Wednesday, August 10, 2016

JAPANESE YEN (JPY/USD) Strategy : 11.08.2016

JAPANESE YEN (JPY/USD) Strategy : 11.08.2016


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 Japanese Yen appreciated by 0.61 percent yesterday owing to US Dollar weakness. Moreover, markets discounted the robust release of current account data from the nation. Current account
surplus jumped to JPY 1.65 trillion, up from JPY 1.45 trillion a month earlier. This figure beat the forecast of JPY 1.60 trillion and marked a 3-month high.

BoJ monetary meeting outcome has played with the investors mind. The government approved 13.5 trillion yen ($132.04 billion) in fiscal measures, with 7.5 trillion yen in spending by the national
and local governments as part of Prime Minister Shinzo Abe's 28 trillion yen fiscal stimulus package, announced last week in a bid to boost the country's flagging economy.


OUTLOOK
Japanese yen is expected to trade slightly positive owing to DX weakness. Risk appetite continues to be low as investors feared the BoJ was out of easing ammunition and might leave it to fiscal
policy to stimulate the economy.

BoJ Outlook

 Inflation outlook for fiscal 2017 and 2018 are roughly unchanged from initial estimates.
 Central bank to ease more to hit 2 percent inflation target if necessary.
 BoJ to up dollar lending facility to y24 bln from y12 bln
 BoJ to support firms, banks in securing dollar funds
 Kuroda orders staff to examine negative rate impact
 Strong uncertainty on timing for hitting 2 pct target mainly due to overseas risks.

Economic indicators to be released on 11-Aug-16

Indicator Country Time (IST) Actual Forecast Previous Impact
Unemployment Claims US 6:00pm - 272K 269K High
Import Prices m/m US 6:0pm - -0.2% 0.2% Medium
Mortgage Delinquencies US 7:30pm - - 4.77% Medium

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STERLING POUND (GBPUSD) Strategy : 11.08.2016

STERLING POUND (GBPUSD) Strategy : 11.08.2016

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 The sterling pound surged by 0.05 percent as recent lows in the currency has prompted the traders to place fresh bets. Investors are speculating that recent disappointing stimulus package introduced by BoE could prompt a greater fiscal policy response to Brexit-based uncertainty.
Lack of important economic data releases from the nation prompted the traders to focus on the outcome of BoE monetary policy review where the policymakers announced a surprise
package which comprised of a rate cut of 25 basis points to 0.25 percent. many other measures were also introduced to stimulate the Britain economy in the wake of the Brexit vote. BoE inflation
report shows biggest downgrade to growth outlook.

OUTLOOK

Sterling Pound is expected to trade sideways as markets are speculating a greater fiscal policy response by BoE to Brexit-based uncertainty. Manufacturing PMI declined to 48.2 in July’16 from
previous months 49.1.

Economic News :

1.Manufacturing PMI declined to 48.2 in July’16 from previous months 49.1.

2.CPI came on a good note at 0.5 percent in June’16 from 0.3 percent in May’16

3. Retails sales declined by 0.9 percent in June ’16 from previous months 0.9 percent.

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EURO (EURUSD) Currency Strategy : 11.08.2016

EURO (EURUSD) Strategy : 11.08.2016

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Euro currency traded higher by 0.5 percent yesterday owing to weakness seen in the American currency. Moreover, the Eurozone government has set out new fiscal targets for Portugal and
Spain as they backed the decision by the European Union’s executive not to fine them for missing deficit targets.

However, sharp gains were restricted as excess liquidity in the Euro-zone marginally fell to E977.626bln on Friday from E982.096bln the night before according to latest ECB figures.
Moreover, the Bundesbank boss and ECB governing council's Weidmann in an interview signaled at the possibility of adjusting the bond-buying programme. They also acknowledged the fact
that they might be a pressure of keeping interest rates low as highly indebted countries could not withstand a rate rise.

OUTLOOK

Euro is expected to trade lower as a recent report from an agency showed that ECB officials have spent around £822billion (€958bn) in purchasing of bonds since Mar’15, hoping to lower borrowing
costs and spark growth.

