Wednesday, November 2, 2016

Live Currency News, 2nd Session: 3.Nov.2016

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

12.15 Pm : Buy USDINR (NOV) SA 66.98 SL 66.87 Target 67.08 / 67.16 / 67.24
12.15 Pm : Sell USDINR (NOV) SB 66.82 SL 66.93 Target 66.72 / 66.64 / 66.56
 USDINR (NOV) : INTRADAY TREND : DOWN SL : 67.00 

12.15 Pm : Buy EURINR (NOV) SA 74.50 SL 74.39 Target 74.60 / 74.68 / 74.76
12.15 Pm : Sell EURINR (NOV) SB 74.34 SL 74.45 Target 74.24 / 74.16 / 74.08
 EURINR (NOV) : INTRADAY TREND : UP SL : 74.25 

12.15 Pm : Buy GBPINR (NOV) SA 82.70 SL 82.59 Target 82.80 / 82.88 / 82.96
12.15 Pm : Sell GBPINR (NOV) SB 82.54 SL 82.65 Target 82.44 / 82.36 / 82.28
 GBPINR (NOV) : INTRADAY TREND : UP SL : 82.25 

12.15 Pm : Buy JPYINR (NOV) SA 65.20 SL 65.09 Target 65.30 / 65.38 / 65.46
12.15 Pm : Sell JPYINR (NOV) SB 65.04 SL 65.15 Target 64.94 / 64.86 / 64.78
 JPYINR (NOV) : INTRADAY TREND : UP SL : 64.80

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Currency Market Update:11/3/2016 11:04

Currency Market Update:11/3/2016 11:04
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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Currency Market Update
11/3/2016 11:04
USDINR : Trend - Down
EURINR : Trend - Down
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 - Down
EURAUD : Trend - Down
EURCHF : Trend - Down
EURJPY : Trend - Down

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Live Forex Rate Tips, 1st Session: 3.Nov.2016

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

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

10.47 Am : Buy EURINR (NOV) SA 74.46 SL 74.35 Target 74.56 / 74.64 / 74.72
10.47 Am : Sell EURINR (NOV) SB 74.30 SL 74.41 Target 74.20 / 74.12 / 74.04
 EURINR (NOV) : INTRADAY TREND : UP SL : 74.05 

10.47 Am : Buy GBPINR (NOV) SA 82.61 SL 82.50 Target 82.71 / 82.79 / 82.87
10.47 Am : Sell GBPINR (NOV) SB 82.45 SL 82.56 Target 82.35 / 82.27 / 82.19
 GBPINR (NOV) : INTRADAY TREND : UP SL : 82.15 

10.47 Am : Buy JPYINR (NOV) SA 65.20 SL 65.09 Target 65.30 / 65.38 / 65.46
10.47 Am : Sell JPYINR (NOV) SB 65.04 SL 65.15 Target 64.94 / 64.86 / 64.78
 JPYINR (NOV) : INTRADAY TREND : UP SL : 64.70 

USD/JPY TECHNICAL OUTLOOK : 3.11.2016

USD/JPY TECHNICAL OUTLOOK : 3.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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USD/JPY. Pair after opening at104.02 and made HIGH of 102.17 and could not sustain the higher levels of 105 mark the pair now violated the crucial supports of 104 mark so now the supports will become resistance and pair is likely to see supply in that region intraday utilize the rise to sell the pair

Fundamental Overview

Yen is trading at 102.75, continuing to appreciate against the US dollar as investors remained nervous before the US elections. US dollar continued to remain sold after the FOMC statement and the trend is likely to continue going into the US elections. Japan remains closed today but safe haven buying would keep the Yen bid.

GBP/USD TECHNICAL OUTLOOK : 3.11.2016

GBP/USD TECHNICAL OUTLOOK : 3.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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GBP/USD. Pair after opening at 1.2244 made a high of 1.2322, and seen some buying from the lower levels near 1.2270 levels but the pair was finding resistance at 1.2340 and the pair is trading in a broader range of 1.24-1.2200 with oscillator front RSI remains oversold so likely to see some volatility going ahead in the above mentioned range
STRATEGY

Fundamental Overview

Pound is trading at 1.2329, appreciating considerably after the construction PMI data beat expectations. Focus would be on the bank of England inflation report, meeting minutes and the speech from Mark Carney. It is unlikely that the bank would cut rates at this meeting. Pound is set to stabilize and we continue to prefer selling rallies.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
3:00:00 PM GBP
Services PMI (Oct) 52.4 52.6
5:30:00 PM
GBP
BoE Inflation Report 5:30:00 PM
GBP Interest Rate Decision (Nov)
0.25%
0.25%
5:30:00 PM GBP
BoE MPC Meeting Minutes
6:00:00 PM
GBP BoE Gov Carney Speaks

