SlideShare a Scribd company logo
Currency Highlights
07th
June’2016
HighLights:
 Indian Rupee rose for third consecutive day in Monday’s trade
 US Labor Market Conditions Index was at negative 4.8-mark in May
 German Factory Orders plunged by 2 percent in the month of April
 Euro Zone Sentix Investor Confidence jumped to 9.9-level in June
Indian Rupee appreciated for third consecutive day and gained sharply by
28 paise to end at 66.97 against the US dollar on Monday. The currency
had appreciated on account of selling of dollars by exporters and banks.
Additionally, robust capital inflows into equities and debts also led to ap-
preciation in the Indian Rupee.
However, sharp upside in the currency was capped due to weak domestic
market sentiments. On the economy front, Raghuram Rajan is expected to
maintain status quo in its bi-monthly monetary policy review on Tuesday.
Indian Rupee moved in the range of 66.8625 to 67.0525 in Monday’s trad-
ing session. The Reserve Bank of India (RBI) reference rate for dollar was
seen at 67.96 and Euro stood at 75.94 on Monday.
US Dollar Index fell marginally 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. Further, unfavourable economic data from the country kept pressure on the
currency.
US Labor Market Conditions Index was at negative 4.8-mark in May as against a fall of 3.4-level in April.
Euro against dollar gained around 0.1 percent on Monday on account of weakness in the dollar index coupled with mixed eco-
nomic data from the region. Further, upbeat global market sentiments led to positive movement in the currency.
German Factory Orders plunged by 2 percent in April as against a rise of 2.6 percent in March. Euro Zone Raw Materials Price
Index (RMPI) gained by 2.7 points to 50.6-mark in May from 47.9-level in April. Euro Zone Sentix Investor Confidence jumped
by 3.7 points to 9.9-level in June with respect to 6.2-mark in the last month.
The Sterling Pound rose around 0.5 percent in Monday’s trade on account of weaker dollar. Moreover, upbeat global market
sentiments led to positive movement in the currency.
The Japanese Yen against dollar depreciated around 0.75 percent in Monday’s trade due to rise in risk appetite in global mar-
ket 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 94.23 94.03 0.20 0.21
USD/INR(Spot) 67.02 66.99 0.03 0.04
USD/INR(NseJune) 67.27 67.54 (0.27) (0.40)
EUR/INR(Spot) 75.99 76.15 (0.16) (0.21)
EUR/INR(NseJune) 76.29 75.35 0.94 1.23
GBP/INR(Spot) 96.43 97.28 (0.85) (0.88)
GBP/INR(NseJune) 96.83 97.42 (0.59) (0.61)
JPY/INR(NseJune) 62.70 62.01 0.69 1.10
MarketHighlights
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 62.80 levels on hourly chart.
In addition, on four hourly chart price has formed bearish
harami pattern , which is bearish reversal pattern.
On hourly chart, momentum oscillator RSI has moved in over-
sold zone territory at 75 levels, which gives negative confir-
mation 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 62.20 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 67.30 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 67.40 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 67.40 lev-
els in few trading sessions.
Currency Highlights
07th
June’2016
USDINR JPYINR
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
USDINR 61.92 62.31 62.50 62.70 62.89 63.09 63.48
JPYINR 61.92 62.31 62.50 62.70 62.89 63.09 63.48
Pivot levels for the Day
Currency Highlights
07th
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 75.60
levels in the coming trading sessions.
Technical View:
The prices have been moving in rising channel formation
form past few days and price has shown breakdown of its
lower band of channel pattern at 97.50 levels on daily chart.
On the other hand, Pair has been trading below its 21 hourly
exponential moving average which indicates that medium
term trend is remains bearish.
A momentum indicator RSI has moved below 60 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 96.50
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 95.49 96.17 96.50 96.85 97.18 97.53 98.21
EURINR 75.53 75.87 76.08 76.21 76.42 76.55 76.89
Currency Highlights
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Economic Indicators
Date Time Data Prior Expected Impact
07.06.16 1:00pm Halifax HPI m/m -0.8% 0.3% Actual > Forecast = Good for
currency; EURINR
07.06.16 6:00pm Revised Nonfarm Productivity
q/q
-1.0% -0.6% Actual > Forecast = Good for
currency; USDINR
07th
June’2016
Currency Highlights
07th
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: 2016.06.07 08:27:02 +05'30'

More Related Content

What's hot

Currency high lights 04.07.16
Currency high lights 04.07.16Currency high lights 04.07.16
Currency high lights 04.07.16
Choice Equity
 
Currency high lights 07.03.17
Currency high lights 07.03.17Currency high lights 07.03.17
Currency high lights 07.03.17
choice broking
 
