Daily Market Reflection

15 thJuly 2016
Market Outlook

USDINR

The rupee on Thursday recovered by 0.05 paise to open at Rs 67 a

dollar on fresh selling of the American currency by banks and
exporters in view of sustained inflows from foreign funds. The yen
slipped to a three-week low on Thursday on speculation of more
stimulus from Tokyo, while sterling ticked up ahead of a Bank of
England meeting that is expected to deliver a rate cut to blunt the
economic fallout of Britain's vote to exit the European Union.
Waning expectations of the Federal Reserve delivering further
interest rate hikes have weighed on the dollar this year, and
investors' wariness increased after the Brexit vote roiled markets.

Fundamental News

BoE expected to cut rates to blunt Brexit impact

BOC holds rates steady, sounds more hopeful than
expected
Yen in sight of this week's post-Brexit low vs USD

Currency Future
Currency
Date

Date

% Chg

13-07-16

14-07-16

USDINR

67.1800

67.0100

-0.25%

EURINR

74.4550

74.7050

+0.34%

GBPINR

89.2275

89.6175

+0.44%

JPYINR

64.1400

63.5300

-0.95%

Event Calendar (15th July 2016)

Time
Currency Event

Forecast

Previou
s

5:30pm

GBP

BOE Gov Carney

Speaks

6:00pm

USD

CPI m/m

0.2%

0.2%

6:00pm

USD

Core CPI m/m

0.2%

0.2%

6:00pm

USD

Core Retail Sales m/m

0.4%

0.4%

6:00pm

USD

Retail Sales m/m

0.1%

0.5%

7:30pm

USD

Prelim UoM Consumer

Sentiment

93.7

93.5

Reference Rate
Currency Date
13-07-16
USDINR
67.2046
EURINR
74.3484
GBPINR
89.2880
JPYINR
64.5300

Date
14-07-16
66.9136
74.3544
88.5468
63.3800

%
Change
-0.43%
+0.01%
-0.83%
-1.78%

Currencies vs $
Currency
Close
(5:00p
m)
Rupee
67.0100

Prev
Close

%
Chg

67.1800

Dollar Index

95.87

96.31

Euro

1.1154

1.1090

0.25%
0.44%
+0.57
%

Global Commodities
Commodit Close
Prev.Clos % Chg
y
e
Gold
1325.5 1343.60
-1.34%
5
Silver
20.182 20.413
-1.13%
Crude
45.62
44.75
+1.94%
Copper
2.242
2.240
+0.09%
OUR PREVIOUS CALLS UPDATE

Intraday super star

Date Currenc Entry
Exit
P/L
y
14/07 EURINR 74.550 74.700 7000
0
0
Trifid special
Date Currenc Entry
Exit
P/L
y
14/0 GBPINR 88.700 88.430 1080

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Overview
USDINR

EURINR

USDINR showed sideways to bearish movement broke its

support level closed below it.

EURINR trades negative for whole session except last

trading hour and able to close in green.

Now, if it is able to maintains below psychological level of

67.0000 then more selling pressure seen towards next
support level of 66.7000.

Now, 75.0000 is act as immediate resistance for it above

which next resistance is seen around 75.3000. If sustain
below 74.5000 may give correction upto 74.3000.

R1
67.3000

R1

R2

S1

S2

75.0000

75.5000

74.3000

74.0000

R2
67.5000

S1
66.8000

S2
66.5000

GBPINR

JPYINR

GBPINR opened gap down trades in negative territory,

after bank rate showed sharp bullish rally and closed on
positive note.

JPYINR showed negative movement and closed below

its support level.

Now, 90.0000 is crucial level for it closing above which

may take it towards next vital resistance i.e. 91.6000.

Now, if it breaks support of 63.0000 then may find next

support of trendline on daily charts around 62.7000. On
higher levels 63.8000 will act as resistance for it.

R1
90.0000

R1
63.8000

R2
90.5000

S1
89.0000

S2
88.4000

R2
64.2000

S1
63.2000

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S2
62.7000

Intraday Super Star

(Premium Section)

JPYINR trades near trendline acting as resistance for it and on intraday charts closed above it. If sustain above
mentioned level may give some correction.
BUY ABOVE 63.8000 TARGETS 63.9500/64.1500 SL 63.5500.

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Trifid Special
(Premium Section)

GBPINR showed bullish movement after bank rate, looks positive if break resistance level.
BUY ABOVE 89.8000 TARGET 90.1000 SL 89.3000.

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