Economic News

 Spanish Manufacturing PMI declined to 51.0 in July'16 from previous months 52.2.
 CPI Flash Estimate for the month of July’16 surged by 0.2 percent from previous months 0.1 percent.
 German Retail Sales plunged by 0.1 percent in July’16 from a gain of 0.7 percent in previous month.
 Prelim Flash GDP for q/e June’16 plunged by 0.3 percent from previous quarters 0.6 percent.
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INDIAN RUPEE (USDINR) Strategy : 11.08.2016

INDIAN RUPEE (USDINR) Strategy : 11.08.2016

The Indian rupee traded on a flat yesterday owing to DX weakness. Moreover, the Reserve Bank of India in its third BiMonthly Monetary Policy review kept the repo rate unchanged at 6.5 percent. Moreover, all the other important rates such as the marginal standing facility and bank rate along with reverse repo rate and cash reserve ratio was kept unaltered at 7 percent, 6 percent and 4 percent respectively.
The central bank has also emphasized adequate provision of  liquidity and will continue with liquidity operations, FX intervention to enable fcnr(b) redemption without market disruption. RBI says GST tax implementation will improve business sentiment, retains growth forecast at 7.6 pct for 2016-17.

RBI says  "upside" risks to 5 pct inflation target for Mar’17. For the month of August 2016, FII inflows in equities totaled at Rs. 2290.01 crores ($342.45 million) as on 5th August, 2016. Year to
date basis, net capital outflows stood at Rs. 34068.42 crores ($5122.96 million) as on 5th August, 2016.

OUTLOOK

Rupee is likely to trade positive as markets discount the recent RBI monetary policy review where the governor kept the rates unchanged which went with the markets predictions. Moreover,
weakness in the DX will keep the INR supportive. 
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CURRENCY MARKET OVERVIEW : 11.08.2016

CURRENCY MARKET OVERVIEW : 11.08.2016

Asian markets are trading mixed. Metal and mining stocks took a hit in Tokyo after the Chinese steel futures fell overnight. Moreover, Japanese stocks are also trading lower as strong Yen weighed heavily on the Japanese retail and exporters’ stocks.

US DOLLAR INDEX (USD)

After standing strong in the past 2-3 days, the American currency fell by 0.5 percent. This was mainly due to the recent strength in the currency that prompted the traders to book profits.
However, sharp losses were capped as markets discount the robust release of ADP and NFP employment data from the nation that came far better than the expected levels in July’16. Amid
uncertain global conditions, there has been a decent demand for workers which clearly indicates that the labour markets have finally found some stability.

 US Dollar Index made an intraday low of 95.38 and closed at 95.61 levels on Monday
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Rupee is likely to positive: 09.02Am

Rupee is likely to positive: 09.02Am

Rupee is likely to trade positive as markets discount the recent RBI monetary policy review where the governor kept the rates unchanged which went with the markets predictions.

 US DOLLAR INDEX (USD) After standing strong in the past 2 - 3 days, the American currency  fell by 0. 5 percent. This was mainly due to the recent strength in  the currency that prompted the traders to book profits. However, sharp losses were capped as markets discount the  robust release of ADP and NFP employment data from the nation  that came far bet ter than the expected levels in July’16. Amid  uncertain global conditions, there has been a decent demand for  workers which clearly indicates that the labour markets have  finally found some stability.

 US Dollar Index made an intraday low of 9 5.38 and clos ed at  9 5.61 levels on Monday. OUTLOOK Rupee is likely to trade positive as  markets discount the  recent RBI  monetary  policy review where the governor kept the rates unchanged which went with the markets predictions. Moreover, weakness in  the DX will keep the INR supportive.

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Usdinr Intraday Calls, 1st Session: 11.Aug.2016


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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 9.11 Am : Buy USDINR (AUG) SA 67.11 SL 67.00 Target 67.21 / 67.29 / 67.37
9.11 Am : Sell USDINR (AUG) SB 66.95 SL 67.06 Target 66.85 / 66.77 / 66.69
 USDINR (AUG) : INTRADAY TREND : UP SL : 66.95 

 9.11 Am : Buy EURINR (AUG) SA 74.98 SL 74.87 Target 75.08 / 75.16 / 75.24
9.11 Am : Sell EURINR (AUG) SB 74.82 SL 74.93 Target 74.72 / 74.64 / 74.56
 EURINR (AUG) : INTRADAY TREND : UP SL : 74.65 