EUR/USD TECHNICAL OUTLOOK : 3.11.2016

EUR/USD TECHNICAL OUTLOOK : 3.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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EUR/USD. Pair after opening at 1.1049 Made a high of 1.1123 and traded with some trending to positive bias the pair had strong fall from the levels of 1.15 and fall below the supports of 1.10 mark and now is trading above the supports so if the pair able to maintain above the 1.10 mark likely to test the higher levels with MACD indicators giving crossover

Fundamental Overview
Euro is trading at 1.1117, continuing to appreciate against the US dollar, helped by the uncertainty surrounding the US elections. Economic data remained supportive for the euro zone with the employment and manufacturing data reported in line with expectations. Dollar weakness would continue to drive the pair higher after the pair breached 1.11. A sustained trade above this level would take the pair higher.

USDINR TECHNICAL OUTLOOK : 3.11.2016

USDINR TECHNICAL OUTLOOK : 3.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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USDINR, the pair after opening at 67.00 and made a high of 67.03 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 97.23, continued to remain beaten down as markets remained nervous before the US elections. FOMC statement was a nonevent as per expectations. The statement was slightly hawkish, with two members wanting an immediate hike. FED has acknowledged the improving economic conditions and markets continue a 70% chance of a FED hike in December. Expect the weakness in the US dollar to remain as we inch closer to the election date.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:30:00 PM
USD
ISM Non-Manufacturing PMI (Oct)
56
57.1 

Rupee to trade in range 66.55-66.85/USD: 3.11.2016

Rupee to trade in range 66.55-66.85/USD:  3.11.2016
The 10-year benchmark bond yield to trade in a range of 6.80-6.84 percent for the day, Kotak Mahindra Bank.
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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"US FOMC statement continues to signal a Fed rate hike in December. However, dollar has given up gains against major currencies awaiting the outcome of US presidential election next week. Overall risk-off sentiment has impacted Indian stocks, bonds adversely and has kept rupee in a range. We expect the USD-INR pair to trade in a range of 66.55-66.85/USD for the day." "We expect the 10-year benchmark bond yield to trade in a range of 6.80-6.84 percent for the day."

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Rupee opens flat at 66.72 per dollar:3.11.2016

Rupee opens flat at 66.72 per dollar:3.11.2016
USD-INR pair to trade in a range of 66.55-66.85/dollar for the day, Kotak Mahindra Bank.
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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The Indian rupee opened flat at 66.72 per dollar Thursday against previous close 66.71. Kotak Mahindra Bank said, "US FOMC statement continues to signal a Fed rate hike in December. However, dollar has given up gains against major currencies awaiting the outcome of US presidential election next week." "Overall risk-off sentiment has impacted Indian stocks, bonds adversely and has kept rupee in a range. USD-INR pair to trade in a range of 66.55-66.85/dollar for the day." The dollar dropped, extending the longest losing streak since July, as currency traders seeking a clearer signal that Federal Reserve policy makers are determined to raise rates this year were left disappointed. Investors are also coping with uncertainty just six days before the tightening US presidential election and two days before the October employment report. 

3.Nov.2016 - INDIAN CURRENCY INTRADAY SUPPORT RESISTANCE LEVELS


3.Nov.2016 - FREE CURRENCY USDINR OPTION TIPS


Currency USDINR CALL Option Tips 
( Paper Trading Practice for Currency Option Tips 
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STRIKE 66.00 CE : Buy USDINR (NOV) Call Option SA 1.06 SL 0.98 Target 1.10 / 1.13 / 1.17
STRIKE 66.00 CE : Sell USDINR (NOV) Call Option SB 0.90 SL 0.98 Target 0.86 / 0.83 / 0.79

STRIKE 66.50 CE : Buy USDINR (NOV) Call Option SA 0.64 SL 0.56 Target 0.68 / 0.71 / 0.75
STRIKE 66.50 CE : Sell USDINR (NOV) Call Option SB 0.48 SL 0.56 Target 0.44 / 0.41 / 0.37

STRIKE 67.00 CE : Buy USDINR (NOV) Call Option SA 0.36 SL 0.28 Target 0.40 / 0.43 / 0.47
STRIKE 67.00 CE : Sell USDINR (NOV) Call Option SB 0.20 SL 0.28 Target 0.16 / 0.13 / 0.09

