Daily Market Reflection

27th May 2016

Market Outlook For our BIG PROFIT calls and LATEST

Indian currency appreciated for the second consecutive session against Reports, SUBSCRIBE to our premium
US Dollar and was able to sustain on higher side and finally closed on reports. Click here….
positive note. Market sentiment looked somewhat mixed again as
USDINR
despite a corrective move on the dollar and further gains on the oil
price has driven some strong moves on equities in recent days. The
dollar weakness comes as traders look ahead to the announcement of
key US data to end the week and the prospect of Yellen speech that
Reference Rate
could define trading for the coming weeks.
Currency Date Date %
Fundamental News 25-05-16 26-05-16 Change
USDINR 67.4467 67.2855 -0.23%
Dollar's retreat supports Asia FX, Yellen awaited. EURINR 75.2098 75.2185 +0.11%
Yen soars as markets jumpy over intervention risks, tax GBPINR 98.5599 98.9501 +0.39%
JPYINR 61.3200 61.3400 +0.03%
decision.
Sri Lankan rupee forwards trade weaker on importer dollar Currencies vs $
demand. Currency Close Prev % Chg
UK Index of Services (3M/3M) in line with forecasts (0.6%). (5:00pm) Close
Rupee 67.1775 67.3350 -0.23%
Currency Future Dollar Index 95.2500 95.4100 -0.16%
Euro 1.1175 1.1181 -0.05%
Currency Date Date % Chg
Pound 1.4697 1.4710 -0.08%
25-05-16 26-05-16 Japanese Yen 110.05 109.70 +0.31%
USDINR 67.4250 67.1700 -0.38%
Global Commodities
EURINR 75.1725 75.1500 -0.03%
GBPINR 98.9525 98.7000 -0.26% Commodity Close Prev.Close % Chg
Gold 1220.89 1228.51 -0.62%
JPYINR 61.1750 61.0800 -0.16%
Silver 16.19 16.27 -0.49%
Event Calendar (27th May 2016) Crude 49.21 49.27 -0.12%
Copper 2.0705 2.0765 -0.28%
Time Currency Event Forecast Previous

GfK Consumer OUR PREVIOUS CALLS UPDATE

4:35am GBP -4 -3
Confidence
Intraday super star
5:00pm JPY Tokyo Core CPI y/y -0.4% -0.3%
Date Currency Entry Exit P/L
Day 2 ALL G7 Meetings - - 26/05 EURINR 75.1500 75.1500 -
Trifid special
6:00pm USD Prelim GDP q/q 0.8% 0.5%
Revised UoM Consumer Date Currency Entry Exit P/L
7:30pm USD 95.7 95.8
Sentiment 10/05 GBPINR 96.5700 97.0700 20000
10:45pm USD Fed Chair Yellen Speaks - - For our next calls click here……..

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 Overview

USDINR EURINR

USDINR extended the bears so seen in the previous session EURINR remained lower for the second consecutive session
and closed in red for the second consecutive session. and closed again in red.

Now, it is expected to fall towards 100 day EMA of 67.0000 Trend line breakout on daily charts suggests it may further
which is also near to the trend line coming from recent lows fall towards 100 day EMA of 74.9500 while 75.5000 will act
while 67.4000 may act as strict resistance. as important resistance.

R1 R2 S1 S2 R1 R2 S1 S2
67.3000 67.5000 67.0000 66.8000 75.4000 75.6000 75.0000 74.8000

GBPINR JPYINR

GBPINR was unable to hold above 99.0000 mark and JPYINR gradually dropped from the recent highs so made
dropped during the session to close on weak note. and now closed near to the strong support of 61.0000.

Trend of the pair seems to be strong so buy on dips can be Any closing below 60.9000 can welcome bears for coming
seen where 99.2000 may act as resistance while 98.0000 is sessions while sustaining above 61.3000-61.5000 will support
seen as major support from current levels. recovery from current levels.

R1 R2 S1 S2 R1 R2 S1 S2
99.0000 99.2000 98.6000 98.4000 61.3000 61.5000 60.9000 60.7000

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 Intraday Super Star
(Premium Section)

Currency extended the losses for the second successive session and is expected to fall towards the next support if it holds below
the mentioned level. Also, sell on highs is recommended in the same.

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 Trifid Special
(Premium Section)

Currency is taking constant support at lower levels and intends to move northwards from such bottom levels. If it is able to
sustain above the trend line then it may show a short bull rally in coming sessions.

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