#ChoiceBroking #Currencyhighlights - HighLights: Indian Rupee appreciated by 9 paise to 67.08 in Friday’s trade

1. Currency Highlights
25th
July’2016
HighLights:
 Indian Rupee appreciated by 9 paise to 67.08 in Friday’s trade
 US Flash Manufacturing PMI surged by 1.6 points to 52.9-mark in July
 Euro Zone Flash Manufacturing PMI plunged to 51.9-mark in July
 UK’s Manufacturing PMI dropped by 3 points to 49.1-mark in June
 German Flash Manufacturing PMI fell to 53.7-mark in current month
 UK’s Services PMI dropped by 4.9 points to 47.4-level in last month
Indian Rupee recovered from its lows and appreciated around 9 paise to
end at 67.08 against the US dollar on Friday. The currency appreciated on
account of selling of dollars from exporters and banks. Further, consistent
flow of foreign funds led to positive movement in the currency.
However, sharp upside in currency was capped due to mixed domestic
market sentiments. Additionally, month end dollar demand from import-
ers prevented sharp gains in the currency. Indian Rupee moved in the
range of 67.08 to 67.22 in Friday’s trading session. The Reserve Bank of
India (RBI) fixed reference rate for the dollar was seen at 67.13 and Euro
stood at 74.03 in Friday’s trade.
US Dollar Index gained around 0.5 percent in Friday’s trading session due to favourable manufacturing data from the country.
However, sharp upside in the currency was capped as a result of rise in risk appetite in global market sentiments which led to
decline in demand for the low yielding currency. US Flash Manufacturing Purchasing Managers' Index (PMI) surged by 1.6
points to 52.9-mark in July as against a rise of 51.3-level in June.
Euro against dollar fell around 0.44 percent on Friday on account of strength in the dollar index. Further, weak economic data
from the region kept pressure on the currency. However, sharp fall in the currency was cushioned due to upbeat global market
sentiments.
French Flash Manufacturing Purchasing Managers' Index (PMI) rose by 0.3 points to 48.6-mark in July as against a rise of 48.3-
level in June. French Flash Services PMI grew by 0.4 points to 50.3-level in current month from 49.9-mark in June. German
Flash Manufacturing PMI fell by 0.8 points to 53.7-mark in July when compared to 54.5-level a month ago. German Flash Ser-
vices PMI dropped by 0.9 points to 54.6-level in existing month with respect to 53.7-mark in June. Euro Zone Flash Manufac-
turing PMI plunged by 0.9 points to 51.9-mark in July as compared to 52.8-level in earlier month. Euro region Flash Services
PMI declined marginally to 52.7-level in July from 52.8-mark in June.
The Sterling Pound plunged around 0.9 percent in Friday’s trade due to stronger dollar. Moreover, unfavourable economic da-
ta from the country led to downside pressure on the currency. However, upbeat global market sentiments restricted sharp fall
in the currency.
UK’s Manufacturing PMI plunged by 3 points to 49.1-mark in June as against a rise of 52.1-level in May. Services PMI dropped
by 4.9 points to 47.4-level in last month from 52.3-mark in May.
The Japanese Yen against dollar depreciated around 0.3 percent in Friday’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 97.52 97.05 0.47 0.48
USD/INR(Spot) 67.13 67.15 (0.02) (0.03)
USD/INR(NseJuly) 67.09 67.21 (0.12) (0.18)
EUR/INR(Spot) 73.71 74.09 (0.38) (0.52)
EUR/INR(NseJuly) 73.96 74.09 (0.13) (0.18)
GBP/INR(Spot) 88.04 88.86 (0.82) (0.93)
GBP/INR(NseJuly) 87.94 88.63 (0.69) (0.78)
JPY/INR(NseJuly) 63.27 63.26 0.01 0.02
MarketHighlights

