Thursday, September 8, 2016

USD/JPY TECHNICAL OUTLOOK : 09.09.2016

USD/JPY TECHNICAL OUTLOOK : 09.09.2016

NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE

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USD/JPY. Pair after opening at 101.76 and made a high of 102.46 and was seen BUYING pressure from the downward levels the trend line marked in the report few days back, the pair is having a key support at 100- 99.50 in the near term and is likely to hold that for the near term and intraday dips utilized to buy the pair

Fundamental Overview

Yen is trading at 102.10,depreciating against the US dollar as markets took to the US dollar in yesterday’s trade. Positive economic data reported from Japan yesterday failed to help the currency appreciate as investors remain hungry for additional stimulus from the Bank of Japan. We expect the Japanese Yen to trade in the broader range of 100.50-103.00 going into the FOMC September meeting.


Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
10:00:00 AM JPY Tertiary Industry Activity Index (MoM) 0.40% 0.80%

GBP/USD TECHNICAL OUTLOOK : 09.09.2016

GBP/USD TECHNICAL OUTLOOK : 09.09.2016

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GBP/USD. Pair after opening at 1.3335 made a high of 1.3375 , and saw some profit booking from the higher levels after a strong run up from the past weeks, the pair is likely to consolidate near the 50DMA at 1.3315 and any close below that will trigger reversal for short term traders so intraday the pair would be volatile

Fundamental Overview

Pound is trading at 1.3322, continuing with the downturn after the manufacturing production numbers were reported below expectations. Comments from the Bank of England governor Carney, indicating the banks willingness to act if required added to the Pound’s weakness. Inflation expectations and trade balance data would add to the volatility but it the movement would be limited to 1.33-1.34 for the day

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:00:00 PM GBP Trade Balance (Jul) -11.75B -12.41B
2:00:00 PM GBP Trade Balance Non-EU (Jul) -3.70B -4.16B

EUR/USD TECHNICAL OUTLOOK : 09.09.2016

EUR/USD TECHNICAL OUTLOOK : 09.09.2016

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EUR/USD. Pair after opening at 1.1239 Made a high of 1.1327 and was trading with positive bias, during the day after violating the resistance of 1.1260 had strong run-up and made a high of 1.1327 and corrected from there until pair break below 1.1200 the pair would be consolidate in 1.1210-1.1300 range for near term

Fundamental Overview

Euro is trading at 1.1278, appreciating against the US dollar as markets were disappointed that the ECB did not announce any additional stimulus nor at least give some future guidance. Euro appreciated after the news and is likely to face strong resistance near the 1.14 mark. German trade balance, due to be reported today is unlikely to have a major impact on the shared currency.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 AM EUR German Trade Balance (Jul) 22.0B 21.7B
6:30:00 PM EUR Eurogroup Meetings

USDINR TECHNICAL OUTLOOK : 09.09.2016

USDINR TECHNICAL OUTLOOK : 09.09.2016

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Above is the Daily Chart of USDINR, the pair after opening at 66.67and made a high of 66.69 and trading side wise to negative the pair is trading below the crucial support of 66.65 (200DMA) that will act as a strong resistance in the pair and until that crossed on the upside the pair is likely to find strong supply there

Fundamental Overview

US dollar index is trading at 94.86, recouping the losses from the last few sessions. Major focus was on the ECB yesterday, but the fall in risk appetite aided in the US dollar in its recovery. After the ECB, now focus turns to the US FOMC meeting this month. Expectations remain low for a rate hike this month but markets are likely to continue with the guessing game, leaving the US dollar supported at these levels.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:15:00 PM USD FOMC Member Rosengren Speaks
7:00:00 PM USD FOMC Member Kaplan Speaks
10:30:00 PM USD Baker Hughes U.S. Rig Count

MARKET OUTLOOK : 09.09.2016

MARKET OUTLOOK : 09.09.2016

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Asian markets, tracking the weak close of the west, are seen in the red this morning as markets take a break from the rallies of the last few days. Expectations of additional stimulus from the ECB were not met and led to some disappointment for the bulls.

US dollar gained some more ground from the lows that were seen Friday to Tuesday but markets continued to assume no rate hike this month.

Limited economic data could leave the majors range bound with Euro being active in the afternoon
session.

