SlideShare a Scribd company logo
Currency Highlights
09th
Nov’2016
HighLights:
 Indian Rupee rose to one month high to end at 66.62 on Tuesday
 US JOLTS Job Openings rose to 5.49 million in September month
 German Industrial Production fell by 1.8 percent in September
 UK’s Manufacturing Production rose by 0.6 percent in September
Indian Rupee rose to one month high and appreciated around 12 paise
to end at 66.62 against the US dollar on Tuesday. The currency appre-
ciated on account of selling of dollars from banks and exporters. Fur-
ther, estimates of inflow of foreign funds from equities continued with
positive movement in the currency. Foreign portfolio investors (FPIs)
turned net buyers after their recent selling spree and bought shares
worth a net Rs.311.18 crore yesterday, as per provisional data.
Further, upbeat domestic market sentiments kept the currency in pos-
itive sentiments. Indian Rupee moved in the range of 66.6125 to 66.72
in Tuesday’s trade. The Reserve Bank of India (RBI) fixed reference
rate for the dollar was seen at 66.7073 and Euro stood at 73.6515 as
on 8th Nov’16.
In cross-currency trades, the rupee strengthened further against the pound sterling to finish at 82.73 from 82.92 and edged
higher against the euro to end at 73.61 as compared to 73.85 yesterday. It also made further ground against the Japanese yen
to settle at 63.69 from 63.92 per 100 yens earlier.
US Dollar Index rose around 0.1 percent in Tuesday’s trading session due to favourable economic data from the country. How-
ever, sharp upside in the currency was capped as a result of rise in risk appetite in global markets which led to decline in de-
mand for the low yielding currency. US National Federation of Independent Business (NFIB) Small Business Index grew by 0.8
points to 94.9-mark in October as against a rise of 94.1-level in September. Job Openings and Labor Turnover Summary (JOLTS)
Job Openings rose to 5.49 million in September with respect to 5.45 million in August.
Euro against dollar fell around 0.13 percent on Tuesday on account of strength in the dollar index. However, upbeat domestic
market sentiments along with mixed economic data from the region prevented sharp fall in the currency.
German Industrial Production plunged by 1.8 percent in September as against a rise of 3 percent a month ago. German Trade
Balance was at a surplus of 21.3 billion Euros in September from a surplus of 21.6 billion Euros in August. French Gov Budget
Balance was at a deficit of 83 billion Euros in September when compared to earlier deficit of 96 billion Euros in August. French
Trade Balance was at deficit of 4.8 billion Euros in September with respect to deficit of 4.2 billion Euros in August.
The Sterling Pound plunged around 0.14 percent in trade due to stronger dollar. However, upbeat global market sentiments
along with optimistic economic data from the country cushioned sharp downside in the currency. UK’s Manufacturing Produc-
tion increased by 0.6 percent in September when compared to 0.2 percent in August. Industrial Production plunged by 0.4 per-
cent in the month of September.
The Japanese Yen against dollar depreciated around 0.66 percent in Tuesday’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 97.68 97.74 (0.06) (0.06)
USD/INR(Spot) 66.63 66.74 (0.11) (0.17)
USD/INR(NseNov) 66.81 66.90 (0.09) (0.13)
EUR/INR(Spot) 73.60 73.68 (0.08) (0.11)
EUR/INR(NseNov) 73.86 74.11 (0.25) (0.34)
GBP/INR(Spot) 82.69 82.73 (0.04) (0.05)
GBP/INR(NseNov) 83.02 83.17 (0.15) (0.18)
JPY/INR(NseNov) 63.95 64.10 (0.15) (0.23)
MarketHighlights
Technical View:
On daily chart JPYINR prices have been trading in sym-
metrical triangle pattern and price has taken support of
its lower band at 64.10 levels.
Moreover, price has taken support of its horizontal
trend line at 64.50 levels on daily chart.
