s trade due to rise in risk appetite in global mar-
ket sentiments which led to decline in demand for the low yielding currency.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Last PrevCl. PriceChng PriceChng%
DollarIndex 94.23 94.03 0.20 0.21
USD/INR(Spot) 67.02 66.99 0.03 0.04
USD/INR(NseJune) 67.27 67.54 (0.27) (0.40)
EUR/INR(Spot) 75.99 76.15 (0.16) (0.21)
EUR/INR(NseJune) 76.29 75.35 0.94 1.23
GBP/INR(Spot) 96.43 97.28 (0.85) (0.88)
GBP/INR(NseJune) 96.83 97.42 (0.59) (0.61)
JPY/INR(NseJune) 62.70 62.01 0.69 1.10
MarketHighlights

2. Technical View:
The JPYINR price has been trading in rectangle pattern form
past few weeks and prices are facing resistance of its upper
band of channel pattern at 62.80 levels on hourly chart.
In addition, on four hourly chart price has formed bearish
harami pattern , which is bearish reversal pattern.
On hourly chart, momentum oscillator RSI has moved in over-
sold zone territory at 75 levels, which gives negative confir-
mation to the prices.
A momentum indicator MACD has shown negative crossover
on hourly chart, which indicates short term trend remains
bearish.
For now we expect prices to move lower towards 62.20 levels
in few trading sessions.
Pivot levels for the Day
Technical View:
The price has been moving in its rising channel formation
from past few weeks and price has given breakdown of its of
its lower band of channel pattern at 67.30 levels on daily
chart.
Moreover, price have been trading below of its 21 daily expo-
nential moving average which suggest near term trend re-
mains down. So any rally in the prices towards 67.40 level,
used as selling opportunity.
A momentum indicator RSI has moved below 60 levels on
daily chart, which suggest bearishness in the prices.
A momentum indictor MACD has given negative crossover on
daily chart, which gives negative confirmation to the prices.
For now we expect prices to move lower towards 67.40 lev-
els in few trading sessions.
Currency Highlights
07th
June’2016
USDINR JPYINR
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
USDINR 61.92 62.31 62.50 62.70 62.89 63.09 63.48
JPYINR 61.92 62.31 62.50 62.70 62.89 63.09 63.48

3. Pivot levels for the Day
Currency Highlights
07th
June’2016
GBPINR EURINR
Technical View:
The pair has given breakdown of its symmetrical triangle
pattern at 76.10 levels on daily chart. Now, the price has re-
tested the breakdown trend line at 76.30 levels.
On the other hand, Pair has been trading below its 21 half
hourly exponential moving average which indicates that
trend is remains negative.
A momentum oscillator RSI have been trading below 60 lev-
els on hourly chart which gives the signs of bearishness to
the prices.
Moreover, momentum indicator MACD has shown negative
crossover on hourly chart which support our bearish view on
the pair.
For now we expect prices should move lower towards 75.60
levels in the coming trading sessions.
Technical View:
The prices have been moving in rising channel formation
form past few days and price has shown breakdown of its
lower band of channel pattern at 97.50 levels on daily chart.
On the other hand, Pair has been trading below its 21 hourly
exponential moving average which indicates that medium
term trend is remains bearish.
A momentum indicator RSI has moved below 60 levels on
daily chart, which suggest bearishness in the prices.
Moreover, momentum indicator MACD has shown negative
crossover on daily chart which support our bearish view on
the pair.
For now we expect prices should move lower towards 96.50
levels in the coming trading sessions.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
GBPINR 95.49 96.17 96.50 96.85 97.18 97.53 98.21
EURINR 75.53 75.87 76.08 76.21 76.42 76.55 76.89

4. Currency Highlights
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Economic Indicators
Date Time Data Prior Expected Impact
07.06.16 1:00pm Halifax HPI m/m -0.8% 0.3% Actual > Forecast = Good for
currency; EURINR
07.06.16 6:00pm Revised Nonfarm Productivity
q/q
-1.0% -0.6% Actual > Forecast = Good for
currency; USDINR
07th
June’2016

5. Currency Highlights
07th
June’2016
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: 2016.06.07 08:27:02 +05'30'