Major economic reports are scheduled from Italy, the US, and Philly Fed. Several currencies moved against the dollar including the rupee recovering 13 paise, NZD edging higher, and AUD sliding after consumer sentiment data. China's economy slowed to its weakest growth since 2009. Japan industrial output dropped sharply and German and French inflation rose slightly. Australia consumer sentiment fell in April. Technical analysis suggests GBPINR may move toward trend line support if it holds above 92.4600.

1. 16APRIL15
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2. TIME CURRENCY DESCRIPTION FORECAST PREVIOUS
Day1
ALL
G20 Meetings - -
01:30pm EUR
Italian Trade Balance 1.21B 0.22B
06:00pm USD
Building Permits 1.08M 1.10M
06:00pm USD
Unemployment Claims 284K 281K
06:00pm USD
Housing Starts 1.05M 0.90M
07:30pm USD
Philly Fed Manufacturing Index 6.5 5.0
 Rupee recovers 13 paise to Rs 62.38 against $.
 NZD/USD edges higher, but gains seen limited.
 AUD/USD slides lower after consumer sentiment data.
 China's Economy Slows to 7% Growth, weakest pace of expansion
since 2009.
 Japan Industrial Output dropped 3.1% m/m in February.
 German Consumer prices were 0.3% higher in March 2015 v/s
2014.French Consumer price index grew by 0.7%, as in February.
 Australia consumer sentiment falls in April.
News FLASH
Economic calendar - April 16

3. CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 62.4000 62.3000 62.2000 62.7000 62.8000 62.9000
EURINR 66.2000 66.1000 66.0000 66.5000 66.6000 66.7000
GBPINR 92.1000 92.0000 91.9000 92.4000 92.5000 92.6000
JPYINR 52.2000 52.1000 52.0000 52.5000 52.6000 52.7000
GBPINR on daily charts showed good pull back after violating the major support in previous session,
hence it may lead towards trend line if holds above level of 92.4600.
Pivot table
TECHNICAL VIEW
GBPINR

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