Furthermore, prices have been trading above its 50 DE-
MA, which suggest short term trend is positive.
On daily chart momentum indicator RSI is trading above
55 levels which suggest further bullishness can be seen
in the prices.
In addition, momentum indicator MACD has shown posi-
tive crossover on daily chart.
So for trading perspective, one could use buy in the
range of 63.90 with SL of 63.50 for target of 64.70 levels.
Pivot levels for the Day
Technical View:
The pair has been trading in falling channel pattern from
past few months and prices have been facing resistance
of its upper band at 67.30 levels on daily chart. On daily
USDINR prices have been facing resistance of its falling
trend line at 67.30 levels.
On the other hand, prices have been facing resistance of
falling trend line at 67.20 levels on daily chart.
Moreover, prices have been trading below 21 HEMA
which gives the sign of bearishness in the prices.
A momentum indictor RSI has traded below 60 levels,
which suggest further weakness in the prices.
In addition, momentum indicator MACD has shown neg-
ative crossover on daily chart.
So for trading perspective, one could sell in range 66.90
with SL of 67.30 for target of 66.30.
Currency Highlights
09th
Nov’2016
USDINR JPYINR
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
USDINR 66.62 66.73 66.77 66.84 66.88 66.95 67.06
JPYINR 63.62 63.82 63.88 64.02 64.08 64.22 64.42
Pivot levels for the Day
Currency Highlights
09th
Nov’2016
GBPINR EURINR
Technical View:
The EURINR pair has been trading in falling channel
pattern and prices have been taking support of its lower
band of channel pattern at 73.20 levels on daily chart.
On the other hand price has taken support of its hori-
zontal trend line at 73.80 levels on daily chart.
Moreover, prices have been trading above its 25 DE-
MA, which suggest short term trend is up.
On daily chart momentum oscillator RSI have been trad-
ing above 50 which suggest bullishness in the prices.
A momentum indicator MACD has shown positive cross-
over on daily chart, which add more bullishness in the
prices.
For now we can expect prices should move higher to-
wards 74.55 levels in the coming trading session.
Technical View:
The pair has been trading in falling channel pattern
form pas few months and price has given breakout of
its channel pattern at 83 levels on daily chart. Moreo-
ver, prices have been trading below 25 DEMA, which
suggest short term trend looks positive.
The price has formed bullish hammer candle stick
pattern on daily chart, which is bullish pattern.
A momentum indicator MADC has given positive Cross
over on hourly chart, which gives the sign of bullishness
in the prices.
The momentum indictor RSI has been trading above
50levels on daily chart, which suggest the possibilities
of bounce back in the in the prices.
For now we expect prices should move higher towards
83.60 levels coming trading sessions.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
GBPINR 82.31 82.68 82.83 83.05 83.20 83.42 83.79
EURINR 73.48 73.70 73.77 73.92 73.99 74.14 74.36
Currency Highlights
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
09th
Nov’2016
Economic Indicators
Date Time Data Prior Expected Impact
09.11.16 05:20 AM Current Account 1.98T 1.98T Actual > Forecast = Good
for currency; JPYINR
09.11.16 05:20 AM Bank Lending y/y 2.2% 2.2% Actual > Forecast = Good
for currency; JPYINR
09.11.16 07:00 AM CPI y/y 1.9% 2.1% Actual > Forecast = Good
for currency; CNY
09.11.16 07:00 AM PPI y/y 0.1% 0.9% Actual > Forecast = Good
for currency; CNY
09.11.16 09:00 PM Crude Oil Inventories 14.4M
Currency Highlights
09th
Nov’2016
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Anish Vyas
Digitally signed by Anish Vyas
DN: cn=Anish Vyas, o=Choice Merchandise Broking
Pvt. Ltd, ou=Sr. Research Associate,
email=anish.vyas@choiceindia.com, c=IN
Date: 2016.11.09 09:04:43 +05'30'

