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Evening Wrap  Daily Forex Research Report as on 05‐03‐2019 
 
 
 
 
 
Indian Rupee 
 The rupee settled at 70.4850 against 70.9050 at the previous close. 
The local unit moved in 70.45 ‐70.9850 per dollar band intra‐day. 
 The  Indian  rupee  jumped  to  a  near‐two‐month  high  against  the 
dollar, helped by corporate dollar inflows following a long weekend 
and  strong  local  shares.  The  rupee  was  expected  to  remain  under 
pressure today on U.S. President Trump’s statement on India trade 
tariff,  but  corporate  dollar  inflows  after  yesterday’s  holiday  and 
foreign  portfolio  flows  helped  the  unit  to  recover.  Rally  in  local 
shares and lack of reports of further escalation in tensions between 
India  and  Pakistan  relations  drove  traders  to  cut  their  long  dollar 
positions, triggering stop losses. 
  
 
 
Global Currency 
 The U.S. dollar held within sight of a two‐week high against its major 
peers  in  early  European  hours  on  Tuesday,  as  China  cut  its  2019 
economic  growth  target,  dimming  the  outlook  for  global  growth. 
China said on Tuesday it was targeting economic growth of 6.0% to 
6.5% in 2019, down from the 6.6% growth reported last year, which 
was already the lowest in decades. 
 The  euro  fell  towards  a  one‐week  low  on  Tuesday  as  the  dollar 
gained broadly and investors began pricing in more caution from the 
European Central Bank at its meeting on Thursday. The ECB is facing 
growing pressure to address the question of how to protect the euro 
zone economy from a protracted slowdown. 
 
 
 
Global Market 
 Oil fell towards $65 a barrel on Tuesday, pressured by the restart of 
Libya's  biggest  oilfield  and  on  expectations  for  an  increase  in  U.S. 
crude  inventories.  Some  wells  at  Libya's  El  Sharara  oilfield  have 
restarted and the aim is to reach initial output of 80,000 brl per day. 
 Gold prices held close to a more than five‐week low on Tuesday as 
the dollar firmed and global equity markets held near a five‐month 
crest, making bullion less appealing for investors. 
Global Markets at one Glance 
 
Markets at 5.00pm   In INR   % Change
USD/INR  70.495  70.495  ‐0.59 
EUR/USD  1.13298  79.85  ‐0.7 
GBP/USD  1.31587  92.74  ‐0.71 
USD/JPY  111.935  0.63  ‐0.78 
SEK/INR  9.3212  7.5629  ‐0.0261 
DKK/INR  6.280  11.2250  0.49 
AUD/USD  1.4124  49.89  ‐0.86 
DXY  96.738     0.06 
 
Commodities  Today  % Change 
GOLD #  1284.4933  ‐0.15
SILVER #  15.015  ‐0.01 
BRENT #  65.39  ‐0.43 
NYMEX #  56.5  ‐0.16 
 
 
Today
OPEN 70.9400
HIGH 70.9850
LOW 70.4500
CLOSE 70.4850
 
Index Today  % Change
NIFTY 10987.45  1.14 
SENSEX 36442.54  1.05 
NIKKEI 21726.28  ‐0.44 
HANG SENG 28961.6  0.01 
SHANGHAI 3054.2466  0.88 
CAC# 5278.15  ‐0.16 
FTSE # 7264.61  0.0042 
DAX # 11580.23  ‐0.11 
 
                                    Routeforex Solutions Pvt Ltd.  
Disclaimer: http://www.routeforex.com/RF/disclaimer.htmls 
Follow us:  
www.routeforex.com 
5 Minutes INR=IN 4:25 PM 02/26/2019 - 10:00 AM 03/06/2019 (DEL)
Cndl, INR=IN, 5:05 PM 03/05/2019, 70.4875, 70.4875, 70.4800, 70.4850, -0.4200, (-0.59%) Price
INR
70.5
70.6
70.7
70.8
70.9
71
71.1
71.2
71.3
71.4
70.4850
08:35 12:35 16:35 12:35 16:35 12:35 16:35 12:35 16:35
Feb 27 19 Feb 28 19 Mar 01 19 Mar 05 19
      Key Events of the Day   
Date  Time  Currency  Event  Actual  Forecast Previous
05/03/2019  15.00  GBP  Services PMI (Feb) 51.3  49.9 50.1
             
