Monday, October 31, 2016

International Forex Market Update 1-11-2016 11.48 am (IST)

International Forex Market Update 1-11-2016  11.48 am (IST)


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INTERNATIONAL FOREX TIPS 

 11:48 AM INTRADAY Buy EURUSD SA 0.9131 SL 0.9117 Target 0.9141 / 0.9152 / 0.9163
11:48 AM INTRADAY Sell EURUSD SB 0.9105 SL 0.9119 Target 0.9095 / 0.9084 / 0.9073

 11:48 AM INTRADAY Buy GBPUSD SA 1.2241 SL 1.2227 Target 1.2251 / 1.2262 / 1.2273
11:48 AM INTRADAY Sell GBPUSD SB 1.2215 SL 1.2229 Target 1.2205 / 1.2194 / 1.2183

 11:48 AM INTRADAY Buy USDCHF SA 0.9904 SL 0.9890 Target 0.9914 / 0.9925 / 0.9936
11:48 AM INTRADAY Sell USDCHF SB 0.9878 SL 0.9892 Target 0.9868 / 0.9857 / 0.9846

 11:48 AM INTRADAY Buy USDJPY SA 104.94 SL 104.80 Target 105.04 / 105.15 / 105.26
11:48 AM INTRADAY Sell USDJPY SB 104.68 SL 104.82 Target 104.58 / 104.47 / 104.36

 11:48 AM INTRADAY Buy USDCAD SA 1.3424 SL 1.3410 Target 1.3434 / 1.3445 / 1.3456
11:48 AM INTRADAY Sell USDCAD SB 1.3398 SL 1.3412 Target 1.3388 / 1.3377 / 1.3366

 11:48 AM INTRADAY Buy AUDUSD SA 0.7665 SL 0.7651 Target 0.7675 / 0.7686 / 0.7697
11:48 AM INTRADAY Sell AUDUSD SB 0.7639 SL 0.7653 Target 0.7629 / 0.7618 / 0.7607

 11:48 AM INTRADAY Buy EURGBP SA 0.8984 SL 0.8970 Target 0.8994 / 0.9005 / 0.9016
11:48 AM INTRADAY Sell EURGBP SB 0.8958 SL 0.8972 Target 0.8948 / 0.8937 / 0.8926

 11:48 AM INTRADAY Buy EURAUD SA 1.4348 SL 1.4334 Target 1.4358 / 1.4369 / 1.4380
11:48 AM INTRADAY Sell EURAUD SB 1.4322 SL 1.4336 Target 1.4312 / 1.4301 / 1.4290

 11:48 AM INTRADAY Buy EURCHF SA 1.0861 SL 1.0847 Target 1.0871 / 1.0882 / 1.0893
11:48 AM INTRADAY Sell EURCHF SB 1.0835 SL 1.0849 Target 1.0825 / 1.0814 / 1.0803

 11:48 AM INTRADAY Buy EURJPY SA 115.10 SL 114.96 Target 115.20 / 115.31 / 115.42
11:48 AM INTRADAY Sell EURJPY SB 114.84 SL 114.98 Target 114.74 / 114.63 / 114.52 

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Jpyinr Intraday Tips, 2nd Session: 1.Nov.2016

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

 11.01 Am : Buy USDINR (NOV) SA 67.07 SL 66.96 Target 67.17 / 67.25 / 67.33
11.01 Am : Sell USDINR (NOV) SB 66.91 SL 67.02 Target 66.81 / 66.73 / 66.65
 USDINR (NOV) : INTRADAY TREND : DOWN SL : 67.15 

 11.01 Am : Buy EURINR (NOV) SA 73.59 SL 73.48 Target 73.69 / 73.77 / 73.85
11.01 Am : Sell EURINR (NOV) SB 73.43 SL 73.54 Target 73.33 / 73.25 / 73.17
 EURINR (NOV) : INTRADAY TREND : DOWN SL : 73.60 

 11.01 Am : Buy GBPINR (NOV) SA 82.09 SL 81.98 Target 82.19 / 82.27 / 82.35
11.01 Am : Sell GBPINR (NOV) SB 81.93 SL 82.04 Target 81.83 / 81.75 / 81.67
 GBPINR (NOV) : INTRADAY TREND : UP SL : 81.80 