More Related Content

What's hot

Currency high lights 11.05.16
Currency high lights 11.05.16Currency high lights 11.05.16
Currency high lights 11.05.16
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 11.08.16
Currency high lights 11.08.16Currency high lights 11.08.16
Currency high lights 11.08.16
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 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 27.10.16
Currency high lights 27.10.16Currency high lights 27.10.16
Currency high lights 27.10.16
Choice Equity
 
Currency high lights 02.01.17
Currency high lights 02.01.17Currency high lights 02.01.17
Currency high lights 02.01.17
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 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 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 27.09.16
Currency high lights 27.09.16Currency high lights 27.09.16
Currency high lights 27.09.16
Choice Equity
 
Currency high lights 11.11.16
Currency high lights 11.11.16Currency high lights 11.11.16
Currency high lights 11.11.16
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 05.10.16
Currency high lights 05.10.16Currency high lights 05.10.16
Currency high lights 05.10.16
Choice Equity
 
Currency high lights 28.12.16
Currency high lights 28.12.16Currency high lights 28.12.16
Currency high lights 28.12.16
Choice Equity
 
Currency high lights 13.05.16
Currency high lights 13.05.16Currency high lights 13.05.16
Currency high lights 13.05.16
Choice Equity
 
Currency high lights 04.11.16
Currency high lights 04.11.16Currency high lights 04.11.16
Currency high lights 04.11.16
Choice Equity
 
Currency high lights 21.11.16
Currency high lights 21.11.16Currency high lights 21.11.16
Currency high lights 21.11.16
Choice Equity
 
Currency high lights 29.11.16
Currency high lights 29.11.16Currency high lights 29.11.16
Currency high lights 29.11.16
Choice Equity
 
Currency high lights 27.05.16
Currency high lights 27.05.16Currency high lights 27.05.16
Currency high lights 27.05.16
Choice Equity
 

What's hot (20)

Currency high lights 11.05.16
Currency high lights 11.05.16Currency high lights 11.05.16
Currency high lights 11.05.16
 
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 11.08.16
Currency high lights 11.08.16Currency high lights 11.08.16
Currency high lights 11.08.16
 
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 21.12.16
Currency high lights 21.12.16Currency high lights 21.12.16
Currency high lights 21.12.16
 
Currency high lights 27.10.16
Currency high lights 27.10.16Currency high lights 27.10.16
Currency high lights 27.10.16
 
Currency high lights 02.01.17
Currency high lights 02.01.17Currency high lights 02.01.17
Currency high lights 02.01.17
 
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 07.03.17
Currency high lights 07.03.17Currency high lights 07.03.17
Currency high lights 07.03.17
 
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 27.09.16
Currency high lights 27.09.16Currency high lights 27.09.16
Currency high lights 27.09.16
 
Currency high lights 11.11.16
Currency high lights 11.11.16Currency high lights 11.11.16
Currency high lights 11.11.16
 
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 05.10.16
Currency high lights 05.10.16Currency high lights 05.10.16
Currency high lights 05.10.16
 
Currency high lights 28.12.16
Currency high lights 28.12.16Currency high lights 28.12.16
Currency high lights 28.12.16
 
Currency high lights 13.05.16
Currency high lights 13.05.16Currency high lights 13.05.16
Currency high lights 13.05.16
 
Currency high lights 04.11.16
Currency high lights 04.11.16Currency high lights 04.11.16
Currency high lights 04.11.16
 
Currency high lights 21.11.16
Currency high lights 21.11.16Currency high lights 21.11.16
Currency high lights 21.11.16
 
Currency high lights 29.11.16
Currency high lights 29.11.16Currency high lights 29.11.16
Currency high lights 29.11.16
 
Currency high lights 27.05.16
Currency high lights 27.05.16Currency high lights 27.05.16
Currency high lights 27.05.16
 

Viewers also liked

Practica 1 Sociología.
Practica 1 Sociología.Practica 1 Sociología.
Practica 1 Sociología.nuria2512
 
Factores de riesgo físicos en una empresa
Factores de riesgo físicos en una empresaFactores de riesgo físicos en una empresa
Factores de riesgo físicos en una empresa
Carlos Quitian
 
Switi sranan
Switi srananSwiti sranan
Switi sranan
Gino Eersel
 
Programación gz 2015
Programación gz 2015Programación gz 2015
Programación gz 2015
gzconsultoresgerenciales
 
Laura Vassquez Photography
Laura Vassquez PhotographyLaura Vassquez Photography
Laura Vassquez Photography
Laura Fotografía
 
Agronomia de kevin puco
Agronomia de kevin pucoAgronomia de kevin puco
Agronomia de kevin pucoalejoapt
 
Glosario de términos sobre periodismo político
Glosario de términos sobre periodismo políticoGlosario de términos sobre periodismo político
Glosario de términos sobre periodismo políticojesusandrescermeno
 
González lópez,nuria.prácticas de pedagogía.
González lópez,nuria.prácticas de pedagogía.González lópez,nuria.prácticas de pedagogía.
González lópez,nuria.prácticas de pedagogía.nuria2512
 