2. Technical View:
The pair has given breakdown of its horizontal trend line at
63.30 levels on daily chart. The prices have given a break-
down of its rising channel pattern at 63.30 levels on daily
chart.
In addition, on daily chart prices have been trading below its
25 daily exponential moving average which gives the negative
confirmation to the prices.
On daily chart, momentum oscillator RSI has moved below
45 levels, which gives negative confirmation to the prices.
A momentum indicator MACD has shown negative sign on
daily chart, which indicates short term trend remains bearish.
For now we expect prices to move lower towards 62.80 levels
in few trading sessions.
Pivot levels for the Day
Technical View:
The price has shown breakdown of its rising channel pattern
62.25 levels on daily chart. Price has formed bearish candle
stick on daily chart. The USDINR has retested the breakdown
trend line at 67.20 levels on daily chart.
Moreover, price have been trading below its 25 daily expo-
nential moving average which suggest near term trend under
pressure. So any rally in the prices towards 67.25 level, used
as selling opportunity.
A momentum indicator RSI has moved below 45 levels on
daily chart, which suggest bearishness in the prices.
A momentum indictor MACD has given negative crossover on
4 hourly chart, which gives negative confirmation to the pric-
es.
For now we expect prices to move lower towards 66.75 lev-
els in few trading sessions.
Currency Highlights
25th
July’2016
USDINR JPYINR
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
USDINR 66.87 67.00 67.05 67.13 67.18 67.26 67.39
JPYINR 62.43 62.89 63.08 63.35 63.54 63.81 64.27

3. Pivot levels for the Day
Currency Highlights
25th
July’2016
GBPINR EURINR
Technical View:
The price has given breakdown of its rising wedge pattern at
74 levels on daily chart. On daily chart, price has given
breakdown of its symmetrical triangle pattern 74.10 levels.
On the other hand, Pair has been trading below its 50 daily
exponential moving average which indicates that trend is
remains down.
A momentum oscillator RSI have been trading below 40 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 73.20
levels in the coming trading sessions.
Technical View:
The price has shown breakdown of its horizontal trend line at
87.80 levels on daily chart. Price has been facing resistance
of its falling trend line at 88.50 levels on hourly chart.
The price has formed bearish candle on daily with appalling
volumes which indicates further down side movement.
A momentum indicator RSI has moved below at 40 levels
on hourly chart, which suggest bearishness in the prices.
Moreover, momentum indicator MACD has shown negative
sign on hourly chart which support our bearish view on the
pair.
On daily chart, price has shown breakdown of its falling
channel pattern at 89 levels.
For now we expect prices should move lower towards 87
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 85.50 86.91 87.43 88.32 88.84 89.73 91.14
EURINR 73.36 73.71 73.84 74.06 74.19 74.41 74.76

4. Currency Highlights
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Economic Indicators
Date Time Data Prior Expected Impact
22.07.16 12:30pm French Flash Manufacturing
PMI
48.3 48.1 Actual > Forecast = Good for
currency; EURINR
22.07.16 12:30pm French Flash Services PMI 49.9 49.6 Actual > Forecast = Good for
currency; EURINR
22.07.16 1:00pm German Flash Manufacturing
PMI
54.5 53.6 Actual > Forecast = Good for
currency; EURINR
22.07.16 1:00pm German Flash Services PMI 53.7 53.3 Actual > Forecast = Good for
currency; EURINR
22.07.16 1:30pm Flash Manufacturing PMI 52.8 52.1 Actual > Forecast = Good for
currency; EURINR
22.07.16 1:30pm Flash Services PMI 52.8 52.3 Actual > Forecast = Good for
currency; EURINR
22.07.16 2:00pm Manufacturing PMI 52.1 47.8 Actual > Forecast = Good for
currency; GBPINR
22.07.16 2:00pm Services PMI 52.3 48.9 Actual > Forecast = Good for
currency; GBPINR
25th
July’2016

5. Currency Highlights
25th
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: 2016.07.25 08:42:23 +05'30'