Sunday, October 23, 2016

International Forex Market Update 24-10-2016 11.55 am (IST)

International Forex Market Update 24-10-2016  11.55 Am (IST)


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INTERNATIONAL FOREX TIPS 

11:54 AM INTRADAY Buy EURUSD SA 1.0893 SL 1.0879 Target 1.0903 / 1.0914 / 1.0925
11:54 AM INTRADAY Sell EURUSD SB 1.0867 SL 1.0881 Target 1.0857 / 1.0846 / 1.0835

11:54 AM INTRADAY Buy GBPUSD SA 1.2236 SL 1.2222 Target 1.2246 / 1.2257 / 1.2268
11:54 AM INTRADAY Sell GBPUSD SB 1.2210 SL 1.2224 Target 1.2200 / 1.2189 / 1.2178

11:54 AM INTRADAY Buy USDCHF SA 0.9951 SL 0.9937 Target 0.9961 / 0.9972 / 0.9983
11:54 AM INTRADAY Sell USDCHF SB 0.9925 SL 0.9939 Target 0.9915 / 0.9904 / 0.9893

11:54 AM INTRADAY Buy USDJPY SA 103.96 SL 103.82 Target 104.06 / 104.17 / 104.28
11:54 AM INTRADAY Sell USDJPY SB 103.70 SL 103.84 Target 103.60 / 103.49 / 103.38

11:54 AM INTRADAY Buy USDCAD SA 1.3356 SL 1.3342 Target 1.3366 / 1.3377 / 1.3388
11:54 AM INTRADAY Sell USDCAD SB 1.3330 SL 1.3344 Target 1.3320 / 1.3309 / 1.3298

11:54 AM INTRADAY Buy AUDUSD SA 0.7644 SL 0.7630 Target 0.7654 / 0.7665 / 0.7676
11:54 AM INTRADAY Sell AUDUSD SB 0.7618 SL 0.7632 Target 0.7608 / 0.7597 / 0.7586

11:54 AM INTRADAY Buy EURGBP SA 0.8923 SL 0.8909 Target 0.8933 / 0.8944 / 0.8955
11:54 AM INTRADAY Sell EURGBP SB 0.8897 SL 0.8911 Target 0.8887 / 0.8876 / 0.8865

11:54 AM INTRADAY Buy EURAUD SA 1.4278 SL 1.4264 Target 1.4288 / 1.4299 / 1.4310
11:54 AM INTRADAY Sell EURAUD SB 1.4252 SL 1.4266 Target 1.4242 / 1.4231 / 1.4220

11:54 AM INTRADAY Buy EURCHF SA 1.0828 SL 1.0814 Target 1.0838 / 1.0849 / 1.0860
11:54 AM INTRADAY Sell EURCHF SB 1.0802 SL 1.0816 Target 1.0792 / 1.0781 / 1.0770

11:54 AM INTRADAY Buy EURJPY SA 113.11 SL 112.97 Target 113.21 / 113.32 / 113.43
11:54 AM INTRADAY Sell EURJPY SB 112.85 SL 112.99 Target 112.75 / 112.64 / 112.53

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

11.02 Am : Buy USDINR (OCT) SA 66.97 SL 66.86 Target 67.07 / 67.15 / 67.23
11.02 Am : Sell USDINR (OCT) SB 66.81 SL 66.92 Target 66.71 / 66.63 / 66.55
 USDINR (OCT) : INTRADAY TREND : UP SL : 66.80 

11.02 Am : Buy EURINR (OCT) SA 72.85 SL 72.74 Target 72.95 / 73.03 / 73.11
11.02 Am : Sell EURINR (OCT) SB 72.69 SL 72.80 Target 72.59 / 72.51 / 72.43
 EURINR (OCT) : INTRADAY TREND : DOWN SL : 73.00 

11.02 Am : Buy GBPINR (OCT) SA 81.80 SL 81.69 Target 81.90 / 81.98 / 82.06
11.02 Am : Sell GBPINR (OCT) SB 81.64 SL 81.75 Target 81.54 / 81.46 / 81.38
 GBPINR (OCT) : INTRADAY TREND : DOWN SL : 82.00 

11.02 Am : Buy JPYINR (OCT) SA 64.47 SL 64.36 Target 64.57 / 64.65 / 64.73
11.02 Am : Sell JPYINR (OCT) SB 64.31 SL 64.42 Target 64.21 / 64.13 / 64.05
 JPYINR (OCT) : INTRADAY TREND : UP SL : 64.35 