This Land is Not Empty_web
This Land is Not Empty_webThis Land is Not Empty_web
This Land is Not Empty_webDon Pollack
 
Presentation
PresentationPresentation
Presentation
kaikikazuki
 
Aproximaciones creatividad en educacion
Aproximaciones creatividad en educacionAproximaciones creatividad en educacion
Aproximaciones creatividad en educacion
pocholon
 
Tarea4
Tarea4Tarea4
Caracterización
CaracterizaciónCaracterización
Caracterización
Laura Sanchez Orjuela
 
Save Me Deck
Save Me DeckSave Me Deck
Steve down
Steve downSteve down
Steve down
stevedown123
 
Aaj ka trend 10.11.16
Aaj ka trend 10.11.16Aaj ka trend 10.11.16
Aaj ka trend 10.11.16
Choice Equity
 

Viewers also liked (20)

Practica 1 Sociología.
Practica 1 Sociología.Practica 1 Sociología.
Practica 1 Sociología.
 
Factores de riesgo físicos en una empresa
Factores de riesgo físicos en una empresaFactores de riesgo físicos en una empresa
Factores de riesgo físicos en una empresa
 
Teorias administrativas
Teorias administrativasTeorias administrativas
Teorias administrativas
 
Switi sranan
Switi srananSwiti sranan
Switi sranan
 
Programación gz 2015
Programación gz 2015Programación gz 2015
Programación gz 2015
 
Aparato digestivo
Aparato digestivoAparato digestivo
Aparato digestivo
 
Laura Vassquez Photography
Laura Vassquez PhotographyLaura Vassquez Photography
Laura Vassquez Photography
 
Agronomia de kevin puco
Agronomia de kevin pucoAgronomia de kevin puco
Agronomia de kevin puco
 
Glosario de términos sobre periodismo político
Glosario de términos sobre periodismo políticoGlosario de términos sobre periodismo político
Glosario de términos sobre periodismo político
 
Semana Santa
Semana SantaSemana Santa
Semana Santa
 
González lópez,nuria.prácticas de pedagogía.
González lópez,nuria.prácticas de pedagogía.González lópez,nuria.prácticas de pedagogía.
González lópez,nuria.prácticas de pedagogía.
 
This Land is Not Empty_web
This Land is Not Empty_webThis Land is Not Empty_web
This Land is Not Empty_web
 
Presentation
PresentationPresentation
Presentation
 
Aproximaciones creatividad en educacion
Aproximaciones creatividad en educacionAproximaciones creatividad en educacion
Aproximaciones creatividad en educacion
 
Tarea4
Tarea4Tarea4
Tarea4
 
Oh
OhOh
Oh
 
Caracterización
CaracterizaciónCaracterización
Caracterización
 
Save Me Deck
Save Me DeckSave Me Deck
Save Me Deck
 
Steve down
Steve downSteve down
Steve down
 
Aaj ka trend 10.11.16
Aaj ka trend 10.11.16Aaj ka trend 10.11.16
Aaj ka trend 10.11.16
 

Similar to Currency high lights 09.11.16

Currency high lights 17.10.16
Currency high lights 17.10.16Currency high lights 17.10.16
Currency high lights 17.10.16
Choice Equity
 
Currency high lights 13.10.16
Currency high lights 13.10.16Currency high lights 13.10.16
Currency high lights 13.10.16
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 28.09.16
Currency high lights 28.09.16Currency high lights 28.09.16
Currency high lights 28.09.16
Choice Equity
 
Currency high lights 10.08.16
Currency high lights 10.08.16Currency high lights 10.08.16
Currency high lights 10.08.16
Choice Equity
 
Currency high lights 23.12.16
Currency high lights 23.12.16Currency high lights 23.12.16
Currency high lights 23.12.16
Choice Equity
 
Currency high lights 30.12.16
Currency high lights 30.12.16Currency high lights 30.12.16
Currency high lights 30.12.16
Choice Equity
 
Currency high lights 15.11.16
Currency high lights 15.11.16Currency high lights 15.11.16
Currency high lights 15.11.16
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
 
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 06.10.16
Currency high lights 06.10.16Currency high lights 06.10.16
Currency high lights 06.10.16
Choice Equity
 