Indian rupee is expected to open on another negative note reflecting the risk off sentiment that is being seen from yesterday and the trend is likely to continue today

Rupee slips 13 paise against dollar in early trade : 09.09.2016

Rupee slips 13 paise against dollar in early trade : 09.09.2016

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The rupee today lost 13 paise to 66.55 against the US dollar in early trade at the inter-bank foreign exchange market on increased demand for the US currency from importers and banks.

The rupee today lost 13 paise to 66.55 against the US dollar in early trade at the inter-bank foreign exchange market on increased demand for the US currency from importers and banks.

 Besides, strength in the dollar against some other currencies overseas also weighed on the domestic currency.

Dealers attributed the rupee's fall to increased demand for the US currency and a lower opening in the domestic equity market.

On Thursday, the rupee had closed at 66.42 against the US dollar, ending a 6-day winning streak due to mild demand for the American currency. Meanwhile, the benchmark BSE Sensex fell 142.73 points or 0.49 per cent to 28,902.55 in opening trade today.

Rupee falls further, opens 16 paise lower at 66.57/$ : 09.09.2016

Rupee falls further, opens 16 paise lower at 66.57/$ : 09.09.2016

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The Indian rupee has opened at 66.57 per dollar, down 16 paise compared with previous day's closing value of 66.41 a dollar.

The Indian rupee fell in early trade Friday for the second consecutive session on recovery in US dollar. The currency has opened at 66.57 per dollar, down 16 paise compared with previous day's closing value of 66.41 a dollar.
Last Friday's disappointing US non-farm payroll data has pushed back expectation of a Fed rate hike. Emerging markets have reacted positively and spot USD-INR was thus able to break below Rs 66.80/USD.

 USD-INR pair to consolidate around Rs 66.40/USD. Meanwhile, the US dollar rose against the yen, spurred by a jump in oil prices that put upward pressure on US. Inflation expectations and pushed traders to increase their outlook on a rate hike from the Federal Reserve.

 The euro rose to a two-week high after the European Central Bank downplayed the need for more economic stimulus.

Rupee to consolidate around 66.40/USD: 09.09.2016

Rupee to consolidate around 66.40/USD: 09.09.2016

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The 10-year benchmark bond yield is likely to move towards the 7% level,

last Friday's disappointing US non-farm payroll data has pushed back expectation of a Fed rate hike. Emerging markets have reacted positively and spot USD-INR was thus able to break below Rs 66.80/USD.

The USD-INR pair to consolidate around Rs 66.40/USD. "The 10-year benchmark bond yield is likely to move towards the 7% level,"

Free Eurinr Tips, 1st Session: 9.Sep.2016

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

9.18 am : Buy USDINR (SEP) SA 66.77 SL 66.66 Target 66.87 / 66.95 / 67.03
9.18 am : Sell USDINR (SEP) SB 66.61 SL 66.72 Target 66.51 / 66.43 / 66.35
 USDINR (SEP) : INTRADAY TREND : UP SL : 66.60 

9.18 am : Buy EURINR (SEP) SA 75.34 SL 75.23 Target 75.44 / 75.52 / 75.60
9.18 am : Sell EURINR (SEP) SB 75.18 SL 75.29 Target 75.08 / 75.00 / 74.92
 EURINR (SEP) : INTRADAY TREND : UP SL : 75.10 

9.18 am : Buy GBPINR (SEP) SA 88.96 SL 88.85 Target 89.06 / 89.14 / 89.22
9.18 am : Sell GBPINR (SEP) SB 88.80 SL 88.91 Target 88.70 / 88.62 / 88.54
 GBPINR (SEP) : INTRADAY TREND : DOWN SL : 89.00 

9.18 am : Buy JPYINR (SEP) SA 65.40 SL 65.29 Target 65.50 / 65.58 / 65.66
9.18 am : Sell JPYINR (SEP) SB 65.24 SL 65.35 Target 65.14 / 65.06 / 64.98
 JPYINR (SEP) : INTRADAY TREND : DOWN SL : 65.50 

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Buy EURINR SA 75.05 SL 74.75 Target 75.15 / 75.25 / 75.35 (Profit 20 Paise)
Short GBPINR Sb 88.95 SL 89.25 Target 88.80 / 88.65 / 88.50 (Profit 15 Paise)
SHORT USDINR SB 66.65 SL 66.95 TGT 66.57 / 66.45 / 66.30 (Profit 8 Paise)
BUY JPYINR SA 65.57 SL 65.27 TGT 67.67 / 67.77 / 67.87 (Profit 10 Paise)

INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) 5:39 PM

 INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) 5:39 PM

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5:39 PM INTRADAY Buy EURUSD SA 1.1314 SL 1.1300 Target 1.1324 / 1.1335 / 1.1346
5:39 PM INTRADAY Sell EURUSD SB 1.1288 SL 1.1302 Target 1.1278 / 1.1267 / 1.1256

5:39 PM INTRADAY Buy GBPUSD SA 1.3367 SL 1.3353 Target 1.3377 / 1.3388 / 1.3399
5:39 PM INTRADAY Sell GBPUSD SB 1.3341 SL 1.3355 Target 1.3331 / 1.3320 / 1.3309

5:39 PM INTRADAY Buy USDCHF SA 0.9677 SL 0.9663 Target 0.9687 / 0.9698 / 0.9709
5:39 PM INTRADAY Sell USDCHF SB 0.9651 SL 0.9665 Target 0.9641 / 0.9630 / 0.9619

5:39 PM INTRADAY Buy USDJPY SA 101.76 SL 101.62 Target 101.86 / 101.97 / 102.08
5:39 PM INTRADAY Sell USDJPY SB 101.50 SL 101.64 Target 101.40 / 101.29 / 101.18

5:39 PM INTRADAY Buy USDCAD SA 1.2887 SL 1.2873 Target 1.2897 / 1.2908 / 1.2919
5:39 PM INTRADAY Sell USDCAD SB 1.2861 SL 1.2875 Target 1.2851 / 1.2840 / 1.2829

5:39 PM INTRADAY Buy AUDUSD SA 0.7737 SL 0.7723 Target 0.7747 / 0.7758 / 0.7769
5:39 PM INTRADAY Sell AUDUSD SB 0.7711 SL 0.7725 Target 0.7701 / 0.7690 / 0.7679

5:39 PM INTRADAY Buy EURGBP SA 0.8479 SL 0.8465 Target 0.8489 / 0.8500 / 0.8511
5:39 PM INTRADAY Sell EURGBP SB 0.8453 SL 0.8467 Target 0.8443 / 0.8432 / 0.8421

5:39 PM INTRADAY Buy EURAUD SA 1.4646 SL 1.4632 Target 1.4656 / 1.4667 / 1.4678
5:39 PM INTRADAY Sell EURAUD SB 1.4620 SL 1.4634 Target 1.4610 / 1.4599 / 1.4588

5:39 PM INTRADAY Buy EURCHF SA 1.0938 SL 1.0924 Target 1.0948 / 1.0959 / 1.0970
5:39 PM INTRADAY Sell EURCHF SB 1.0912 SL 1.0926 Target 1.0902 / 1.0891 / 1.0880

5:39 PM INTRADAY Buy EURJPY SA 114.98 SL 114.84 Target 115.08 / 115.19 / 115.30


5:39 PM INTRADAY Sell EURJPY SB 114.72 SL 114.86 Target 114.62 / 114.51 / 114.40

Currency Market Update 08-09-2016 17:16 Pm

 Currency Market Update 08-09-2016 17:16 Pm


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Currency Market Update
08-09-2016 17:16
USDINR:Trend-Down
EURINR:Trend-UP
GBPINR:Trend-Down
JPYINR:Trend-UP
EURUSD:Trend-UP
GBPUSD:Trend-UP
USDCHF:Trend-Down
USDJPY:Trend-Down
USDCAD:Trend-Down
AUDUSD:Trend-UP
EURGBP:Trend-UP
EURAUD:Trend-Down
EURCHF:Trend-UP
EURJPY:Trend-UP

Hot Currency Tips, 6th Session: 8.Sep.2016

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

4.13 Pm : Buy USDINR (SEP) SA 66.66 SL 66.55 Target 66.76 / 66.84 / 66.92
4.13 Pm : Sell USDINR (SEP) SB 66.50 SL 66.61 Target 66.40 / 66.32 / 66.24
 USDINR (SEP) : INTRADAY TREND : UP SL : 66.55 

4.13 Pm : Buy EURINR (SEP) SA 75.34 SL 75.23 Target 75.44 / 75.52 / 75.60
4.13 Pm : Sell EURINR (SEP) SB 75.18 SL 75.29 Target 75.08 / 75.00 / 74.92
 EURINR (SEP) : INTRADAY TREND : UP SL : 75.00 

4.13 Pm : Buy GBPINR (SEP) SA 89.05 SL 88.94 Target 89.15 / 89.23 / 89.31
4.13 Pm : Sell GBPINR (SEP) SB 88.89 SL 89.00 Target 88.79 / 88.71 / 88.63
 GBPINR (SEP) : INTRADAY TREND : DOWN SL : 89.05 

