Daily Market Reflection

Transcription

1 Daily Market Reflection Market Outlook Snapping its two-day winning run, the rupee today took a hefty knock by plunging 23 paise to close at a dollar amid fresh demand for the US currency from importers coupled with sluggishness in equities. USDINR 30 th October 2017 The euro fell on Friday, marking its biggest weekly loss of the year a day after the European Central Bank decided to prolong its bond purchases and signaled its willingness to stick with an ultra-loose policy stance. The euro was down 0.5 percent at $1.1595, bringing its weekly loss against the dollar to 1.6 percent for the biggest in 11 months. Fundamental News European Monetary Union CFTC EUR NC net positions dipped from previous 90.5K to 83.5K. United States CFTC USD NC net positions: $127.1K vs previous $161.9K. Colombia Interest rate came in at 5% below forecasts (5.25%) in October. Future Event Calendar (30 th OCT 2017) Time Event Forecast Previous 3:00am All Day EUR EUR German Retail Sales m/m German Prelim CPI m/m 0.50% -0.20% % 4:00am EUR Spanish Flash CPI y/y 1.70% 1.80% 4:00am EUR Spanish Flash GDP q/q 0.80% 0.90% 5:30am Tentative GBP JPY Date Net Lending to Individuals m/m Monetary Policy Statement Date USDINR % EURINR % GBPINR % 5.5B 5.6B - - Reference Rate Date Date USDINR % EURINR % GBPINR % JPYINR % Currencies vs $ JPYINR % Global Commodities Close Prev (5:00pm) Close Rupee % Dollar Index % Euro % Pound % Japanese Yen % Commodity Close Prev.Close Gold % Silver % Crude % Copper % OUR PREVIOUS CALLS UPDATE Intraday super star Date Entry Exit P/L 27/10 JPYINR(L) Trifid special Date Entry Exit P/L 17/10 EURINR(S) For our next calls click here..

2 Overview USDINR EURINR USDINR pair opened with strongly positive note and managed its upper level, settled the day with good gain. For upcoming week if it holds above resistance level then it can continue upside movement is crucial support level. EURINR pair has given steep fall and closed the day near to its days low. It has as immediate support level below this more selling can be seen is major resistance level GBPINR JPYINR GBPINR pair started the day with gap down and continued this downward movement, closed the day with negative note. Now is support level below this it can drag down towards deeper support level is resistance level. JPYINR pair showed some recovery from its support level settled the day with positive note is psychological support level below this correction might be seen is important resistance level

3 Intraday Super Star (Premium Section) USDINR opened session with positive bias showed positive movements closed around its intraday resistance expected to continue bullish rally if sustain above its resistance. BUY ABOVE TARGETS / SL

4 Trifid Special (Premium Section) JPYINR unable to sustain on higher levels form consolidation below its strong support expected to give negative breakout if sustain below mention level. SELL JPYINR BELOW TARGETS SL

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