STRIKE 67.50 CE : Buy USDINR (NOV) Call Option SA 0.22 SL 0.14 Target 0.26 / 0.29 / 0.33

STRIKE 68.00 CE : Buy USDINR (NOV) Call Option SA 0.15 SL 0.07 Target 0.19 / 0.22 / 0.26

Currency USDINR Put Option Tips 
( Paper Trading Practice for Currency Option Tips) 
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STRIKE 66.00 PE : Buy USDINR (NOV) Put Option SA 0.11 SL 0.03 Target 0.15 / 0.18 / 0.22

STRIKE 66.50 PE : Buy USDINR (NOV) Put Option SA 0.17 SL 0.09 Target 0.21 / 0.24 / 0.28

STRIKE 67.00 PE : Buy USDINR (NOV) Put Option SA 0.38 SL 0.30 Target 0.42 / 0.45 / 0.49
STRIKE 67.00 PE : Sell USDINR (NOV) Put Option SB 0.22 SL 0.30 Target 0.18 / 0.15 / 0.11

STRIKE 67.50 PE : Buy USDINR (NOV) Put Option SA 0.75 SL 0.67 Target 0.79 / 0.82 / 0.86
STRIKE 67.50 PE : Sell USDINR (NOV) Put Option SB 0.59 SL 0.67 Target 0.55 / 0.52 / 0.48

STRIKE 68.00 PE : Buy USDINR (NOV) Put Option SA 1.17 SL 1.09 Target 1.21 / 1.24 / 1.28
STRIKE 68.00 PE : Sell USDINR (NOV) Put Option SB 1.01 SL 1.09 Target 0.97 / 0.94 / 0.90

3.Nov.2016 - FREE INTEREST RATE FUTURES TIPS

Interest Rate Futures - RUPEEDESK 
( Paper Trading Practice for Currency Segment Interest Rate Futures (IRF) Bond Futures) 
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8:00 AM : Buy 772GS2025 (NOV) SA 104.69 SL 104.58 Target 104.79 / 104.87 / 104.95
8:00 AM : Sell 772GS2025 (NOV) SB 104.53 SL 104.64 Target 104.43 / 104.35 / 104.27

8:00 AM : Buy 759GS2026 (NOV SA 104.66 SL 104.55 Target 104.76 / 104.84 / 104.92
8:00 AM : Sell 759GS2026 (NOV SB 104.50 SL 104.61 Target 104.40 / 104.32 / 104.24

8:00 AM : Buy 697GS2026 (NOV) SA 101.28 SL 101.17 Target 101.38 / 101.46 / 101.54
8:00 AM : Sell 697GS2026 (NOV) SB 101.12 SL 101.23 Target 101.02 / 100.94 / 100.86

8:00 AM : Buy 788GS2030 (NOV) SA 107.06 SL 106.95 Target 107.16 / 107.24 / 107.32
8:00 AM : Sell 788GS2030 (NOV) SB 106.90 SL 107.01 Target 106.80 / 106.72 / 106.64

Currency Technicals Calls, 6th Session: 2.Nov.2016


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

4.11 Pm : Buy USDINR (NOV) SA 67.10 SL 66.99 Target 67.20 / 67.28 / 67.36
4.11 Pm : Sell USDINR (NOV) SB 66.94 SL 67.05 Target 66.84 / 66.76 / 66.68
USDINR (NOV) : INTRADAY TREND : UP SL : 66.95 

4.11 Pm : Buy EURINR (NOV) SA 74.37 SL 74.26 Target 74.47 / 74.55 / 74.63
4.11 Pm : Sell EURINR (NOV) SB 74.21 SL 74.32 Target 74.11 / 74.03 / 73.95
EURINR (NOV) : INTRADAY TREND : UP SL : 74.00 

4.11 Pm : Buy GBPINR (NOV) SA 82.36 SL 82.25 Target 82.46 / 82.54 / 82.62
4.11 Pm : Sell GBPINR (NOV) SB 82.20 SL 82.31 Target 82.10 / 82.02 / 81.94
GBPINR (NOV) : INTRADAY TREND : UP SL : 82.05 

4.11 Pm : Buy JPYINR (NOV) SA 64.86 SL 64.75 Target 64.96 / 65.04 / 65.12
4.11 Pm : Sell JPYINR (NOV) SB 64.70 SL 64.81 Target 64.60 / 64.52 / 64.44
JPYINR (NOV) : INTRADAY TREND : UP SL : 64.40