Currency Market Update:10/24/2016 10:13

 Currency Market Update:10/24/2016 10:13

NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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Currency Market Update
10/24/2016 10:13
USDINR:Trend-Down
EURINR:Trend-UP
GBPINR:Trend-UP
JPYINR:Trend-Down
EURUSD:Trend-Down
GBPUSD:Trend-Down
USDCHF:Trend-Down
USDJPY:Trend-UP
USDCAD:Trend-Down
AUDUSD:Trend-UP
EURGBP:Trend-UP
EURAUD:Trend-Down
EURCHF:Trend-Down
EURJPY:Trend-UP
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Best Currency Calls, 1st Session: 24.Oct.2016

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

10.05 Am : Buy USDINR (OCT) SA 66.97 SL 66.86 Target 67.07 / 67.15 / 67.23
10.05 Am : Sell USDINR (OCT) SB 66.81 SL 66.92 Target 66.71 / 66.63 / 66.55
 USDINR (OCT) : INTRADAY TREND : UP SL : 66.80 

10.05 Am : Buy EURINR (OCT) SA 72.81 SL 72.70 Target 72.91 / 72.99 / 73.07
10.05 Am : Sell EURINR (OCT) SB 72.65 SL 72.76 Target 72.55 / 72.47 / 72.39
 EURINR (OCT) : INTRADAY TREND : DOWN SL : 73.00 

10.05 Am : Buy GBPINR (OCT) SA 81.73 SL 81.62 Target 81.83 / 81.91 / 81.99
10.05 Am : Sell GBPINR (OCT) SB 81.57 SL 81.68 Target 81.47 / 81.39 / 81.31
 GBPINR (OCT) : INTRADAY TREND : DOWN SL : 82.00 

10.05 Am : Buy JPYINR (OCT) SA 64.43 SL 64.32 Target 64.53 / 64.61 / 64.69
10.05 Am : Sell JPYINR (OCT) SB 64.27 SL 64.38 Target 64.17 / 64.09 / 64.01
 JPYINR (OCT) : INTRADAY TREND : UP SL : 64.25 

USD/JPY TECHNICAL OUTLOOK:10/24/2016

USD/JPY TECHNICAL OUTLOOK:10/24/2016
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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USD/JPY. Pair after opening at103.95and made high of 104.20 and was trading with sidewise to positive ,the pair has not able to violated the recent swing high of 104.62 and struggling to make a new high but making a lower high in hourly so buy on dips shall be utilize in the pair.

Fundamental Overview

Yen is trading at 103.94, remaining close to the 104.00 levels after the trade data was reported this morning. There was a marginal fall recorded in the imports and exports helping the trade balance to improve. Manufacturing PMI was reported higher at 51.7 against an expectation of 51.7. We expect the currency pair to surge past the 104.00 mark in the coming week with a focus on overall risk aversion and US dollar strength.

Economic Data & News

TIME COUNTRY DATA SURV PREVIOUS
05:20:00 JPY Adjusted Trade Balance 0.20T 0.36T
05:20:00 JPY Exports (YoY) (Sep) -10.40% -9.60%
05:20:00 JPY Trade Balance (Sep) 342B -19B

GBP/USD TECHNICAL OUTLOOK:10/24/2016

GBP/USD TECHNICAL OUTLOOK:10/24/2016
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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GBP/USD. Pair after opening at 1.2249made a high of 1.2260, and seen some supply at 1.2250 levels but the pair had bounce from the lower levels few days before trading near the 1.22 mark while supports coming at 1.2150- and immediate resistance at 1.2250 so likely to be volatile in this range with supply at higher levels.

Fundamental Overview

Pound is trading at 1.2195, remaining close to the 1.22 mark after a week of consolidation. Economic data failed to help the sterling as Brexit continues to remain in focus. There are no major headlines to be reported from the UK economy this week and price would be dependent on the overall market sentiment and the US dollar strength. We continue to recommend selling the British currency on every rise till the high court verdict is out.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 GBP CBI Industrial Trends Orders (Oct) -4 -5

EUR/USD TECHNICAL OUTLOOK:10/24/2016

EUR/USD TECHNICAL OUTLOOK:10/24/2016
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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EUR/USD. Pair after opening at 1.0926Made a high of 1.0930 and traded with some negative bias the pair had strong fall, after the ECB interest rate decision, and violated the supports of 1.0950 levels signifies weakness, before that pair was trading in the range of 1.1250.1.1100 so supports will act as resistance ,intraday rise shall be utilizes to sell the pair.