4.13 Pm : Buy JPYINR (SEP) SA 65.60 SL 65.49 Target 65.70 / 65.78 / 65.86
4.13 Pm : Sell JPYINR (SEP) SB 65.44 SL 65.55 Target 65.34 / 65.26 / 65.18
 JPYINR (SEP) : INTRADAY TREND : UP SL : 65.40 

Rupee Usdinr Tips, 5th Session: 8.Sep.2016

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

4.13 Pm : Buy USDINR (SEP) SA 66.66 SL 66.55 Target 66.76 / 66.84 / 66.92
4.13 Pm : Sell USDINR (SEP) SB 66.50 SL 66.61 Target 66.40 / 66.32 / 66.24
 USDINR (SEP) : INTRADAY TREND : UP SL : 66.55 

4.13 Pm : Buy EURINR (SEP) SA 75.34 SL 75.23 Target 75.44 / 75.52 / 75.60
4.13 Pm : Sell EURINR (SEP) SB 75.18 SL 75.29 Target 75.08 / 75.00 / 74.92
 EURINR (SEP) : INTRADAY TREND : UP SL : 75.00 

4.13 Pm : Buy GBPINR (SEP) SA 89.05 SL 88.94 Target 89.15 / 89.23 / 89.31
4.13 Pm : Sell GBPINR (SEP) SB 88.89 SL 89.00 Target 88.79 / 88.71 / 88.63
 GBPINR (SEP) : INTRADAY TREND : DOWN SL : 89.05 

4.13 Pm : Buy JPYINR (SEP) SA 65.60 SL 65.49 Target 65.70 / 65.78 / 65.86
4.13 Pm : Sell JPYINR (SEP) SB 65.44 SL 65.55 Target 65.34 / 65.26 / 65.18
 JPYINR (SEP) : INTRADAY TREND : UP SL : 65.40 

Global Currency Calls, 4th Session: 8.Sep.2016

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

2.14 Pm : Buy USDINR (SEP) SA 66.66 SL 66.55 Target 66.76 / 66.84 / 66.92
2.14 Pm : Sell USDINR (SEP) SB 66.50 SL 66.61 Target 66.40 / 66.32 / 66.24
 USDINR (SEP) : INTRADAY TREND : UP SL : 66.55 

2.14 Pm : Buy EURINR (SEP) SA 75.18 SL 75.07 Target 75.28 / 75.36 / 75.44
2.14 Pm : Sell EURINR (SEP) SB 75.02 SL 75.13 Target 74.92 / 74.84 / 74.76
 EURINR (SEP) : INTRADAY TREND : UP SL : 74.85 

2.14 Pm : Buy GBPINR (SEP) SA 89.00 SL 88.89 Target 89.10 / 89.18 / 89.26
2.14 Pm : Sell GBPINR (SEP) SB 88.84 SL 88.95 Target 88.74 / 88.66 / 88.58
 GBPINR (SEP) : INTRADAY TREND : DOWN SL : 89.05 

2.14 Pm : Buy JPYINR (SEP) SA 65.66 SL 65.55 Target 65.76 / 65.84 / 65.92
2.14 Pm : Sell JPYINR (SEP) SB 65.50 SL 65.61 Target 65.40 / 65.32 / 65.24
 JPYINR (SEP) : INTRADAY TREND : UP SL : 65.40 

RBI REFERENCE RATE FOR INDIAN CURRENCY TODAY: 8.Sep.2016

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=======================================================================

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As on 8
.Sep.2016 at 12.00Pm Hrs(IST)

USDINR : 66.4483

EURINR : 74.7676
GBPINR : 88.6088
JPYINR  : 65.3300
=======================================================================

Gbpinr Intraday Calls, 3rd Session: 8.Sep.2016

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

1.12 Pm : Buy USDINR (SEP) SA 66.66 SL 66.55 Target 66.76 / 66.84 / 66.92
1.12 Pm : Sell USDINR (SEP) SB 66.50 SL 66.61 Target 66.40 / 66.32 / 66.24
 USDINR (SEP) : INTRADAY TREND : UP SL : 66.55 

1.12 Pm : Buy EURINR (SEP) SA 75.12 SL 75.01 Target 75.22 / 75.30 / 75.38
1.12 Pm : Sell EURINR (SEP) SB 74.96 SL 75.07 Target 74.86 / 74.78 / 74.70
 EURINR (SEP) : INTRADAY TREND : UP SL : 74.85 