 9.11 Am : Buy GBPINR (AUG) SA 87.30 SL 87.19 Target 87.40 / 87.48 / 87.56
9.11 Am : Sell GBPINR (AUG) SB 87.14 SL 87.25 Target 87.04 / 86.96 / 86.88
 GBPINR (AUG) : INTRADAY TREND : DOWN SL : 87.45 

 9.11 Am : Buy JPYINR (AUG) SA 66.21 SL 66.10 Target 66.31 / 66.39 / 66.47
9.11 Am : Sell JPYINR (AUG) SB 66.05 SL 66.16 Target 65.95 / 65.87 / 65.79
 JPYINR (AUG) : INTRADAY TREND : UP SL : 65.95 
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Rupee ends higher by 12 paise against dollar

Rupee ends higher by 12 paise against dollar

The rupee opened higher at 66.68 against last closing level of 66.84 per dollar at the Interbank Foreign Exchange (Forex) market.

 It hovered in a range of 66.6650 and 66.7825 before closing at 66.72 a dollar, showing a gain of 12 paise or 0.18 percent.

 The rupee ended higher by 12 paise at 66.72 against the US currency on dollar selling by banks and exporters on the back of persistent foreign capital inflows.

 A weak dollar in overseas markets also strengthened the rupee sentiment, a dealer said. The rupee opened higher at 66.68 against last closing level of 66.84 per dollar at the Interbank Foreign Exchange (Forex) market. It hovered in a range of 66.6650 and 66.7825 before closing at 66.72 a dollar, showing a gain of 12 paise or 0.18 percent.

The dollar index was trading down by 0.52 percent against a basket of six currencies in late afternoon trade. Meanwhile, the RBI fixed the reference rate for the dollar at 66.7442 and euro at 74.3797. In cross-currency trades, the rupee fell against the pound sterling to 87.22 from 86.72 yesterday and also dropped against the Japanese yen to end at 65.94 per 100 yens from 65.39

. The domestic unit fell against the euro to 74.61 from 74.05. Pramit Brahmbhatt of Veracity Financial Services said, "Rupee opened much stronger at 66.68/USD with a gain of 16 paise as dollar traded weaker on back of weak US economic data." The rupee trimmed some of the gains due to weak equity markets, he added. "Trading range for the spot USD/INR pair will be 66.50 to 67/USD," he said.

The BSE sensex ended lower by 310.28 points or 1.10 percent to 27,774.8. In the forward market, premium for dollar firmed up on fresh paying pressure from corporates.

The benchmark six-month premium for January 2017 moved up to 191-192 paise from 189-191 paise yesterday and for forward July 2017 contract also finished higher at 390-392 paise from 388-390 paise. Meanwhile, oil prices extended losses in Asia today after industry data showed a rise in US crude stockpiles, supporting oversupply concerns.

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10.Aug.2016: Profit Rs.40250 per lot in Commodity Premium Pack Today

Profit Rs.40250 per lot in Commodity Premium Pack Today
Profit Rs.40250 per lot in Commodity Premium Pack Today
REGISTER FOR LIVE TRIAL TIPS CURRENCY / COMMODITY / COMMODITY MINI / EQUITY / OPTION / FOREX -Click Here: 

BUY ALUMINIUM SA 110 SL 108.50 TGT 110.50 / 111 / 111.50 (Profit Rs.2500 per lot)
BUY COPPER SA 319.75 SL 315.75 TGT 321.75 / 323.75 /325.75 (Profit Rs.4000 per lot)
SHORT CRUDEOIL SB 2850 SL 2950 TGT 2800 / 2750 / 2700 (Profit Rs.5000 per lot)
BUY NICKEL SA 724 SL 710 TGT 734 / 744 / 754 (Profit Rs.2500 per lot)
SHORT GOLD SB 31475 SL 31675 TGT 31400 / 31325 / 31250 (Profit Rs.15000 per lot)
BUY LEAD SA 121.50 SL 120 TGT 122.50 / 123.50 / 124.50 (Profit Rs.5000 per lot)
BUY NATURALGAS SA 176 SL TGT 177 / 178 / 179 (Profit Rs.1250 per lot)