Forex Trading Calls, 5th Session: 2.Nov.2016

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

3.45 Pm : Buy USDINR (NOV) SA 67.10 SL 66.99 Target 67.20 / 67.28 / 67.36
3.45 Pm : Sell USDINR (NOV) SB 66.94 SL 67.05 Target 66.84 / 66.76 / 66.68
 USDINR (NOV) : INTRADAY TREND : UP SL : 66.95 

3.45 Pm : Buy EURINR (NOV) SA 74.35 SL 74.24 Target 74.45 / 74.53 / 74.61
3.45 Pm : Sell EURINR (NOV) SB 74.19 SL 74.30 Target 74.09 / 74.01 / 73.93
 EURINR (NOV) : INTRADAY TREND : UP SL : 74.00 

3.45 Pm : Buy GBPINR (NOV) SA 82.32 SL 82.21 Target 82.42 / 82.50 / 82.58
3.45 Pm : Sell GBPINR (NOV) SB 82.16 SL 82.27 Target 82.06 / 81.98 / 81.90
 GBPINR (NOV) : INTRADAY TREND : UP SL : 82.05 

3.45 Pm : Buy JPYINR (NOV) SA 64.80 SL 64.69 Target 64.90 / 64.98 / 65.06
3.45 Pm : Sell JPYINR (NOV) SB 64.64 SL 64.75 Target 64.54 / 64.46 / 64.38
 JPYINR (NOV) : INTRADAY TREND : UP SL : 64.40 

Forex Trading Calls, 5th Session: 2.Nov.2016

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

3.45 Pm : Buy USDINR (NOV) SA 67.10 SL 66.99 Target 67.20 / 67.28 / 67.36
3.45 Pm : Sell USDINR (NOV) SB 66.94 SL 67.05 Target 66.84 / 66.76 / 66.68
 USDINR (NOV) : INTRADAY TREND : UP SL : 66.95 

3.45 Pm : Buy EURINR (NOV) SA 74.35 SL 74.24 Target 74.45 / 74.53 / 74.61
3.45 Pm : Sell EURINR (NOV) SB 74.19 SL 74.30 Target 74.09 / 74.01 / 73.93
 EURINR (NOV) : INTRADAY TREND : UP SL : 74.00 

3.45 Pm : Buy GBPINR (NOV) SA 82.32 SL 82.21 Target 82.42 / 82.50 / 82.58
3.45 Pm : Sell GBPINR (NOV) SB 82.16 SL 82.27 Target 82.06 / 81.98 / 81.90
 GBPINR (NOV) : INTRADAY TREND : UP SL : 82.05 

3.45 Pm : Buy JPYINR (NOV) SA 64.80 SL 64.69 Target 64.90 / 64.98 / 65.06
3.45 Pm : Sell JPYINR (NOV) SB 64.64 SL 64.75 Target 64.54 / 64.46 / 64.38
 JPYINR (NOV) : INTRADAY TREND : UP SL : 64.40 

International Forex Market Update 2-11-2016 2.56 Pm (IST)

International Forex Market Update 2-11-2016  2.56 Pm (IST)


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INTERNATIONAL FOREX TIPS 

2:56 PM INTRADAY Buy EURUSD SA 1.1090 SL 1.1076 Target 1.1100 / 1.1111 / 1.1122
2:56 PM INTRADAY Sell EURUSD SB 1.1064 SL 1.1078 Target 1.1054 / 1.1043 / 1.1032

2:56 PM INTRADAY Buy GBPUSD SA 1.2270 SL 1.2256 Target 1.2280 / 1.2291 / 1.2302
2:56 PM INTRADAY Sell GBPUSD SB 1.2244 SL 1.2258 Target 1.2234 / 1.2223 / 1.2212

2:56 PM INTRADAY Buy USDCHF SA 0.9739 SL 0.9725 Target 0.9749 / 0.9760 / 0.9771
2:56 PM INTRADAY Sell USDCHF SB 0.9713 SL 0.9727 Target 0.9703 / 0.9692 / 0.9681

2:56 PM INTRADAY Buy USDJPY SA 103.80 SL 103.66 Target 103.90 / 104.01 / 104.12
2:56 PM INTRADAY Sell USDJPY SB 103.54 SL 103.68 Target 103.44 / 103.33 / 103.22

2:56 PM INTRADAY Buy USDCAD SA 1.3397 SL 1.3383 Target 1.3407 / 1.3418 / 1.3429
2:56 PM INTRADAY Sell USDCAD SB 1.3371 SL 1.3385 Target 1.3361 / 1.3350 / 1.3339