             
             

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  • 1. Evening Wrap  Daily Forex Research Report as on 05‐03‐2019            Indian Rupee   The rupee settled at 70.4850 against 70.9050 at the previous close.  The local unit moved in 70.45 ‐70.9850 per dollar band intra‐day.   The  Indian  rupee  jumped  to  a  near‐two‐month  high  against  the  dollar, helped by corporate dollar inflows following a long weekend  and  strong  local  shares.  The  rupee  was  expected  to  remain  under  pressure today on U.S. President Trump’s statement on India trade  tariff,  but  corporate  dollar  inflows  after  yesterday’s  holiday  and  foreign  portfolio  flows  helped  the  unit  to  recover.  Rally  in  local  shares and lack of reports of further escalation in tensions between  India  and  Pakistan  relations  drove  traders  to  cut  their  long  dollar  positions, triggering stop losses.         Global Currency   The U.S. dollar held within sight of a two‐week high against its major  peers  in  early  European  hours  on  Tuesday,  as  China  cut  its  2019  economic  growth  target,  dimming  the  outlook  for  global  growth.  China said on Tuesday it was targeting economic growth of 6.0% to  6.5% in 2019, down from the 6.6% growth reported last year, which  was already the lowest in decades.   The  euro  fell  towards  a  one‐week  low  on  Tuesday  as  the  dollar  gained broadly and investors began pricing in more caution from the  European Central Bank at its meeting on Thursday. The ECB is facing  growing pressure to address the question of how to protect the euro  zone economy from a protracted slowdown.        Global Market   Oil fell towards $65 a barrel on Tuesday, pressured by the restart of  Libya's  biggest  oilfield  and  on  expectations  for  an  increase  in  U.S.  crude  inventories.  Some  wells  at  Libya's  El  Sharara  oilfield  have  restarted and the aim is to reach initial output of 80,000 brl per day.   Gold prices held close to a more than five‐week low on Tuesday as  the dollar firmed and global equity markets held near a five‐month  crest, making bullion less appealing for investors. 
  • 2. Global Markets at one Glance    Markets at 5.00pm   In INR   % Change USD/INR  70.495  70.495  ‐0.59  EUR/USD  1.13298  79.85  ‐0.7  GBP/USD  1.31587  92.74  ‐0.71  USD/JPY  111.935  0.63  ‐0.78  SEK/INR  9.3212  7.5629  ‐0.0261  DKK/INR  6.280  11.2250  0.49  AUD/USD  1.4124  49.89  ‐0.86  DXY  96.738     0.06    Commodities  Today  % Change  GOLD #  1284.4933  ‐0.15 SILVER #  15.015  ‐0.01  BRENT #  65.39  ‐0.43  NYMEX #  56.5  ‐0.16      Today OPEN 70.9400 HIGH 70.9850 LOW 70.4500 CLOSE 70.4850   Index Today  % Change NIFTY 10987.45  1.14  SENSEX 36442.54  1.05  NIKKEI 21726.28  ‐0.44  HANG SENG 28961.6  0.01  SHANGHAI 3054.2466  0.88  CAC# 5278.15  ‐0.16  FTSE # 7264.61  0.0042  DAX # 11580.23  ‐0.11                                        Routeforex Solutions Pvt Ltd.   Disclaimer: http://www.routeforex.com/RF/disclaimer.htmls  Follow us:   www.routeforex.com  5 Minutes INR=IN 4:25 PM 02/26/2019 - 10:00 AM 03/06/2019 (DEL) Cndl, INR=IN, 5:05 PM 03/05/2019, 70.4875, 70.4875, 70.4800, 70.4850, -0.4200, (-0.59%) Price INR 70.5 70.6 70.7 70.8 70.9 71 71.1 71.2 71.3 71.4 70.4850 08:35 12:35 16:35 12:35 16:35 12:35 16:35 12:35 16:35 Feb 27 19 Feb 28 19 Mar 01 19 Mar 05 19       Key Events of the Day    Date  Time  Currency  Event  Actual  Forecast Previous 05/03/2019  15.00  GBP  Services PMI (Feb) 51.3  49.9 50.1