Currency high lights 20.03.17
Currency high lights 20.03.17 Currency high lights 20.03.17
Currency high lights 20.03.17
Choice Equity
 
Currency high lights 26.10.16
Currency high lights 26.10.16Currency high lights 26.10.16
Currency high lights 26.10.16
Choice Equity
 
Currency high lights 21.06.16
Currency high lights 21.06.16Currency high lights 21.06.16
Currency high lights 21.06.16
Choice Equity
 
Currency high lights 20.12.16
Currency high lights 20.12.16Currency high lights 20.12.16
Currency high lights 20.12.16
choice broking
 
Currency high lights 20.05.16
Currency high lights 20.05.16Currency high lights 20.05.16
Currency high lights 20.05.16
Choice Equity
 
Currency high lights 25.10.16
Currency high lights 25.10.16Currency high lights 25.10.16
Currency high lights 25.10.16
Choice Equity
 
Currency high lights 18.07.16
Currency high lights 18.07.16Currency high lights 18.07.16
Currency high lights 18.07.16
Choice Equity
 
Currency high lights 03.08.16
Currency high lights 03.08.16Currency high lights 03.08.16
Currency high lights 03.08.16
Choice Equity
 
Currency high lights 03.01.17
Currency high lights 03.01.17Currency high lights 03.01.17
Currency high lights 03.01.17
Choice Equity
 
Currency high lights 21.12.16
Currency high lights 21.12.16Currency high lights 21.12.16
Currency high lights 21.12.16
Choice Equity
 
Currency high lights 20.07.16
Currency high lights 20.07.16Currency high lights 20.07.16
Currency high lights 20.07.16
Choice Equity
 
Currency high lights 03.06.16
Currency high lights 03.06.16Currency high lights 03.06.16
Currency high lights 03.06.16
Choice Equity
 
Currency high lights 03.04.17
Currency high lights 03.04.17 Currency high lights 03.04.17
Currency high lights 03.04.17
Choice Equity
 
Currency high lights 10.11.16
Currency high lights 10.11.16Currency high lights 10.11.16
Currency high lights 10.11.16
Choice Equity
 
Currency high lights 14.06.16
Currency high lights 14.06.16Currency high lights 14.06.16
Currency high lights 14.06.16
Choice Equity
 
Aaj ka trend 03.06.16
Aaj ka trend 03.06.16Aaj ka trend 03.06.16
Aaj ka trend 03.06.16
Choice Equity
 
Currency high lights 07.10.16
Currency high lights 07.10.16Currency high lights 07.10.16
Currency high lights 07.10.16
Choice Equity
 
Currency high lights 30.05.16
Currency high lights 30.05.16Currency high lights 30.05.16
Currency high lights 30.05.16
Choice Equity
 

What's hot (20)

Currency high lights 04.07.16
Currency high lights 04.07.16Currency high lights 04.07.16
Currency high lights 04.07.16
 
Currency high lights 07.03.17
Currency high lights 07.03.17Currency high lights 07.03.17
Currency high lights 07.03.17
 
Currency high lights 20.03.17
Currency high lights 20.03.17 Currency high lights 20.03.17
Currency high lights 20.03.17
 
Currency high lights 26.10.16
Currency high lights 26.10.16Currency high lights 26.10.16
Currency high lights 26.10.16
 
Currency high lights 21.06.16
Currency high lights 21.06.16Currency high lights 21.06.16
Currency high lights 21.06.16
 
Currency high lights 20.12.16
Currency high lights 20.12.16Currency high lights 20.12.16
Currency high lights 20.12.16
 
Currency high lights 20.05.16
Currency high lights 20.05.16Currency high lights 20.05.16
Currency high lights 20.05.16
 
Currency high lights 25.10.16
Currency high lights 25.10.16Currency high lights 25.10.16
Currency high lights 25.10.16
 
Currency high lights 18.07.16
Currency high lights 18.07.16Currency high lights 18.07.16
Currency high lights 18.07.16
 
Currency high lights 03.08.16
Currency high lights 03.08.16Currency high lights 03.08.16
Currency high lights 03.08.16
 
Currency high lights 03.01.17
Currency high lights 03.01.17Currency high lights 03.01.17
Currency high lights 03.01.17
 
Currency high lights 21.12.16
Currency high lights 21.12.16Currency high lights 21.12.16
Currency high lights 21.12.16
 
Currency high lights 20.07.16
Currency high lights 20.07.16Currency high lights 20.07.16
Currency high lights 20.07.16
 
Currency high lights 03.06.16
Currency high lights 03.06.16Currency high lights 03.06.16
Currency high lights 03.06.16
 
