The document provides a daily economic news summary and forecast for May 7th. It includes data on Japanese monetary base, German and French factory/industrial production, UK housing prices and unemployment claims. Currencies such as the rupee, sterling, AUD, and NZD are also discussed. Services sector data from China, the UK, Italy, and Spain is highlighted showing growth. The document concludes with technical analyses and pivot tables for currency pairs.

1. 07 MAY15
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2. TIME CURRENCY DESCRIPTION FORECAST PREVIOUS
05:20am
JPY
Monetary Base y/y 34.3% 35.2%
11:30am EUR
German Factory Orders m/m 1.6% -0.9%
12:15pm EUR
French Industrial Production m/m 0.1% 0.0%
7th-9th GBP
Halifax HPI m/m 0.3% 0.4%
All Day GBP
Parliamentary Elections -
-
06:00pm USD
Unemployment Claims 277K 262K
 Rupee slips from initial gains against dollar.
 Sterling little changed after services PMI, election looms.
 AUD/USD rises despite disappointing Australian retail sales.
 NZD/USD drops to 3-week lows on N.Z. employment data.
 Aussie up after China services PMI; domestic retail sales lag.
 Volume of retail trade down by 0.8% in euro area.
 UK services growth hits eight-month high.
 Italain service sector grows at fastest rate for ten months.
 Spanish Services PMI: Fastest rise in activity since November 2006.
News FLASH
Economic calendar - May 07

3. CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 63.7000 63.5500 63.4000 64.0000 64.1000 64.2500
EURINR 71.4700 71.3000 71.1500 71.8500 72.0000 72.1500
GBPINR 96.9500 96.8000 96.6000 97.3000 97.5000 97.6500
JPYINR 53.1300 52.9500 52.8000 53.4000 53.5500 53.7000
EURINR on daily charts traded around its resistance level of 72. Now, if it is able to break this resistance
level in upcoming sessions then next resistance range is 72.5000-72.7000.
Pivot table
TECHNICAL VIEW
EURINR

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