BUY ZINC SA 153 SL 151.50 TGT 154 / 155 /156 (Profit Rs.5000 per lot) 

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10.Aug.2016: Profit 52 Paise in CURRENCY TIPS, CURRENCY PREMIUM PACK TODAY

Profit 52 Paise in CURRENCY PREMIUM TIPS TODAY
Profit 52 Paise in CURRENCY PREMIUM TIPS TODAY

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www.rupeedesk.in

BUY USDINR SA 66.90 SL 66.60 TGT 66.98 / 67.08 / 67.18 (Profit 8 Paise)
BUY EURINR SA 74.65 SL 74.35 Target 74.75 / 74.85 / 74.95 (Profit 20 Paise)
Buy GBPINR SA 87.46 SL 87.16 Target 87.60 / 87.84 / 88 (Profit 14 Paise)
BUY JPYINR SA 66.08 SL 65.78 TGT 66.18 / 66.30 / 66.42 (Profit 10 Paise) 
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Live Usdinr Tips, 6th Session: 10.Aug.2016

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 4.55 Pm : Buy USDINR (AUG) SA 66.97 SL 66.86 Target 67.07 / 67.15 / 67.23
4.55 Pm : Sell USDINR (AUG) SB 66.81 SL 66.92 Target 66.71 / 66.63 / 66.55
 USDINR (AUG) : INTRADAY TREND : DOWN SL : 67.00 

 4.55 Pm : Buy EURINR (AUG) SA 74.93 SL 74.82 Target 75.03 / 75.11 / 75.19
4.55 Pm : Sell EURINR (AUG) SB 74.77 SL 74.88 Target 74.67 / 74.59 / 74.51
 EURINR (AUG) : INTRADAY TREND : UP SL : 74.55 

 4.55 Pm : Buy GBPINR (AUG) SA 87.62 SL 87.51 Target 87.72 / 87.80 / 87.88
4.55 Pm : Sell GBPINR (AUG) SB 87.46 SL 87.57 Target 87.36 / 87.28 / 87.20
 GBPINR (AUG) : INTRADAY TREND : UP SL : 87.30 

 4.55 Pm : Buy JPYINR (AUG) SA 66.18 SL 66.07 Target 66.28 / 66.36 / 66.44
4.55 Pm : Sell JPYINR (AUG) SB 66.02 SL 66.13 Target 65.92 / 65.84 / 65.76
 JPYINR (AUG) : INTRADAY TREND : UP SL : 65.90 
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Hot Rupee Calls, 5th Session: 10.Aug.2016


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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 4.30 Pm : Buy USDINR (AUG) SA 66.95 SL 66.84 Target 67.05 / 67.13 / 67.21
4.30 Pm : Sell USDINR (AUG) SB 66.79 SL 66.90 Target 66.69 / 66.61 / 66.53
 USDINR (AUG) : INTRADAY TREND : DOWN SL : 67.00 

 4.30 Pm : Buy EURINR (AUG) SA 74.86 SL 74.75 Target 74.96 / 75.04 / 75.12
4.30 Pm : Sell EURINR (AUG) SB 74.70 SL 74.81 Target 74.60 / 74.52 / 74.44
 EURINR (AUG) : INTRADAY TREND : UP SL : 74.50 

 4.30 Pm : Buy GBPINR (AUG) SA 87.55 SL 87.44 Target 87.65 / 87.73 / 87.81
4.30 Pm : Sell GBPINR (AUG) SB 87.39 SL 87.50 Target 87.29 / 87.21 / 87.13
 GBPINR (AUG) : INTRADAY TREND : UP SL : 87.30 

 4.30 Pm : Buy JPYINR (AUG) SA 66.15 SL 66.04 Target 66.25 / 66.33 / 66.41
4.30 Pm : Sell JPYINR (AUG) SB 65.99 SL 66.10 Target 65.89 / 65.81 / 65.73
 JPYINR (AUG) : INTRADAY TREND : UP SL : 65.90 
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Mcxsx Rupee Tips, 4th Session: 10.Aug.2016


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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 4.03 Pm : Buy USDINR (AUG) SA 66.99 SL 66.88 Target 67.09 / 67.17 / 67.25
4.03 Pm : Sell USDINR (AUG) SB 66.83 SL 66.94 Target 66.73 / 66.65 / 66.57
 USDINR (AUG) : INTRADAY TREND : DOWN SL : 67.00 