Currency high lights 03.04.17
Currency high lights 03.04.17 Currency high lights 03.04.17
Currency high lights 03.04.17
 
Currency high lights 10.11.16
Currency high lights 10.11.16Currency high lights 10.11.16
Currency high lights 10.11.16
 
Currency high lights 14.06.16
Currency high lights 14.06.16Currency high lights 14.06.16
Currency high lights 14.06.16
 
Aaj ka trend 03.06.16
Aaj ka trend 03.06.16Aaj ka trend 03.06.16
Aaj ka trend 03.06.16
 
Currency high lights 07.10.16
Currency high lights 07.10.16Currency high lights 07.10.16
Currency high lights 07.10.16
 
Currency high lights 30.05.16
Currency high lights 30.05.16Currency high lights 30.05.16
Currency high lights 30.05.16
 

Similar to Currency high lights 07.06.16

Currency high lights 26.05.16
Currency high lights 26.05.16Currency high lights 26.05.16
Currency high lights 26.05.16
Choice Equity
 
Currency high lights 22.06.16
Currency high lights 22.06.16Currency high lights 22.06.16
Currency high lights 22.06.16
Choice Equity
 
Currency high lights 24.05.16
Currency high lights 24.05.16Currency high lights 24.05.16
Currency high lights 24.05.16
Choice Equity
 
Currency high lights 01.06.16
Currency high lights 01.06.16Currency high lights 01.06.16
Currency high lights 01.06.16
choice broking
 
Currency high lights 01.08.16
Currency high lights 01.08.16Currency high lights 01.08.16
Currency high lights 01.08.16
Choice Equity
 
Currency high lights 07.02.17
Currency high lights 07.02.17Currency high lights 07.02.17
Currency high lights 07.02.17
Choice Equity
 
Currency high lights 07.07.16
Currency high lights 07.07.16Currency high lights 07.07.16
Currency high lights 07.07.16
Choice Equity
 
Currency high lights 28.06.16
Currency high lights 28.06.16Currency high lights 28.06.16
Currency high lights 28.06.16
Choice Equity
 
Currency high lights 23.02.17
Currency high lights 23.02.17Currency high lights 23.02.17
Currency high lights 23.02.17
choice broking
 
Currency high lights 13.06.16
Currency high lights 13.06.16Currency high lights 13.06.16
Currency high lights 13.06.16
Choice Equity
 
Currency high lights 29.08.16
Currency high lights 29.08.16Currency high lights 29.08.16
Currency high lights 29.08.16
Choice Equity
 
Currency high lights 03.02.17
Currency high lights 03.02.17Currency high lights 03.02.17
Currency high lights 03.02.17
Choice Equity
 
Currency high lights 19.05.16
Currency high lights 19.05.16Currency high lights 19.05.16
Currency high lights 19.05.16
Choice Equity
 
Currency high lights 27.06.16
Currency high lights 27.06.16Currency high lights 27.06.16
Currency high lights 27.06.16
Choice Equity
 
Currency high lights 02.08.16
Currency high lights 02.08.16Currency high lights 02.08.16
Currency high lights 02.08.16
Choice Equity
 
Currency high lights 22.02.17
Currency high lights 22.02.17Currency high lights 22.02.17
Currency high lights 22.02.17
choice broking
 
Currency high lights 05.07.16
Currency high lights 05.07.16Currency high lights 05.07.16
Currency high lights 05.07.16
Choice Equity
 
Currency high lights 19.07.16
Currency high lights 19.07.16Currency high lights 19.07.16
Currency high lights 19.07.16
Choice Equity
 
Currency high lights 17.05.16
Currency high lights 17.05.16Currency high lights 17.05.16
Currency high lights 17.05.16
Choice Equity
 
Currency high lights 26.12.16
Currency high lights 26.12.16Currency high lights 26.12.16
Currency high lights 26.12.16
Choice Equity
 

Similar to Currency high lights 07.06.16 (20)

Currency high lights 26.05.16
Currency high lights 26.05.16Currency high lights 26.05.16
Currency high lights 26.05.16
 
Currency high lights 22.06.16
Currency high lights 22.06.16Currency high lights 22.06.16
Currency high lights 22.06.16
 
Currency high lights 24.05.16
Currency high lights 24.05.16Currency high lights 24.05.16
Currency high lights 24.05.16
 
Currency high lights 01.06.16
Currency high lights 01.06.16Currency high lights 01.06.16
Currency high lights 01.06.16
 
Currency high lights 01.08.16
Currency high lights 01.08.16Currency high lights 01.08.16
Currency high lights 01.08.16
 