2:56 PM INTRADAY Buy AUDUSD SA 0.7650 SL 0.7636 Target 0.7660 / 0.7671 / 0.7682
2:56 PM INTRADAY Sell AUDUSD SB 0.7624 SL 0.7638 Target 0.7614 / 0.7603 / 0.7592

2:56 PM INTRADAY Buy EURGBP SA 0.9051 SL 0.9037 Target 0.9061 / 0.9072 / 0.9083
2:56 PM INTRADAY Sell EURGBP SB 0.9025 SL 0.9039 Target 0.9015 / 0.9004 / 0.8993

2:56 PM INTRADAY Buy EURAUD SA 1.4520 SL 1.4506 Target 1.4530 / 1.4541 / 1.4552
2:56 PM INTRADAY Sell EURAUD SB 1.4494 SL 1.4508 Target 1.4484 / 1.4473 / 1.4462

2:56 PM INTRADAY Buy EURCHF SA 1.0789 SL 1.0775 Target 1.0799 / 1.0810 / 1.0821
2:56 PM INTRADAY Sell EURCHF SB 1.0763 SL 1.0777 Target 1.0753 / 1.0742 / 1.0731

2:56 PM INTRADAY Buy EURJPY SA 114.98 SL 114.84 Target 115.08 / 115.19 / 115.30
2:56 PM INTRADAY Sell EURJPY SB 114.72 SL 114.86 Target 114.62 / 114.51 / 114.40 

Eurinr Intraday Calls, 4th Session: 2.Nov.2016

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

2.37 Pm : Buy USDINR (NOV) SA 67.09 SL 66.98 Target 67.19 / 67.27 / 67.35
2.37 Pm : Sell USDINR (NOV) SB 66.93 SL 67.04 Target 66.83 / 66.75 / 66.67
 USDINR (NOV) : INTRADAY TREND : UP SL : 66.95 

2.37 Pm : Buy EURINR (NOV) SA 74.39 SL 74.28 Target 74.49 / 74.57 / 74.65
2.37 Pm : Sell EURINR (NOV) SB 74.23 SL 74.34 Target 74.13 / 74.05 / 73.97
 EURINR (NOV) : INTRADAY TREND : UP SL : 74.00 

2.37 Pm : Buy GBPINR (NOV) SA 82.36 SL 82.25 Target 82.46 / 82.54 / 82.62
2.37 Pm : Sell GBPINR (NOV) SB 82.20 SL 82.31 Target 82.10 / 82.02 / 81.94
 GBPINR (NOV) : INTRADAY TREND : UP SL : 82.05 

2.37 Pm : Buy JPYINR (NOV) SA 64.72 SL 64.61 Target 64.82 / 64.90 / 64.98
2.37 Pm : Sell JPYINR (NOV) SB 64.56 SL 64.67 Target 64.46 / 64.38 / 64.30
 JPYINR (NOV) : INTRADAY TREND : UP SL : 64.30 

RBI REFERENCE RATE FOR INDIAN CURRENCY TODAY: 2.Nov.2016

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

RBI REFERENCE RATE

As on 2
.Nov.2016 at 12.00Pm Hrs(IST)

USDINR : 66.8294

EURINR : 73.9534
GBPINR : 81.8861
JPYINR  : 64.3700
=======================================================================

Hot Currency Calls, 3rd Session: 2.Nov.2016

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

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

1.48 Pm : Buy EURINR (NOV) SA 74.45 SL 74.34 Target 74.55 / 74.63 / 74.71
1.48 Pm : Sell EURINR (NOV) SB 74.29 SL 74.40 Target 74.19 / 74.11 / 74.03
 EURINR (NOV) : INTRADAY TREND : UP SL : 74.00 

1.48 Pm : Buy GBPINR (NOV) SA 82.40 SL 82.29 Target 82.50 / 82.58 / 82.66
1.48 Pm : Sell GBPINR (NOV) SB 82.24 SL 82.35 Target 82.14 / 82.06 / 81.98
 GBPINR (NOV) : INTRADAY TREND : UP SL : 82.05 

1.48 Pm : Buy JPYINR (NOV) SA 64.80 SL 64.69 Target 64.90 / 64.98 / 65.06
1.48 Pm : Sell JPYINR (NOV) SB 64.64 SL 64.75 Target 64.54 / 64.46 / 64.38
 JPYINR (NOV) : INTRADAY TREND : UP SL : 64.30