Currency high lights 19.10.16
Currency high lights 19.10.16Currency high lights 19.10.16
Currency high lights 19.10.16
Choice Equity
 
Currency high lights 19.12.16
Currency high lights 19.12.16Currency high lights 19.12.16
Currency high lights 19.12.16
choice broking
 
Currency high lights 05.12.16
Currency high lights 05.12.16Currency high lights 05.12.16
Currency high lights 05.12.16
Choice Equity
 
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 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 16.11.16
Currency high lights 16.11.16Currency high lights 16.11.16
Currency high lights 16.11.16
Choice Equity
 
Currency high lights 29.09.16
Currency high lights 29.09.16Currency high lights 29.09.16
Currency high lights 29.09.16
Choice Equity
 
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 22.12.16
Currency high lights 22.12.16Currency high lights 22.12.16
Currency high lights 22.12.16
Choice Equity
 

Similar to Currency high lights 09.11.16 (20)

Currency high lights 17.10.16
Currency high lights 17.10.16Currency high lights 17.10.16
Currency high lights 17.10.16
 
Currency high lights 13.10.16
Currency high lights 13.10.16Currency high lights 13.10.16
Currency high lights 13.10.16
 
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 28.09.16
Currency high lights 28.09.16Currency high lights 28.09.16
Currency high lights 28.09.16
 
Currency high lights 10.08.16
Currency high lights 10.08.16Currency high lights 10.08.16
Currency high lights 10.08.16
 
Currency high lights 23.12.16
Currency high lights 23.12.16Currency high lights 23.12.16
Currency high lights 23.12.16
 
Currency high lights 30.12.16
Currency high lights 30.12.16Currency high lights 30.12.16
Currency high lights 30.12.16
 
Currency high lights 15.11.16
Currency high lights 15.11.16Currency high lights 15.11.16
Currency high lights 15.11.16
 
Currency high lights 26.12.16
Currency high lights 26.12.16Currency high lights 26.12.16
Currency high lights 26.12.16
 
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 06.10.16
Currency high lights 06.10.16Currency high lights 06.10.16
Currency high lights 06.10.16
 
Currency high lights 19.10.16
Currency high lights 19.10.16Currency high lights 19.10.16
Currency high lights 19.10.16
 
Currency high lights 19.12.16
Currency high lights 19.12.16Currency high lights 19.12.16
Currency high lights 19.12.16
 
Currency high lights 05.12.16
Currency high lights 05.12.16Currency high lights 05.12.16
Currency high lights 05.12.16
 
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 01.08.16
Currency high lights 01.08.16Currency high lights 01.08.16
Currency high lights 01.08.16
 
Currency high lights 16.11.16
Currency high lights 16.11.16Currency high lights 16.11.16
Currency high lights 16.11.16
 
Currency high lights 29.09.16
Currency high lights 29.09.16Currency high lights 29.09.16
Currency high lights 29.09.16
 
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 22.12.16
Currency high lights 22.12.16Currency high lights 22.12.16
Currency high lights 22.12.16
 

Recently uploaded

when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
DOT TECH
 
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal RiskFalcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting
 
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
 
Greek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business ReviewGreek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business Review
Antonis Zairis
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
Commercial Bank of Ceylon PLC
 
Which Crypto to Buy Today for Short-Term in May-June 2024.pdf
Which Crypto to Buy Today for Short-Term in May-June 2024.pdfWhich Crypto to Buy Today for Short-Term in May-June 2024.pdf
Which Crypto to Buy Today for Short-Term in May-June 2024.pdf
Kezex (KZX)
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
pchutichetpong
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
Antonis Zairis
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
Avanish Goel
 
MERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdfMERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdf
Sudarshan Dakuru
 
The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
DOT TECH
 
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
Amil Baba Dawood bangali
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
marketing367770
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
DOT TECH
 
Summary of financial results for 1Q2024
Summary of financial  results for 1Q2024Summary of financial  results for 1Q2024
Summary of financial results for 1Q2024
InterCars
 
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
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
shetivia
 
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
 
how to sell pi coins on Binance exchange
how to sell pi coins on Binance exchangehow to sell pi coins on Binance exchange
how to sell pi coins on Binance exchange
DOT TECH
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
ydubwyt
 

