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 65.05 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% - 0.10% 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 26-10-17 27-10-17 USDINR 65.0700 65.2875 +0.33% EURINR 76.9225 75.9375-1.28% GBPINR 86.0825 85.5825-0.58% 5.5B 5.6B - - Reference Rate Date Date 26-10-17 27-10-17 USDINR 64.7888 65.0931 +0.47% EURINR 76.6063 75.6837-1.20% GBPINR 85.8840 85.3826-0.58% JPYINR 57.0600 57.0000-0.11% Currencies vs $ JPYINR 57.3350 57.2800-0.10% Global Commodities Close Prev (5:00pm) Close Rupee 64.885 65.095-0.32% Dollar Index 94.72 94.55 +0.18% Euro 1.1608 1.1652-0.38% Pound 1.3133 1.3161-0.21% Japanese Yen 113.69 113.97-0.28% Commodity Close Prev.Close Gold 1276.06 1269.60 +0.51% Silver 16.878 16.811 +0.40% Crude 54.17 52.64 +2.91% Copper 3.104 3.178-2.31% OUR PREVIOUS CALLS UPDATE Intraday super star Date Entry Exit P/L 27/10 JPYINR(L) 57.10 57.07-600 Trifid special Date Entry Exit P/L 17/10 EURINR(S) 76.43 76.13 +12000 For our next calls click here..
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 65.5000 resistance level then it can continue upside movement. 65.1500 is crucial support level. EURINR pair has given steep fall and closed the day near to its days low. It has 75.8500 as immediate support level below this more selling can be seen. 76.1500 is major resistance level. 65.5000 65.7000 65.1000 64.9000 GBPINR 76.2000 76.4000 75.7000 75.5000 JPYINR GBPINR pair started the day with gap down and continued this downward movement, closed the day with negative note. Now 85.4000 is support level below this it can drag down towards deeper support level. 85.9000 is resistance level. JPYINR pair showed some recovery from its support level settled the day with positive note. 57.0000 is psychological support level below this correction might be seen. 57.5000 is important resistance level. 85.8000 86.0000 85.4000 85.2000 57.5000 57.7000 57.1000 56.8000
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 65.3400 TARGETS 65.4600/65.5800 SL 65.1400.
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 57.1200 TARGETS 56.8200 SL 57.6200.
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