#ChoiceBroking #CurrencyHighlights - Indian Rupee fell to one week low at 66.70 in yesterday’s trade

1. Currency Highlights
07th
Oct’2016
HighLights:
 Indian Rupee fell to one week low at 66.70 in yesterday’s trade
 US Unemployment Claims plunged to 249,000 for w/e on 30th
Sep’16
 German Factory Orders surged by 1 percent in the month of Au-
gust
 US Challenger Job Cuts declined by 24.7 percent in September
Indian Rupee continued to remain under pressure for second consecu-
tive day and depreciated around 19 paise to end at 66.70 against the
US dollar on Thursday. The currency depreciated on account of dollar
demand from importers and banks. Further, weak domestic market
sentiments along with strength in the dollar in early part of the trade
kept pressure on the currency. Foreign institutional investors stood
net buyers in the Indian equity markets as they bought shares worth
of Rs.655.65 crore on Thursday. Indian Rupee moved in the range of
66.5650 to 66.7000 in Thursday’s trading session.
In cross-currency trades, the rupee strengthened further against the pound sterling to close at 84.50 from 84.62 and also
firmed up further against the Japanese yen to finish at 64.33 as compared to 64.54 per 100 yens on Wednesday. The rupee,
however, weakened further against the euro to settle at 74.61 from 74.59 earlier.
US Dollar Index surged around 0.7 percent in Thursday’s trading session due to rise in risk aversion in global markets which led
to increase in demand for the low yielding currency. Further, favourable economic data from the country led to positive move-
ment in the currency.
US Challenger Job Cuts declined by 24.7 percent in September with respect to fall of 21.8 percent in August. Unemployment
Claims plunged by 5,000 to 249,000 for the week ending on 30th
Sep’16 from a rise of 254,000 in prior week.
Euro against dollar dropped around 0.5 percent on Thursday on account of weak global market sentiments. Further, strength
in the dollar index kept pressure on the currency. However, favourable economic data from the region cushioned sharp fall in
the currency.
German Factory Orders surged by 1 percent in August as against a previous rise of 0.3 percent a month ago. Euro Zone Raw
Materials Price Index (RMPI) dropped by 1.4 points to 49.6-mark in September from 51-level in August.
The Sterling Pound plunged by more than 1 percent in Thursday’s trade as a result of weak global market sentiments. Further,
stronger dollar index kept the currency in negative territory.
The Japanese Yen against dollar depreciated around 0.43 percent in Thursday’s trading session due to rise in risk appetite in
global market sentiments in early part of the trade 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 96.3 96.13 0.17 0.18
USD/INR(Spot) 66.67 66.57 0.10 0.15
USD/INR(NseOct) 66.82 66.74 0.08 0.12
EUR/INR(Spot) 74.57 74.59 (0.02) (0.03)
EUR/INR(NseOct) 74.82 74.98 (0.16) (0.21)
GBP/INR(Spot) 84.78 84.87 (0.09) (0.11)
GBP/INR(NseOct) 85.09 85.06 0.03 0.04
JPY/INR(NseOct) 64.59 64.78 (0.19) (0.29)
MarketHighlights

2. Technical View:
On daily chart JPYINR prices have been trading in sym-
metrical triangle pattern and shown breakdown of its
symmetrical triangle pattern. However, price has formed
bearish candle stick on daily chart.
Moreover, breakdown can be seen in the prices with bol-
stering volumes.
Furthermore, prices have been trading below its 21 DE-
MA, which suggest short term trend is negative.
On daily chart momentum indicator RSI is trading below
at 45 levels which suggest further weakness in the pric-
es.
So for trading perspective, one could use sell in the
range of 65.10 with SL of 66.50 for Target of 64.60. lev-
els.
Pivot levels for the Day
Technical View:
On daily USDINR prices have been trading in falling
channel formation from past few weeks. The pair has
formed bearish candle stick with appealing volumes.
On the other hand, prices have been facing resistance of
falling trend line at 66.85 levels on daily chart.
On the other hand, prices have been facing resistance of
its upper band of channel pattern at 67.10 levels on dai-
ly.
Moreover, prices have been trading below 21 DEMA
which gives the sign of bearishness in the prices.
A momentum indictor RSI has traded below 60 levels,
which suggest further weakness in the prices.
So for trading perspective, one could sell in range 66.85
with SL of 67.10 for target of 66.20
Currency Highlights
07th
Oct’2016
USDINR JPYINR
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
USDINR 66.53 66.66 66.74 66.79 66.87 66.92 67.05
JPYINR 64.11 64.33 64.45 64.55 64.67 64.77 64.99

3. Pivot levels for the Day
Currency Highlights
07th
Oct’2016
GBPINR EURINR
Technical View:
The EURINR pair has been trading in rising channel
pattern and price has shown breakdown of its rising
channel pattern at 75 levels on daily chart.
On daily chart EURINR price have been trading in de-
scending triangle pattern from past months.
Moreover, prices have been trading below its 21 DE-
MA, which suggest short term trend is down.
On daily chart momentum oscillator RSI have been trad-
ing below 60 which suggest bearishness in the prices.
A momentum indicator MACD has shown negative
crossover on daily chart, which add more bearishness in
the prices.
For now we can expect prices should move lower to-
wards 74.10 levels in the coming trading session.
Technical View:
On daily GBPINR price has been trading in falling chan-
nel pattern and price has shown breakdown of its falling
channel pattern at 86.50 levels on daily chart.
Moreover, prices have been trading below 21 DEMA,
which suggest short term trend remains weak.
The price has given breakdown of horizontal trend line
at 87.30 levels on daily chart.
A momentum indicator MADC has given negative Cross
over on daily chart, which gives the sign of bearishness
in the prices.
The momentum indictor RSI has been trading below 40
levels on daily chart. Which suggest lack of strength in
the prices.
For now we expect prices should move lower towards
84.40 levels coming trading sessions.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
GBPINR 84.41 84.72 84.89 85.03 85.20 85.34 85.65
EURINR 74.55 74.69 74.76 74.83 74.90 74.97 75.11

4. Currency Highlights
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
07th
Oct’2016
Economic Indicators
Date Time Data Prior Expected Impact
07.10.16 2:00 PM Manufacturing Production
m/m
-0.9% 0.4% Actual > Forecast = Good
for currency; GBPINR
07.10.16 6:00 PM Average Hourly Earnings m/
m
0.1% 0.2% Actual >Forecast = Good for
currency; USDINR
07.10.16 6:00 PM Non-Farm Employment
Change
151K 171K Actual >Forecast = Good for
currency; USDINR
07.10.16 6:00 PM Unemployment Rate 4.9% 4.9% Actual > Forecast = Good
for currency; USDINR
07.10.16 6:00 PM Final Wholesale Inventories
m/m
-0.1% 0.1% Actual < Forecast = Good
for currency; USDINR

5. Currency Highlights
07th
Oct’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: 2016.10.07 09:13:48 +05'30'