1.12 Pm : Buy GBPINR (SEP) SA 88.97 SL 88.86 Target 89.07 / 89.15 / 89.23
1.12 Pm : Sell GBPINR (SEP) SB 88.81 SL 88.92 Target 88.71 / 88.63 / 88.55
 GBPINR (SEP) : INTRADAY TREND : DOWN SL : 89.05 

1.12 Pm : Buy JPYINR (SEP) SA 65.66 SL 65.55 Target 65.76 / 65.84 / 65.92
1.12 Pm : Sell JPYINR (SEP) SB 65.50 SL 65.61 Target 65.40 / 65.32 / 65.24
 JPYINR (SEP) : INTRADAY TREND : UP SL : 65.40 

INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) 12:50 PM

INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) 12:50 PM

NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE

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12:50 PM INTRADAY Buy EURUSD SA 1.1276 SL 1.1262 Target 1.1286 / 1.1297 / 1.1308
12:50 PM INTRADAY Sell EURUSD SB 1.1250 SL 1.1264 Target 1.1240 / 1.1229 / 1.1218

12:50 PM INTRADAY Buy GBPUSD SA 1.3365 SL 1.3351 Target 1.3375 / 1.3386 / 1.3397
12:50 PM INTRADAY Sell GBPUSD SB 1.3339 SL 1.3353 Target 1.3329 / 1.3318 / 1.3307

12:50 PM INTRADAY Buy USDCHF SA 0.9707 SL 0.9693 Target 0.9717 / 0.9728 / 0.9739
12:50 PM INTRADAY Sell USDCHF SB 0.9681 SL 0.9695 Target 0.9671 / 0.9660 / 0.9649

12:50 PM INTRADAY Buy USDJPY SA 101.70 SL 101.56 Target 101.80 / 101.91 / 102.02
12:50 PM INTRADAY Sell USDJPY SB 101.44 SL 101.58 Target 101.34 / 101.23 / 101.12

12:50 PM INTRADAY Buy USDCAD SA 1.2881 SL 1.2867 Target 1.2891 / 1.2902 / 1.2913
12:50 PM INTRADAY Sell USDCAD SB 1.2855 SL 1.2869 Target 1.2845 / 1.2834 / 1.2823

12:50 PM INTRADAY Buy AUDUSD SA 0.7730 SL 0.7716 Target 0.7740 / 0.7751 / 0.7762
12:50 PM INTRADAY Sell AUDUSD SB 0.7704 SL 0.7718 Target 0.7694 / 0.7683 / 0.7672

12:50 PM INTRADAY Buy EURGBP SA 0.8449 SL 0.8435 Target 0.8459 / 0.8470 / 0.8481
12:50 PM INTRADAY Sell EURGBP SB 0.8423 SL 0.8437 Target 0.8413 / 0.8402 / 0.8391

12:50 PM INTRADAY Buy EURAUD SA 1.4610 SL 1.4596 Target 1.4620 / 1.4631 / 1.4642
12:50 PM INTRADAY Sell EURAUD SB 1.4584 SL 1.4598 Target 1.4574 / 1.4563 / 1.4552

12:50 PM INTRADAY Buy EURCHF SA 1.0932 SL 1.0918 Target 1.0942 / 1.0953 / 1.0964
12:50 PM INTRADAY Sell EURCHF SB 1.0906 SL 1.0920 Target 1.0896 / 1.0885 / 1.0874

12:50 PM INTRADAY Buy EURJPY SA 114.52 SL 114.38 Target 114.62 / 114.73 / 114.84
12:50 PM INTRADAY Sell EURJPY SB 114.26 SL 114.40 Target 114.16 / 114.05 / 113.94

Currency Market Update 08-09-2016 12:44 Pm

Currency Market Update 08-09-2016 12:44 Pm

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Currency Market Update
08-09-2016 12:44
USDINR:Trend-Down
EURINR:Trend-UP
GBPINR:Trend-Down
JPYINR:Trend-UP
EURUSD:Trend-UP
GBPUSD:Trend-Down
USDCHF:Trend-UP
USDJPY:Trend-Down
USDCAD:Trend-Down
AUDUSD:Trend-UP
EURGBP:Trend-UP
EURAUD:Trend-Down
EURCHF:Trend-UP
EURJPY:Trend-UP