Currency high lights 07.02.17
Currency high lights 07.02.17Currency high lights 07.02.17
Currency high lights 07.02.17
 
Currency high lights 07.07.16
Currency high lights 07.07.16Currency high lights 07.07.16
Currency high lights 07.07.16
 
Currency high lights 28.06.16
Currency high lights 28.06.16Currency high lights 28.06.16
Currency high lights 28.06.16
 
Currency high lights 23.02.17
Currency high lights 23.02.17Currency high lights 23.02.17
Currency high lights 23.02.17
 
Currency high lights 13.06.16
Currency high lights 13.06.16Currency high lights 13.06.16
Currency high lights 13.06.16
 
Currency high lights 29.08.16
Currency high lights 29.08.16Currency high lights 29.08.16
Currency high lights 29.08.16
 
Currency high lights 03.02.17
Currency high lights 03.02.17Currency high lights 03.02.17
Currency high lights 03.02.17
 
Currency high lights 19.05.16
Currency high lights 19.05.16Currency high lights 19.05.16
Currency high lights 19.05.16
 
Currency high lights 27.06.16
Currency high lights 27.06.16Currency high lights 27.06.16
Currency high lights 27.06.16
 
Currency high lights 02.08.16
Currency high lights 02.08.16Currency high lights 02.08.16
Currency high lights 02.08.16
 
Currency high lights 22.02.17
Currency high lights 22.02.17Currency high lights 22.02.17
Currency high lights 22.02.17
 
Currency high lights 05.07.16
Currency high lights 05.07.16Currency high lights 05.07.16
Currency high lights 05.07.16
 
Currency high lights 19.07.16
Currency high lights 19.07.16Currency high lights 19.07.16
Currency high lights 19.07.16
 
Currency high lights 17.05.16
Currency high lights 17.05.16Currency high lights 17.05.16
Currency high lights 17.05.16
 
Currency high lights 26.12.16
Currency high lights 26.12.16Currency high lights 26.12.16
Currency high lights 26.12.16
 

Recently uploaded

Summary of financial results for 1Q2024
Summary of financial  results for 1Q2024Summary of financial  results for 1Q2024
Summary of financial results for 1Q2024
InterCars
 
managementaccountingunitiv-230422140105-dd17d80b.ppt
managementaccountingunitiv-230422140105-dd17d80b.pptmanagementaccountingunitiv-230422140105-dd17d80b.ppt
managementaccountingunitiv-230422140105-dd17d80b.ppt
SuseelaPalanimuthu
 
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Quotidiano Piemontese
 
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
Falcon Invoice Discounting
 
Isios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdfIsios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdf
Henry Tapper
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
Avanish Goel
 
Scope Of Macroeconomics introduction and basic theories
Scope Of Macroeconomics introduction and basic theoriesScope Of Macroeconomics introduction and basic theories
Scope Of Macroeconomics introduction and basic theories
nomankalyar153
 
Chương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdfChương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdf
va2132004
 
Introduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.pptIntroduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.ppt
VishnuVenugopal84
 
what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024
DOT TECH
 
BYD SWOT Analysis and In-Depth Insights 2024.pptx
BYD SWOT Analysis and In-Depth Insights 2024.pptxBYD SWOT Analysis and In-Depth Insights 2024.pptx
BYD SWOT Analysis and In-Depth Insights 2024.pptx
mikemetalprod
 
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
muslimdavidovich670
 
PF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptxPF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptx
GunjanSharma28848
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
shetivia
 
how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.
DOT TECH
 
how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.
DOT TECH
 
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Vighnesh Shashtri
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
DOT TECH
 
The European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population agingThe European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population aging
GRAPE
 
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
DOT TECH
 

Recently uploaded (20)

Summary of financial results for 1Q2024
Summary of financial  results for 1Q2024Summary of financial  results for 1Q2024
Summary of financial results for 1Q2024
 
managementaccountingunitiv-230422140105-dd17d80b.ppt
managementaccountingunitiv-230422140105-dd17d80b.pptmanagementaccountingunitiv-230422140105-dd17d80b.ppt
managementaccountingunitiv-230422140105-dd17d80b.ppt
 
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
 
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
 
Isios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdfIsios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdf
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
 
Scope Of Macroeconomics introduction and basic theories
Scope Of Macroeconomics introduction and basic theoriesScope Of Macroeconomics introduction and basic theories
Scope Of Macroeconomics introduction and basic theories
 
Chương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdfChương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdf
 
Introduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.pptIntroduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.ppt
 
what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024
 
BYD SWOT Analysis and In-Depth Insights 2024.pptx
BYD SWOT Analysis and In-Depth Insights 2024.pptxBYD SWOT Analysis and In-Depth Insights 2024.pptx
BYD SWOT Analysis and In-Depth Insights 2024.pptx
 
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
 
PF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptxPF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptx
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
 
how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.
 
how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.
 
