#ChoiceBroking #CurrencyHighlights

1. Currency Highlights
14th
Feb’2017
HighLights:
The dollar was higher against the yen on Monday amid relief that a
weekend summit meeting between U.S. President Donald Trump
and Japanese Prime Minister Shinzo Abe went better than feared.
In the meeting with Abe, Trump avoided repeating accusations that
Tokyo uses monetary policy to devalue its currency to the disad-
vantage of the U.S. and takes advantage of U.S. security aid.
Abe and Trump also agreed to hold an economic dialogue after Trump
withdrew the U.S. from the Trans-Pacific Partnership agreement.
Market sentiment was also boosted after Trump agreed to honor the
"one China" policyduring a phone call with China's leader Xi Jinping on
Thursday.
The U.S. dollar index, which measures the greenback’s strength
against a trade-weighted basket of six major currencies, was steady
100.65 not far from the eleven-day highs of 101.02 set on Friday.
Demand for the dollar continued to be underpinned after remarks from Trump indicated that his administration would soon
reform tax policy.
Trump said Thursday he would be announcing something over the next two or three weeks that would be “phenomenal” in
terms of tax, without providing any additional details.
The euro edged higher against the dollar, with EUR/USD rising 0.14% to 1.0654 as investors continued to watch events in
Greece as efforts continued to reach a deal on its next bailout payment before February 20th.
The single currency also remained under pressure amid fears over the possibility of a Brexit or Trump-style shock result
in France’s upcoming presidential election.
USD/JPY witnessed a bullish opening on Monday and stormed it way through 114 handle, before running into offers near
114.20 to reverse the risk-on rally back below 114 levels.
The spot is now seen consolidating the Asian up move, while the bulls struggle hard to regain 114 handle amid stalled broad
based US dollar buying. The rally in the major was mainly driven by higher treasury yields, with investors taking advantage of a
better risk environment, spurred by peaceful talks between Trump and Abe over the weekend.
The pair met extra buying pressure at the beginning of the week, prompting the pair to extend further north its breakout of
the critical barrier at 1.2500 the figure.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Last PrevCl. PriceChng PriceChng%
DollarIndex 100.77 100.72 0.05 0.05
USD/INR(Spot) 67.01 66.84 0.17 0.25
USD/INR(NseFeb) 67.09 66.97 0.12 0.18
EUR/INR(Spot) 71.29 71.13 0.16 0.22
EUR/INR(NseFeb) 71.45 71.38 0.07 0.10
GBP/INR(Spot) 83.84 83.48 0.36 0.43
GBP/INR(NseFeb) 84.04 83.73 0.31 0.37
JPY/INR(NseFeb) 59.04 59.07 (0.03) (0.05)
MarketHighlights

2. Technical View:
On a daily chart, the pair has given the breakdown of its
rising channel pattern at 59.50 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 a lack of strength in the
prices on the hourly chart.
So for trading perspective, one can JPYINR sell in the
range of 59.15 with SL of 59.45 for the target of 58.50
levels.
Pivot levels for the Day
Technical View:
The pair has been trading in falling channel pattern from
past few weeks and price has taken the support of its
lower band of channel pattern at 66.70 levels on the
hourly chart.
Moreover, prices have been trading above its 21 HSMA
which gives the sign of bullishness in the prices.
A momentum indicator RSI has taken support at 25 lev-
els, which suggest further positive momentum can be
seen in the prices.
In addition, momentum indicator MACD has shown pos-
itive crossover and moving above its signal line on an
hourly chart.
So for trading perspective, one can buy USDINR in range
67.05 with SL of 66.80 for the target of 67.50.
Currency Highlights
14th
Feb’2017
USDINR JPYINR
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
USDINR 66.72 66.89 66.99 67.06 67.16 67.23 67.40
JPYINR 58.48 58.74 58.89 59.00 59.15 59.26 59.52

3. Pivot levels for the Day
Currency Highlights
14th
Feb’2017
GBPINR EURINR
Technical View:
The prices have been trading in falling channel pattern
from past few months and price has faced the re-
sistance of its upper band of channel pattern at 73 lev-
els on a daily chart.
The pair has been trading below its 21 DSMA 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 suggests
bearishness in the prices.
A momentum indicator MACD has shown negative
crossover on the hourly chart, which supports our bear-
ish view on the prices.
For now, we can expect prices should move lower to-
wards 70.70 levels in the coming trading session.
Technical View:
The pair has been trading in symmetrical triangle for-
mation from past few weeks and price has faced the
resistance of its upper band of the pattern at 85.80 lev-
els 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 83.20 levels coming trading sessions.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
GBPINR 83.21 83.58 83.81 83.95 84.18 84.32 84.69
EURINR 70.77 71.08 71.27 71.39 71.58 71.70 72.01

4. Currency Highlights
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
14th
Feb’2017
Economic Indicators
Date Time Data Prior Expected Impact
14.02.17 07:00 AM CPI y/y 2.1% 2.4% Actual > Forecast = Good for
currency; CNY
14.02.17 07:00 AM PPI y/y 5.5% 6.6% Actual > Forecast = Good for
currency; CNY
14.02.17 12:30 PM German Prelim GDP q/q 0.2% 0.5% Actual > Forecast = Good for
currency; EURINR
14.02.17 03:00 PM CPI y/y 1.6% 1.9% Actual > Forecast = Good for
currency; GBPINR
14.02.17 07:00 PM PPI m/m 105.8 105.1 Actual > Forecast = Good for
currency; USDINR
14.02.17 11:30 PM Fed Chair Yellen Speaks More hawkish than expected =
Good for currency; USDINR

5. Currency Highlights
14th
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: 2017.02.13 20:24:01 +05'30'