#ChoiceBroking #CurrencyReports

1. Currency Highlights
05th
July’2016
HighLights:
 Indian Rupee appreciated by 5 paise to end at 67.27 on Monday
 US markets were shut yesterday on the eve of Independence Day
 Spanish Unemployment Change declined by 124,300 in last month
 UK’s Construction PMI declined by 5.2 points to 46-mark in June
 Euro Zone Sentix Investor Confidence plunged to 1.7-mark in July
Indian Rupee appreciated for fourth consecutive day and gained by 5 paise
to end at 67.27 against the US dollar on Monday. The currency appreciat-
ed on account of selling of dollars from exporters and banks. Further, up-
beat domestic market sentiments led to upside in the currency.
Additionally, inflow of fresh foreign funds coupled with healthy monsoon
continued with positive movement in the currency. For the current year,
the rupee has depreciated around 1.66 percent, while foreign institutional
investors (FIIs) have bought $2.96 billion in equity and sold $1.92 billion in
debt markets.
Indian Rupee moved in the range of 67.15 to 67.29 in Monday’s trading session. The Reserve Bank of India (RBI) fixed refer-
ence rate for the dollar was seen at 67.18 and Euro stood at 74.83 in Monday’s trade.
US Dollar Index plunged around 0.1 percent in Monday‘s trading session due to rise in risk appetite in global market senti-
ments which led to decline in demand for the low yielding currency. However, less volatility was observed as US markets were
shut yesterday on the event of Independence Day holiday.
Euro against dollar rose around 0.15 percent on Monday on account of weakness in the dollar index. Further, upbeat global
market sentiments led to positive movement in the currency. However, sharp upside in the currency was capped due to mixed
economic data from the region.
Spanish Unemployment Change declined by 124,300 in June as against a drop of 119,800 in May. Euro Zone Sentix Investor
Confidence plunged by 8.2 points to 1.7-mark in July from a rise of 9.9-level in June. Euro Zone Producer Price Index (PPI)
gained by 0.6 percent in May with respect to fall of 0.3 percent a month ago.
The Sterling Pound plunged marginally in Monday’s trade due to unfavourable economic data from the country. Further, Brit-
ain exiting the Euro Zone led to estimates that economy will go into recession kept pressure on the currency. However, sharp
fall in the currency was cushioned due to weaker dollar along with upbeat global market sentiments.
UK’s Construction Purchasing Managers' Index (PMI) declined by 5.2 points to 46-mark in June with respect to rise of 51.2-
level in May.
The Japanese Yen against dollar depreciated around 0.1 percent 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.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Last PrevCl. PriceChng PriceChng%
DollarIndex 95.73 95.71 0.02 0.02
USD/INR(Spot) 67.25 67.19 0.06 0.09
USD/INR(NseJuly) 67.49 67.60 (0.11) (0.16)
EUR/INR(Spot) 74.88 74.87 0.01 0.01
EUR/INR(NseJuly) 75.14 75.19 (0.05) (0.07)
GBP/INR(Spot) 89.39 89.10 0.29 0.32
GBP/INR(NseJuly) 89.70 90.02 (0.32) (0.36)
JPY/INR(NseJuly) 75.14 75.19 (0.05) (0.07)
MarketHighlights

2. Technical View:
The pair has shown breakout of its rising wedge pattern at
65.50 levels on daily chart. The price has retested its breakout
levels on daily chart, which indicates further upside momen-
tum in the prices.
In addition, on daily chart prices have been trading above its
21 daily exponential moving average which gives the positive
confirmation to the prices.
On daily chart, momentum oscillator RSI has remained above
60 levels, which gives positive confirmation to the prices.
A momentum indicator MACD has shown positive crossover
on daily chart, which indicates short term trend remains bull-
ish.
For now we expect prices to move higher towards 66.10 lev-
els in few trading sessions.
Pivot levels for the Day
Technical View:
The price has been trading in its rising channel formation
from past few months and price has faced resistance of its
upper band at 68.50 levels on daily chart. Price has faced re-
sistance of its horizontal trend line at 68 levels on daily.
Moreover, price have been trading below its 21 daily expo-
nential moving average which suggest near term remains
down. So any rally in the prices towards 67.85 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 signs on dai-
ly chart, which gives negative confirmation to the prices.
For now we expect prices to move lower towards 67.10 lev-
els in few trading sessions.
Currency Highlights
05th
July’2016
USDINR JPYINR
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
USDINR 67.11 67.30 67.40 67.49 67.59 67.68 67.87
JPYINR 65.31 65.51 65.63 65.71 65.83 65.91 66.11

3. Pivot levels for the Day
Currency Highlights
05th
July’2016
GBPINR EURINR
Technical View:
The price has shown breakout of its symmetrical triangle
patter at 75.50 levels on daily chart. he price has shown
breakdown of its rising channel pattern at 75.50 levels on
daily chart.
On the other hand, Pair has been trading below its 21 daily
exponential moving average which indicates that trend is
remains down.
A momentum oscillator RSI have been trading below 45 lev-
els on daily chart which gives the signs of bearishness to 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 74.30
levels in the coming trading sessions.
Technical View:
The price has shown breakdown of its horizontal channel
pattern at 94 levels on daily chart. So any rally in the prices
towards 91.50 level, used as selling opportunity.
On the other hand, pair has been trading below its 50 daily
exponential moving average which indicates that short term
trend is remains bearish.
The price has given breakdown of its horizontal trend line at
90.50 levels on daily chart.
A momentum indicator RSI has moved below 45 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 89
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 88.65 89.19 89.45 89.73 89.99 90.27 90.81
EURINR 74.53 74.80 74.97 75.07 75.24 75.34 75.61

4. Currency Highlights
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Economic Indicators
Date Time Data Prior Expected Impact
05.07.16 7:15am Caixin Services PMI 51.2 52.3 Actual > Forecast = Good for
Yuan
05.07.16 2:00pm Services PMI 53.5 53.1 Actual > Forecast = Good for
currency; GBPINR
05.07.16 3:00pm BOE Financial Stability Report
05.07.16 3:30pm BOE Gov Carney Speaks
05.07.16 7:30pm Factory Orders m/m 1.9% -0.7% Actual > Forecast = Good for
currency; USDINR
05th
July’2016

5. Currency Highlights
05th
July’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: 2016.07.05 08:48:38 +05'30'