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
 
The European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population agingThe European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population aging
 
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
 

Currency high lights 07.06.16

  • 1. Currency Highlights 07th June’2016 HighLights:  Indian Rupee rose for third consecutive day in Monday’s trade  US Labor Market Conditions Index was at negative 4.8-mark in May  German Factory Orders plunged by 2 percent in the month of April  Euro Zone Sentix Investor Confidence jumped to 9.9-level in June Indian Rupee appreciated for third consecutive day and gained sharply by 28 paise to end at 66.97 against the US dollar on Monday. The currency had appreciated on account of selling of dollars by exporters and banks. Additionally, robust capital inflows into equities and debts also led to ap- preciation in the Indian Rupee. However, sharp upside in the currency was capped due to weak domestic market sentiments. On the economy front, Raghuram Rajan is expected to maintain status quo in its bi-monthly monetary policy review on Tuesday. Indian Rupee moved in the range of 66.8625 to 67.0525 in Monday’s trad- ing session. The Reserve Bank of India (RBI) reference rate for dollar was seen at 67.96 and Euro stood at 75.94 on Monday. US Dollar Index fell marginally 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. Further, unfavourable economic data from the country kept pressure on the currency. US Labor Market Conditions Index was at negative 4.8-mark in May as against a fall of 3.4-level in April. Euro against dollar gained around 0.1 percent on Monday on account of weakness in the dollar index coupled with mixed eco- nomic data from the region. Further, upbeat global market sentiments led to positive movement in the currency. German Factory Orders plunged by 2 percent in April as against a rise of 2.6 percent in March. Euro Zone Raw Materials Price Index (RMPI) gained by 2.7 points to 50.6-mark in May from 47.9-level in April. Euro Zone Sentix Investor Confidence jumped by 3.7 points to 9.9-level in June with respect to 6.2-mark in the last month. The Sterling Pound rose around 0.5 percent in Monday’s trade on account of weaker dollar. Moreover, upbeat global market sentiments led to positive movement in the currency. The Japanese Yen against dollar depreciated around 0.75 percent in Monday’s trade due to rise in risk appetite in global mar- ket 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 94.23 94.03 0.20 0.21 USD/INR(Spot) 67.02 66.99 0.03 0.04 USD/INR(NseJune) 67.27 67.54 (0.27) (0.40) EUR/INR(Spot) 75.99 76.15 (0.16) (0.21) EUR/INR(NseJune) 76.29 75.35 0.94 1.23 GBP/INR(Spot) 96.43 97.28 (0.85) (0.88) GBP/INR(NseJune) 96.83 97.42 (0.59) (0.61) JPY/INR(NseJune) 62.70 62.01 0.69 1.10 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 62.80 levels on hourly chart. In addition, on four hourly chart price has formed bearish harami pattern , which is bearish reversal pattern. On hourly chart, momentum oscillator RSI has moved in over- sold zone territory at 75 levels, which gives negative confir- mation 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 62.20 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 67.30 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 67.40 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 67.40 lev- els in few trading sessions. Currency Highlights 07th June’2016 USDINR JPYINR SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds S3 S2 S1 Pivot R1 R2 R3 USDINR 61.92 62.31 62.50 62.70 62.89 63.09 63.48 JPYINR 61.92 62.31 62.50 62.70 62.89 63.09 63.48
  • 3. Pivot levels for the Day Currency Highlights 07th 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 75.60 levels in the coming trading sessions. Technical View: The prices have been moving in rising channel formation form past few days and price has shown breakdown of its lower band of channel pattern at 97.50 levels on daily chart. On the other hand, Pair has been trading below its 21 hourly exponential moving average which indicates that medium term trend is remains bearish. A momentum indicator RSI has moved below 60 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 96.50 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 95.49 96.17 96.50 96.85 97.18 97.53 98.21 EURINR 75.53 75.87 76.08 76.21 76.42 76.55 76.89
  • 4. Currency Highlights SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds Economic Indicators Date Time Data Prior Expected Impact 07.06.16 1:00pm Halifax HPI m/m -0.8% 0.3% Actual > Forecast = Good for currency; EURINR 07.06.16 6:00pm Revised Nonfarm Productivity q/q -1.0% -0.6% Actual > Forecast = Good for currency; USDINR 07th June’2016
  • 5. Currency Highlights 07th 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: 2016.06.07 08:27:02 +05'30'