Recently uploaded (20)

when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
 
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal RiskFalcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
 
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
 
Greek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business ReviewGreek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business Review
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
 
Which Crypto to Buy Today for Short-Term in May-June 2024.pdf
Which Crypto to Buy Today for Short-Term in May-June 2024.pdfWhich Crypto to Buy Today for Short-Term in May-June 2024.pdf
Which Crypto to Buy Today for Short-Term in May-June 2024.pdf
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
 
MERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdfMERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdf
 
The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
 
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
 
Summary of financial results for 1Q2024
Summary of financial  results for 1Q2024Summary of financial  results for 1Q2024
Summary of financial results for 1Q2024
 
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.
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
 
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...
 
how to sell pi coins on Binance exchange
how to sell pi coins on Binance exchangehow to sell pi coins on Binance exchange
how to sell pi coins on Binance exchange
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
 

Currency high lights 09.11.16

  • 1. Currency Highlights 09th Nov’2016 HighLights:  Indian Rupee rose to one month high to end at 66.62 on Tuesday  US JOLTS Job Openings rose to 5.49 million in September month  German Industrial Production fell by 1.8 percent in September  UK’s Manufacturing Production rose by 0.6 percent in September Indian Rupee rose to one month high and appreciated around 12 paise to end at 66.62 against the US dollar on Tuesday. The currency appre- ciated on account of selling of dollars from banks and exporters. Fur- ther, estimates of inflow of foreign funds from equities continued with positive movement in the currency. Foreign portfolio investors (FPIs) turned net buyers after their recent selling spree and bought shares worth a net Rs.311.18 crore yesterday, as per provisional data. Further, upbeat domestic market sentiments kept the currency in pos- itive sentiments. Indian Rupee moved in the range of 66.6125 to 66.72 in Tuesday’s trade. The Reserve Bank of India (RBI) fixed reference rate for the dollar was seen at 66.7073 and Euro stood at 73.6515 as on 8th Nov’16. In cross-currency trades, the rupee strengthened further against the pound sterling to finish at 82.73 from 82.92 and edged higher against the euro to end at 73.61 as compared to 73.85 yesterday. It also made further ground against the Japanese yen to settle at 63.69 from 63.92 per 100 yens earlier. US Dollar Index rose around 0.1 percent in Tuesday’s trading session due to favourable economic data from the country. How- ever, sharp upside in the currency was capped as a result of rise in risk appetite in global markets which led to decline in de- mand for the low yielding currency. US National Federation of Independent Business (NFIB) Small Business Index grew by 0.8 points to 94.9-mark in October as against a rise of 94.1-level in September. Job Openings and Labor Turnover Summary (JOLTS) Job Openings rose to 5.49 million in September with respect to 5.45 million in August. Euro against dollar fell around 0.13 percent on Tuesday on account of strength in the dollar index. However, upbeat domestic market sentiments along with mixed economic data from the region prevented sharp fall in the currency. German Industrial Production plunged by 1.8 percent in September as against a rise of 3 percent a month ago. German Trade Balance was at a surplus of 21.3 billion Euros in September from a surplus of 21.6 billion Euros in August. French Gov Budget Balance was at a deficit of 83 billion Euros in September when compared to earlier deficit of 96 billion Euros in August. French Trade Balance was at deficit of 4.8 billion Euros in September with respect to deficit of 4.2 billion Euros in August. The Sterling Pound plunged around 0.14 percent in trade due to stronger dollar. However, upbeat global market sentiments along with optimistic economic data from the country cushioned sharp downside in the currency. UK’s Manufacturing Produc- tion increased by 0.6 percent in September when compared to 0.2 percent in August. Industrial Production plunged by 0.4 per- cent in the month of September. The Japanese Yen against dollar depreciated around 0.66 percent in Tuesday’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 97.68 97.74 (0.06) (0.06) USD/INR(Spot) 66.63 66.74 (0.11) (0.17) USD/INR(NseNov) 66.81 66.90 (0.09) (0.13) EUR/INR(Spot) 73.60 73.68 (0.08) (0.11) EUR/INR(NseNov) 73.86 74.11 (0.25) (0.34) GBP/INR(Spot) 82.69 82.73 (0.04) (0.05) GBP/INR(NseNov) 83.02 83.17 (0.15) (0.18) JPY/INR(NseNov) 63.95 64.10 (0.15) (0.23) MarketHighlights