Fundamental Overview

Euro is trading at 1.0864, continued to trade on a weaker note against the US dollar as policy divergence between the US and EU remained the key driver for markets. With the ECB wiping off speculation about a cut to the current stimulus program, investors continued to pile on short positions. Manufacturing data from the EU could lend some support to the pair today but the overall outlook remains weak.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 EUR French Manufacturing PMI (Oct) 50 49.7
12:30:00 EUR French Services PMI (Oct) 53 53.3
13:00:00 EUR German Manufacturing PMI (Oct) 54.3 54.3
13:00:00 EUR German Services PMI (Oct) 51.5 50.9
13:30:00 EUR Manufacturing PMI (Oct) 52.6 52.6
13:30:00 EUR Markit Composite PMI (Oct) 52.8 52.6

USDINR TECHNICAL OUTLOOK:10/24/2016

USDINR TECHNICAL OUTLOOK:10/24/2016
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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 USDINR, the pair after opening at 66.88and made a low of 66.85 and had side wise session after a narrow range bar that suggest bulls and bears are in tug of war, the pair is trading in the range of 66.60-67.00 levels for past many days on spot basis , and trend is likely to be the same for the day.

Fundamental Overview

US dollar index is trading at 98.80, continuing to remain on the stronger side as weakness in the other majors continued. There was no major economic event all of last week, except for the ECB meeting. Markets would be focused on the third quarter GDP, consumer confidence, new home sales and durable goods orders for this week. We expect the dollar index to test the 100 mark in this week.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:30:00 USD FOMC Member Dudley Speaks
18:35:00 USD FOMC Member Bullard Speaks
19:15:00 USD Manufacturing PMI (Oct) 51.6 51.5
23:30:00 USD FOMC Member Powell Speaks

RUPEE


US MARKET : Wall Street ends little changed; Microsoft hits record : 24.10.2016

US MARKET : Wall Street ends little changed; Microsoft hits record : 24.10.2016


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Dow Jones industrial average fell 16.64 points, or 0.09 percent, to 18,145.71, the S&P 500 lost 0.18 points, or 0.01 percent, to 2,141.16 and the Nasdaq Composite added 15.57 points, or 0.3 percent, to 5,257.40.

The S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday as a record day for Microsoft and earnings from McDonald's helped offset a fall in energy and healthcare shares. General Electric, often seen as an economic bellwether, weighed on the market as the industrial conglomerate's posted results that topped expectations but cut its full-year revenue target to send shares down 0.9 percent after it touched an 8-month low of USD 28.33. A stronger dollar, which touched its highest level since early February, also pulled on sentiment as it could dent the earnings of large multinationals. "The dollar is getting stronger, that is going to have a negative impact energy prices, that is going to have a negative impact on corporate earnings, at least potentially," said Phil Orlando, chief equity market strategist at Federated Investors, in New York. The energy index was off 0.7 percent, while health declined 0.9 percent. Johnson & Johnson and Merck, were both down 1.2 percent, and among the biggest drags on the healthcare sector. Schlumberger, the world's No. 1 oilfield services provider, weighed on the energy index as it lost 3 percent after its quarterly results. But gains in Microsoft and McDonald's on the back of their strong quarterly reports helped keep losses in check. "Earnings, frankly have started out little better than I thought they would, and a little better than the consensus thought they would. You had a couple of good companies like Microsoft, which is skewing things positively," said Orlando. Microsoft was up 4.3 percent at a record closing high of USD 59.69, while McDonald's was up 3 percent at USD 113.93. With 23 percent of S&P 500 companies posting results, earnings are now expected to show growth of 1.1 percent for the third quarter, up from the 0.5 percent decline expected at the start of the month, according to Thomson Reuters data. The Dow Jones industrial average fell 16.64 points, or 0.09 percent, to 18,145.71, the S&P 500 lost 0.18 points, or 0.01 percent, to 2,141.16 and the Nasdaq Composite added 15.57 points, or 0.3 percent, to 5,257.40. For the week, the Dow edged up 0.04, the S&P rose 0.4 percent and the Nasdaq climbed 0.8 percent. Telecoms, down 2.3 percent, were lower for a second straight session. AT&T lost 3 percent on news the wireless carrier was in advanced talks to buy Time Warner, whose stock surged 7.8 percent. In other deal news, Reynolds American jumped 14 percent after British American Tobacco offered to buy the 58 percent of the tobacco company it does not already own in a USD 47 billion takeover. Advancing issues outnumbered declining ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.20-to-1 ratio favored decliners. The S&P 500 posted 8 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 52 new highs and 38 new lows. About 5.97 billion shares changed hands in US exchanges, below the 6.4 billion daily average over the last 20 sessions.