Economic indicators show mixed results, with the rupee edging up against the dollar amidst soft U.S. jobs data, while the euro is influenced by ongoing Greek political developments. Euro area retail trade is up by 0.2%, and the UK services PMI indicates faster growth, though U.S. factory orders fell by 1% in May. Technical analysis suggests the EUR/INR could weaken further if it sustains below 70.5400.

1. 06 JULY15
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2. TIME CURRENCY DESCRIPTION FORECAST PREVIOUS
10:30am
JPY
Leading Indicators `- 106.4%
11:30am
EUR
German Factory Orders m/m - 1.4%
6th-9th
GBP
Halifax HPI m/m - -0.1%
1:40pm
EUR
Retail PMI - 51.4
7:15pm
USD
Final Services PMI - 54.8
7:30pm
USD
ISM Non-Manufacturing PMI - 55.7
 Rupee edges up 11 paise against dollar.
 Soft U.S. jobs data weighs on dollar, euro hostage to Greek vote.
 Volume of retail trade up by 0.2% in euro area.
 UK services PMI jumps in June, signaling faster economic growth.
 Euro-zone economic growth and job creation at four-year highs.
 Italian business activity rises at fastest rate in 12 months.
 US Factory Orders Fell 1 Percent in May.
 Spanish Services activity growth moderates but remains sharp at
end of Q2.
News FLASH
Economic calendar – July 06

3. CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 63.6000 63.5000 63.4000 63.8000 63.9000 64.0000
EURINR 70.5000 70.4000 70.3000 70.9000 71.0000 71.1000
GBPINR 99.4000 99.3000 99.2000 99.8000 99.9000 100.0000
JPYINR 51.7000 51.6000 51.5000 52.0000 52.1000 52.2000
EURINR on its daily charts had closed around the support and further looks weaker if it sustains below
the level of 70.5400.
Pivot table
TECHNICAL VIEW
EURINR

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