 11.01 Am : Buy JPYINR (NOV) SA 64.01 SL 63.90 Target 64.11 / 64.19 / 64.27
11.01 Am : Sell JPYINR (NOV) SB 63.85 SL 63.96 Target 63.75 / 63.67 / 63.59
 JPYINR (NOV) : INTRADAY TREND : DOWN SL : 64.00 

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Free Indian Forex Tips, 1st Session: 1.Nov.2016


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

 9.55 Am : Buy USDINR (NOV) SA 67.06 SL 66.95 Target 67.16 / 67.24 / 67.32
9.55 Am : Sell USDINR (NOV) SB 66.90 SL 67.01 Target 66.80 / 66.72 / 66.64
 USDINR (NOV) : INTRADAY TREND : DOWN SL : 67.20 

 9.55 Am : Buy EURINR (NOV) SA 73.57 SL 73.46 Target 73.67 / 73.75 / 73.83
9.55 Am : Sell EURINR (NOV) SB 73.41 SL 73.52 Target 73.31 / 73.23 / 73.15
 EURINR (NOV) : INTRADAY TREND : DOWN SL : 73.60 

 9.55 Am : Buy GBPINR (NOV) SA 82.09 SL 81.98 Target 82.19 / 82.27 / 82.35
9.55 Am : Sell GBPINR (NOV) SB 81.93 SL 82.04 Target 81.83 / 81.75 / 81.67
 GBPINR (NOV) : INTRADAY TREND : UP SL : 81.80 

 9.55 Am : Buy JPYINR (NOV) SA 64.02 SL 63.91 Target 64.12 / 64.20 / 64.28
9.55 Am : Sell JPYINR (NOV) SB 63.86 SL 63.97 Target 63.76 / 63.68 / 63.60
 JPYINR (NOV) : INTRADAY TREND : DOWN SL : 64.00 

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Currency Market Update:11/1/2016 9:43

Currency Market Update:11/1/2016 9:43
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE

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Currency Market Update
11/1/2016 9:43
USDINR:Trend-UP
EURINR:Trend-Down
GBPINR:Trend-UP
JPYINR:Trend-UP
EURUSD:Trend-UP
GBPUSD:Trend-UP
USDCHF:Trend-Down
USDJPY:Trend-Down
USDCAD:Trend-Down
AUDUSD:Trend-UP
EURGBP:Trend-Down
EURAUD:Trend-UP
EURCHF:Trend-Down
EURJPY:Trend-UP
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GBP/USD TECHNICAL OUTLOOK.1.11.2016

GBP/USD TECHNICAL OUTLOOK.1.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE

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GBP/USD. Pair after opening at 1.2237 made a high of 1.2272, and seen some supply near 1.220 levels but the pair was finding supports at 1.2200 but the pair is trading in a broader range of 1.23-1.2100 with oscillator front RSI remains oversold so likely to see some volatility going ahead.

Fundamental Overview

Pound is trading at 1.2236, continuing to remain on a weaker side after a brief up move in yesterday’s
session. Key event yesterday was an announcement from the Bank of England governor Carney who has said that he would continue in the job at least until June 2019. Manufacturing PMI is the only data for the day and positivity if any would be limited to 1.23.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
3:00:00 PM GBP Manufacturing PMI (Oct) 54.5 55.4
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EUR/USD TECHNICAL OUTLOOK.1.11.2016

EUR/USD TECHNICAL OUTLOOK.1.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE

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EUR/USD. Pair after opening at 1.0907 Made a low of 1.0889 and traded with some positive bias the pair had strong fall few, back after the ECB interest rate decision, and violated the supports of 1.0950 levels and now that will become a strong resistance and pair likely to find strong supply near that zone, so utilize any rise to short the pair.

Fundamental Overview

Euro is trading at 1.0971, traded in a narrow range for the entire day. German retail sales were reported lower than expected at -1.4% against an expectation of 0.2%. The economic calendar for the Euro remains empty this week and major moves in the currency would be US dollar driven. We continue to believe that 1.10 would be acting as a resistance and would be a good level to sell the pair.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:00:00 EUR French GDP (QoQ) (Q3) 0.30% -0.10%
12:15:00 EUR
French Consumer Spending (MoM)
(Sep) 0.40% 0.70%
12:15:00 EUR French CPI (MoM) -0.20%
12:15:00 EUR French HICP (MoM) -0.20%
17:30:00 EUR German CPI (MoM) (Oct) 0.10% 0.10%
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USD/JPY TECHNICAL OUTLOOK:1.11.2016

USD/JPY TECHNICAL OUTLOOK:1.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE

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USD/JPY. Pair after opening at104.47 and made low of 104.27 and saw some buying in the session the pair had taken support near 104 and has been trading in the range of 104-104.85 and 104 has become a strong support so any dips shall be utilize to buy the pair as the pair is making lower high in the hourly chart.

