The document provides a daily technical and fundamental analysis summary of the USDINR, EURINR, GBPINR, JPYINR currency pairs. On the technical front, it analyzes daily price charts and indicators like Bollinger Bands and RSI. Fundamentally, it discusses recent economic data releases from the US and Europe and their impact on the currency pairs. Buy and sell levels are provided for each pair based on the technical outlook. Upcoming economic indicators and their expected impact are also listed.

1. 27th Nov’14 Currency Highlights
USDINR
Technical Outlook:
 USDINR prices traded in sideways to
positive throughout the trading session.
Where the daily range was 0.11 paisa. On
daily time frame prices have formed Doji
which indicates indecision in prices.
 On daily timeframe prices are trading
above the center band of the Bollinger
band which could act as a support for
prices to move higher.
 Prices have taken support near the 50%
retracement level of the up move of the
previous up move from 62.05 – 62.42
levels which could act as an immediate
support for the prices to move higher.
Fundamental News:
 The dollar declined further against a basket of other major currencies on Wednesday, as the release of a series of below forecast U.S. economic reports continued to weigh on demand for the greenback.
 The drop in the dollar came after the Labor Department reported that the number of Americans filing new applications for unemployment benefits rose to 313,000 last week, a gain of 21,000. It was the highest level since early September.
 At the same time, official data showed that U.S. personal spending rose 0.2% in October, below forecasts for an increase 0.4%. Personal income rose also rose 0.2%, falling short of forecasts of 0.4%.
 Another report showed that durable goods orders rose 0.4% last month, compared to expectations for a decline of 0.4%, but core durable goods orders fell 0.9%, against forecasts for a 0.5% gain.
Buy Levels: 62.20 - 62.15
Sell Levels: 62.45 - 62.50 Economic Indicators Date Time Data Prior Expected Impact
26.11.14
No Data For USD Today

2. 27th Nov’14 Currency Highlights
EURINR
Technical Outlook:
 Prices have taken resistance near the 50%
retracement level of the previous down
move from 78.60 – 76.91 levels and moved
lower.
 On daily timeframe, prices have formed
Doji with high volume which has taken
resistance near the center band of the
Bollinger band which indicates bearishness
in the prices.
 On smaller timeframe, The momentum
indicator, RSI has moved below 40 levels
which indicates lack of momentum in
prices.
Fundamental News:
 The euro rose to session highs against the U.S. dollar on Wednesday after a series of weak economic reports indicated that the rate of the U.S. recovery could slow in the fourth quarter.
 EUR/USD was up 0.27% to 1.2510, off the lows of 1.2444 struck earlier in the session. The number of continuing claims fell to a 14-year low of 2.31 million, indicating that the jobs market is still recovering.
 The University of Michigan’s consumer sentiment index was revised to 88.8, up from 86.9 in October but below the preliminary estimate of 89.4.
Buy Levels: 77.20 – 77.15
Sell Levels: 77.50 – 77.55 Economic Indicators Date Time Data Prior Expected Impact
27.11.14
1.30 PM Spanish Flash CPI y/y
-0.1%
-0.3%
Actual > Expected=Good for EUR
27.11.14
2.25 PM German Unemployment Change
-22K
-1K
Actual > Expected=Good for EUR
27.11.14
2.30 PM M3 Money Supply y/y
2.5%
2.6%
Actual > Expected=Good for EUR
27.11.14
2.30 PM Private Loans y/y
-1.2%
-1.0%
Actual > Expected=Good for EUR

3. 27th Nov’14 Currency Highlights
GBPINR
Technical Outlook:
 GBPINR prices traded in a range while
in the last hour of the trading session,
prices gaped and given close above
the upper band of the range i.e. 97.80
levels.
 On hourly timeframe the momentum
indicator, RSI has moved above 60
levels which indicate momentum in
prices.
 Bullish candlestick on daily chart
suggests strength in prices which
could inch prices higher for the test of
center band of the Bollinger band.
Fundamental News:
 The pound slipped lower against the U.S. dollar on Wednesday, after U.K. third quarter economic growth data came out in line with market expectations, as investors eyed a flurry of U.S. economic reports to be released later in the day.
 GBP/USD hit 1.5694 during European morning trade, the session low; the pair subsequently consolidated at 1.5690, easing 0.11%.
 In a report, the Office for National Statistics said U.K. gross domestic product expanded by 0.7% in the third quarter, unchanged from an initial estimate and in line with expectations. The U.K.’s economy grew by 0.9% in the previous quarter.
 The U.K. economy grew at an annualized rate of 3.0% in the third quarter, unchanged from a preliminary reading, after expanding at an annualized rate of 3.2% in the three months to June.
Buy Levels: 97.85 – 97.90
Sell Levels: 98.20 – 98.15 Economic Indicators Date Time Data Prior Expected Impact
26.11.14
No Data For GBP Today

4. 27th Nov’14 Currency Highlights
JPYINR
Technical Outlook:
 JPYINR prices are trading in small
range where upper band is at 53 and
lower band is at 52.68 levels.
 On smaller timeframe, the momentum
indicator, RSI is at 60 levels.
 For now sell at higher band of the
consolidation at 53 and buy on lower
band at 52.68 levels could be good
trading strategy until prices are
trading in the range mentioned range.
 On daily timeframe prices have
formed Doji which also states
indecision in prices.
Fundamental News:  A tepid mix of U.S. economic indicators sent the dollar weakening against the yen on Wednesday, leaving investors questioning the strength of U.S. recovery and the timing of Federal Reserve rate hikes next year.
 In U.S. trading, USD/JPY was down 0.25% at 117.68, up from a session low of 117.44 and off a high of 117.98.
 The Labor Department reported earlier that the number of individuals filing new applications for unemployment benefits rose to 313,000 last week, a gain of 21,000. It was the highest level since early September, confounding market calls for a decrease of 5,000.
 The number of continuing claims fell to a 14-year low of 2.31 million, indicating that the jobs market is still recovering.
Buy Levels: 52.65 – 52.70
Sell Levels: 53.00 – 53.05 Economic Indicators Date Time Data Prior Expected Impact
26.11.14
No Data For JPY Today

5. 27th Nov’14 Currency Highlights
AmitPawar (Research Associate) amit.pawar@choiceindia.com
RohanShinde (Research Associate) rohan.shinde@choiceindia.com
DeveyaGaglani (Research Advisor) deveya.gaglani@chocieindia.com
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6. 27th Nov’14 Currency Highlights
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