 4.03 Pm : Buy EURINR (AUG) SA 74.86 SL 74.75 Target 74.96 / 75.04 / 75.12
4.03 Pm : Sell EURINR (AUG) SB 74.70 SL 74.81 Target 74.60 / 74.52 / 74.44
 EURINR (AUG) : INTRADAY TREND : UP SL : 74.55 

 4.03 Pm : Buy GBPINR (AUG) SA 87.54 SL 87.43 Target 87.64 / 87.72 / 87.80
4.03 Pm : Sell GBPINR (AUG) SB 87.38 SL 87.49 Target 87.28 / 87.20 / 87.12
 GBPINR (AUG) : INTRADAY TREND : UP SL : 87.30 

 4.03 Pm : Buy JPYINR (AUG) SA 66.14 SL 66.03 Target 66.24 / 66.32 / 66.40
4.03 Pm : Sell JPYINR (AUG) SB 65.98 SL 66.09 Target 65.88 / 65.80 / 65.72
 JPYINR (AUG) : INTRADAY TREND : UP SL : 65.90 
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Free Jpyinr Intraday Tips, 3rd Session: 10.Aug.2016

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 2.05 Pm : Buy USDINR (AUG) SA 67.04 SL 66.93 Target 67.14 / 67.22 / 67.30
2.05 Pm : Sell USDINR (AUG) SB 66.88 SL 66.99 Target 66.78 / 66.70 / 66.62
 USDINR (AUG) : INTRADAY TREND : DOWN SL : 67.00 

 2.05 Pm : Buy EURINR (AUG) SA 74.76 SL 74.65 Target 74.86 / 74.94 / 75.02
2.05 Pm : Sell EURINR (AUG) SB 74.60 SL 74.71 Target 74.50 / 74.42 / 74.34
 EURINR (AUG) : INTRADAY TREND : UP SL : 74.50 

 2.05 Pm : Buy GBPINR (AUG) SA 87.50 SL 87.39 Target 87.60 / 87.68 / 87.76
2.05 Pm : Sell GBPINR (AUG) SB 87.34 SL 87.45 Target 87.24 / 87.16 / 87.08
 GBPINR (AUG) : INTRADAY TREND : UP SL : 87.25 

 2.05 Pm : Buy JPYINR (AUG) SA 66.10 SL 65.99 Target 66.20 / 66.28 / 66.36
2.05 Pm : Sell JPYINR (AUG) SB 65.94 SL 66.05 Target 65.84 / 65.76 / 65.68
 JPYINR (AUG) : INTRADAY TREND : UP SL : 65.80 
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Rupee Yahoo Tips, 2nd Session: 10.Aug.2016

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 12.50 Pm : Buy USDINR (AUG) SA 67.03 SL 66.92 Target 67.13 / 67.21 / 67.29
12.50 Pm : Sell USDINR (AUG) SB 66.87 SL 66.98 Target 66.77 / 66.69 / 66.61
 USDINR (AUG) : INTRADAY TREND : DOWN SL : 67.00 

 12.50 Pm : Buy EURINR (AUG) SA 74.74 SL 74.63 Target 74.84 / 74.92 / 75.00
12.50 Pm : Sell EURINR (AUG) SB 74.58 SL 74.69 Target 74.48 / 74.40 / 74.32
 EURINR (AUG) : INTRADAY TREND : UP SL : 74.40 

 12.50 Pm : Buy GBPINR (AUG) SA 87.42 SL 87.31 Target 87.52 / 87.60 / 87.68
12.50 Pm : Sell GBPINR (AUG) SB 87.26 SL 87.37 Target 87.16 / 87.08 / 87.00
 GBPINR (AUG) : INTRADAY TREND : UP SL : 87.25 

 12.50 Pm : Buy JPYINR (AUG) SA 66.07 SL 65.96 Target 66.17 / 66.25 / 66.33
12.50 Pm : Sell JPYINR (AUG) SB 65.91 SL 66.02 Target 65.81 / 65.73 / 65.65
 JPYINR (AUG) : INTRADAY TREND : UP SL : 65.80 
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