Fundamental Overview

Yen is trading at 104.83, appreciating against the US dollar in early trade this morning as the dollar remained weak before the US elections. Bank of Japan is scheduled to release the monetary policy statement and expectations are for status quo. Any surprise move could push the Yen lower; else expect some stickiness near the 105.00 level.

Economic Data & News

TIME COUNTRY DATA SURV PREVIOUS
Tentative JPY BoJ Monetary Policy Statement (YoY) a
Tentative JPY BoJ Outlook Report (YoY)
Tentative JPY Interest Rate Decision -0.10% -0.10%
12:00:00 PM JPY BoJ Press Conference
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USDINR TECHNICAL OUTLOOK:1.11.2016

USDINR TECHNICAL OUTLOOK:1.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE

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USDINR, the pair after opening at 67.19and made a high of 67.19 and had side wise session to a narrow range bar that suggest bulls and bears are in tug of war, for past many weeks and 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 98.32, remaining broadly higher against the majors as expectations for the US economy continued to remain strong. Consumer spending and personal income data was reported in line with expectations and Friday’s strong third quarter GDP print helped the dollar to continue dominating the majors. Manufacturing PMI would be the key data to watch out for today and we expect the US dollar to remain supported at current levels.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:15:00 PM USD Manufacturing PMI (Oct) 53.3 53.2
7:30:00 PM USD ISM Manufacturing Employment (Oct) 50 49.7
7:30:00 PM USD ISM Manufacturing PMI (Oct) 51.7 51.5
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Rupee opens higher at 66.71 per dollar:1.11.2016

Rupee opens higher at 66.71 per dollar:1.11.2016


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The USD-INR pair continues to trade in a narrow range. Expect the pair to continue trading in a range of 66.50-67/dollar, as support from the Central Bank is expected to continue with FCNR redemptions underway, HDFC Bank.


The Indian rupee opened higher by 8 paise at 66.71 per dollar on Tuesday versus 66.79 Friday. HDFC Bank said, "The currencies continue to trade in a very narrow range ahead of the US Presidential election next week. The two-day FOMC starting today is expected to maintain status quo." "The USD-INR pair continues to trade in a narrow range. We expect the pair to continue trading in a range of 66.50-67/dollar, as support from the Central Bank is expected to continue with FCNR redemptions underway." The dollar edged lower as the final days of the contentious US presidential campaign overshadowed other major market events, as investors weighed the latest concerns about an FBI investigation into Hillary Clinton's use of a private email server. 
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Asia stocks wallow at six-week lows, China PMIs in focus : 01.11.2016

Asia stocks wallow at six-week lows, China PMIs in focus : 01.11.2016

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MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.14 percent in early trades, its lowest levels in since Sept. 19. October marked the first monthly loss for the index since May.