  • 2. Technical View: On daily chart JPYINR prices have been trading in sym- metrical triangle pattern and price has taken support of its lower band at 64.10 levels. Moreover, price has taken support of its horizontal trend line at 64.50 levels on daily chart. Furthermore, prices have been trading above its 50 DE- MA, which suggest short term trend is positive. On daily chart momentum indicator RSI is trading above 55 levels which suggest further bullishness can be seen in the prices. In addition, momentum indicator MACD has shown posi- tive crossover on daily chart. So for trading perspective, one could use buy in the range of 63.90 with SL of 63.50 for target of 64.70 levels. Pivot levels for the Day Technical View: The pair has been trading in falling channel pattern from past few months and prices have been facing resistance of its upper band at 67.30 levels on daily chart. On daily USDINR prices have been facing resistance of its falling trend line at 67.30 levels. On the other hand, prices have been facing resistance of falling trend line at 67.20 levels on daily chart. Moreover, prices have been trading below 21 HEMA which gives the sign of bearishness in the prices. A momentum indictor RSI has traded below 60 levels, which suggest further weakness in the prices. In addition, momentum indicator MACD has shown neg- ative crossover on daily chart. So for trading perspective, one could sell in range 66.90 with SL of 67.30 for target of 66.30. Currency Highlights 09th Nov’2016 USDINR JPYINR SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds S3 S2 S1 Pivot R1 R2 R3 USDINR 66.62 66.73 66.77 66.84 66.88 66.95 67.06 JPYINR 63.62 63.82 63.88 64.02 64.08 64.22 64.42
  • 3. Pivot levels for the Day Currency Highlights 09th Nov’2016 GBPINR EURINR Technical View: The EURINR pair has been trading in falling channel pattern and prices have been taking support of its lower band of channel pattern at 73.20 levels on daily chart. On the other hand price has taken support of its hori- zontal trend line at 73.80 levels on daily chart. Moreover, prices have been trading above its 25 DE- MA, which suggest short term trend is up. On daily chart momentum oscillator RSI have been trad- ing above 50 which suggest bullishness in the prices. A momentum indicator MACD has shown positive cross- over on daily chart, which add more bullishness in the prices. For now we can expect prices should move higher to- wards 74.55 levels in the coming trading session. Technical View: The pair has been trading in falling channel pattern form pas few months and price has given breakout of its channel pattern at 83 levels on daily chart. Moreo- ver, prices have been trading below 25 DEMA, which suggest short term trend looks positive. The price has formed bullish hammer candle stick pattern on daily chart, which is bullish pattern. A momentum indicator MADC has given positive Cross over on hourly chart, which gives the sign of bullishness in the prices. The momentum indictor RSI has been trading above 50levels on daily chart, which suggest the possibilities of bounce back in the in the prices. For now we expect prices should move higher towards 83.60 levels coming trading sessions. SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds S3 S2 S1 Pivot R1 R2 R3 GBPINR 82.31 82.68 82.83 83.05 83.20 83.42 83.79 EURINR 73.48 73.70 73.77 73.92 73.99 74.14 74.36
  • 4. Currency Highlights SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds 09th Nov’2016 Economic Indicators Date Time Data Prior Expected Impact 09.11.16 05:20 AM Current Account 1.98T 1.98T Actual > Forecast = Good for currency; JPYINR 09.11.16 05:20 AM Bank Lending y/y 2.2% 2.2% Actual > Forecast = Good for currency; JPYINR 09.11.16 07:00 AM CPI y/y 1.9% 2.1% Actual > Forecast = Good for currency; CNY 09.11.16 07:00 AM PPI y/y 0.1% 0.9% Actual > Forecast = Good for currency; CNY 09.11.16 09:00 PM Crude Oil Inventories 14.4M
  • 5. Currency Highlights 09th Nov’2016 SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds Anish Vyas Digitally signed by Anish Vyas DN: cn=Anish Vyas, o=Choice Merchandise Broking Pvt. Ltd, ou=Sr. Research Associate, email=anish.vyas@choiceindia.com, c=IN Date: 2016.11.09 09:04:43 +05'30'