#ChoiceBroking #Currencyreport

1. Currency Highlights
10th
June’2016
HighLights:
 Indian Rupee closed at four week high against dollar on Thursday
 US Unemployment Claims fell to 264,000 for w/e on 3rd
June’16
 German Trade Balance was at a surplus of 24 billion Euros in April
 UK’s Goods Trade Balance was at a deficit of 10.5 billion Pounds in
April
Indian Rupee appreciated for sixth consecutive day and gained by 7 paise
to end at 66.58 against the US dollar on Thursday. The currency closed at
four week high on account of sustained selling of dollars by exporters and
banks. Additionally, robust capital inflows into equities and debts also led
to appreciation in the Indian Rupee.
Further weakness in the dollar index post the employment data last week
hinting towards delay in hike of the interest of rates by the Federal Re-
serve acted as a positive factor for the domestic currency.
US Dollar Index jumped around 0.56 percent in Thursday’s trading session due to rise in risk aversion in global market senti-
ments which led to increase in demand for the low yielding currency. Further, favourable economic data from the country led
to positive movement in the currency.
US Unemployment Claims fell by 4,000 to 264,000 for the week ending on 3rd
June’16 from 268,000 in prior week. Wholesale
Inventories gained by 0.6 percent in April with respect to rise of 0.2 percent in March.
Euro against dollar declined around 0.74 percent on Thursday on account of strength in the dollar index. Further, weak global
market sentiments led to negative movement in the currency.
French Final Non-Farm Payrolls rose by 0.3 percent in Q1 of 2016 as against a rise of 0.2 percent in previous quarter. German
Trade Balance was at a surplus of 24 billion Euros in April from surplus of 23.7 billion Euros in March. Italian Quarterly Unem-
ployment Rate unchanged at 11.6 percent in first quarter of the current year.
The Sterling Pound fell around 0.27 percent in Thursday’s trade on account of stronger dollar. Moreover, weak global market
sentiments along with unfavourable economic data from the country led to negative movement in the currency.
UK’s Goods Trade Balance was at a deficit of 10.5 billion Pounds in April from an earlier deficit of 10.6 billion Pounds a month
ago.
The Japanese Yen against dollar depreciated around 0.13 percent in Thursday’s trading session as a result of unfavourable eco-
nomic data from the country. However, rise in risk aversion in global market sentiments led to increase in demand for the low
yielding currency which cushioned sharp fall in the currency.
Japan’s Prelim Machine Tool Orders declined by 25 percent in May as against a drop of 26.3 percent in April.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Last PrevCl. PriceChng PriceChng%
DollarIndex 93.86 93.59 0.27 0.29
USD/INR(Spot) 66.76 66.51 0.25 0.37
USD/INR(NseJune) 66.93 66.84 0.09 0.13
EUR/INR(Spot) 75.75 75.84 (0.09) (0.12)
EUR/INR(NseJune) 75.98 76.10 (0.12) (0.16)
GBP/INR(Spot) 96.50 96.56 (0.06) (0.06)
GBP/INR(NseJune) 96.80 97.40 (0.60) (0.62)
JPY/INR(NseJune) 62.84 62.40 0.44 0.70
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 63 levels on hourly chart.
In addition, on four hourly chart price has formed hanging
man candle stick pattern , which is bearish reversal pattern.
On hourly chart, momentum oscillator RSI has moved below
60 levels, which gives negative confirmation 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 62.50 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 67.10 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 67.20 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 66.50 lev-
els in few trading sessions.
Currency Highlights
10th
June’2016
USDINR JPYINR
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
USDINR 66.37 66.62 66.78 66.87 67.03 67.12 67.37
JPYINR 61.90 62.32 62.58 62.74 63.00 63.16 63.58

3. Pivot levels for the Day
Currency Highlights
10th
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 75.50
levels in the coming trading sessions.
Technical View:
The prices have been moving in rising channel formation
form past few weeks and price has taken support of its low-
er band of its channel pattern at 97 levels on daily chart.
The pair has formed Moring star candle stick pattern on daily
chart, which is bullish pattern.
On the other hand, Pair has been trading above its 50 hourly
exponential moving average which indicates that medium
term trend is remains bullish.
A momentum indicator RSI has moved above 45 levels on
daily chart, which suggest bullishness in the prices.
Moreover, momentum indicator MACD has shown positive
crossover on 4 hourly chart which support our bullish view
on the pair.
For now we expect prices should move higher towards 97.30
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 96.00 96.43 96.61 96.86 97.04 97.29 97.72
EURINR 75.45 75.76 75.87 76.07 76.18 76.38 76.69

4. Currency Highlights
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Economic Indicators
Date Time Data Prior Expected Impact
10.06.16 11:30am German Final CPI m/m 0.3% 0.3% Actual > Forecast = Good for
currency; EURINR
10.06.16 11:30am German WPI m/m 2.3% 2.3% Actual > Forecast = Good for
currency; EURINR
10.06.16 7:00am Prelim UoM Consumer Senti-
ment
94.7% -94.1% Actual > Forecast = Good for
currency; USDINR
10.06.16 12:30pm Prelim UoM Inflation Expecta-
tions
2.4% Actual > Forecast = Good for
currency; USDINR
10.06.16 2:00pm Federal Budget Balance 106.5B -56.2B Actual > Forecast = Good for
currency; USDINR
10th
June’2016

5. Currency Highlights
10th
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: 2016.06.10 08:32:10 +05'30'