Asian stocks wallowed near six-week lows on Tuesday as investors braced for a looming raft of economic and central bank events, while oil prices fell as markets doubted OPEC's ability to implement planned production cuts. Market anxiety deepened in recent sessions after the Federal Bureau of Investigation on Friday said it was investigating newly discovered emails that might relate to democratic presidential candidate Hillary Clinton's use of a private email server when she was secretary of state. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.14 percent in early trades, its lowest levels in since Sept. 19. October marked the first monthly loss for the index since May. Investor trepidation was captured in a broad gauge measuring volatility , which was at its highest levels in a month. The focus on the day turns to twin China factor PMI surveys due shortly, while later in the day Bank of Japan decides on policy, followed by a US Federal Reserve rates review on Wednesday. The Nov. 8 election in the United States remained a key concern for markets. Clinton is viewed as the candidate of the status quo, while there is greater uncertainty over what a victory for her Republican rival Donald Trump might mean for U.S. foreign policy, international trade deals and the domestic economy. Australian shares were down in early trade ahead of a central bank meeting due at 0330 GMT where analysts widely expect rates to stay on a record low of 1.5 percent. "Despite the soft underbelly in last week’s CPI report, the Reserve Bank of Australia is likely to make few changes to its statement as it continues to balance the weak underlying inflation pulse with rising financial stability concerns," ANZ strategists wrote in a daily note. The Bank of Japan is expected to maintain monetary settings and its projection of a moderate economic recovery on Tuesday, even as weak consumption and external headwinds force it to concede that inflation will remain distant from its target for years to come. Major Wall Street indices closed slightly lower with the Dow Jones industrial average down 0.1 percent to end at 18,142.42, the S&P 500 down 0.01 percent and the Nasdaq Composite slipping 0.02 percent, to end at 5,189.14. Broad-based weakness in equities bolstered bond prices with US Treasury bond yields falling across the board with two to 30-year yields slipping between two to four basis points. In early Asian trade, Japanese and Australian bond yields also pushed lower. Foreign exchange markets were a more quieter place with major currencies hemmed in narrow trading ranges. The dollar index , which tracks the greenback against a basket of six global peers, was flat around 98.41 after a solid run since September. US crude stabilised around USD47 per barrel after falling nearly 4 percent while global benchmark Brent was flat around USD48.61 a barrel after falling nearly 1.5 percent in overnight trades. The Organization of the Petroleum Exporting Countries (OPEC) approved a document on Monday outlining its long-term strategy, a sign its members are achieving consensus on managingproduction. But OPEC representatives have achieved little otherwise, failing to reach any specific terms, and sources said Iran has been reluctant to even freeze output.

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Wall Street ends flat amid election doubts, M&A flurry : 01.11.2016

Wall Street ends flat amid election doubts, M&A flurry : 01.11.2016


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  The Dow Jones industrial average fell 18.77 points, or 0.1 percent, to 18,142.42, the S&P 500 lost 0.26 points, or 0.01 percent, to 2,126.15 and the Nasdaq Composite dropped 0.97 points, or 0.02 percent, to 5,189.14.


Wall Street ended barely changed on Monday as investors digested the latest large-scale corporate mergers as well as the most recent twist in a tumultuous US presidential election. Stocks were jolted Friday by disclosure that the FBI was investigating more emails as part of a probe into Hillary Clinton's use of a private email system, injecting fresh uncertainty over the Democratic candidate's presumed lead in the presidential election over Republican rival Donald Trump. Opinion polls have shown Clinton's lead over Trump was narrowing slightly since early last week and it is not yet known if the email controversy will erode her support. The presidential and congressional elections are Nov 8. “I wouldn’t be half-surprised to see more of this for the next week leading up into the election, where you don’t have investors willing to make a strong conviction on pretty much anything and just kind of playing wait and see," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. The Dow Jones industrial average fell 18.77 points, or 0.1 percent, to 18,142.42, the S&P 500 lost 0.26 points, or 0.01 percent, to 2,126.15 and the Nasdaq Composite dropped 0.97 points, or 0.02 percent, to 5,189.14. Closing out a big month for mergers, Dow component General Electric slipped 0.4 percent after the industrial conglomerate said it would merge its oil and gas business with oilfield services provider Baker Hughes . Baker Hughes fell 6.3 percent. Level 3 Communications rose 3.9 percent after CenturyLink said it would buy the company in a deal valued at about USD24 billion. CenturyLink fell 12.5 percent. The market is also watching the outcome of the US Federal Reserve meeting, which begins on Tuesday. While traders doubt the Fed will raise interest rates this week, they will be looking for signs to firm up their expectations for a hike at the central bank's December meeting. The S&P 500 ended October down 1.9 percent, the third straight negative month for the benchmark index and its worst monthly performance since January. Still, the S&P 500 is up about 4 percent for the year. Investors have been heartened as S&P 500 companies look set in the third quarter to end a streak of earnings declines. With most S&P 500 companies reported, profits are expected to have risen 3.1 percent, according to Thomson Reuters I/B/E/S. In earnings news on Monday, Zimmer Biomet Holdings shares plunged 14 percent after the medical devices company's quarterly report. The stock was the biggest percentage decliner in the S&P 500. Nike shares dropped 3.5 percent following a BofA Merrill Lynch downgrade, weighing on the Dow. About 6.8 billion shares changed hands in US exchanges, above the 6.4 billion daily average over the last 20 sessions. Advancing issues outnumbered declining ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored decliners. The S&P 500 posted 7 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 39 new highs and 119 new lows.

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