Tuesday, November 15, 2016

Currency Market Update:11/16/2016 12:18

Currency Market Update:16.11.2016 12:18
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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Currency Market Update
11/16/2016 12:18
USDINR:Trend-Down
EURINR:Trend-UP
GBPINR:Trend-Down
JPYINR:Trend-Down
EURUSD:Trend-Down
GBPUSD:Trend-UP
USDCHF:Trend-UP
USDJPY:Trend-UP
USDCAD:Trend-Down
AUDUSD:Trend-Down
EURGBP:Trend-Down
EURAUD:Trend-UP
EURCHF:Trend-Down
EURJPY:Trend-UP
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USD/JPY TECHNICAL OUTLOOK:16.11.2016

USD/JPY TECHNICAL OUTLOOK:16.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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USD/JPY. Pair after opening at 107.52 and made low of 106.50 and seen some buying due to dollar demand and the pair could not sustain the lower levels of 106.50 mark and was trading volatile to positive bias now the pair is trading above 108 mark that will act as a strong support and swing high of 105.5 mark, has been violated so intraday dips shall be outsized to buy the pair and the pair can head higher

Fundamental Overview

Yen continued to remain weak, trading above the 109.00 mark in today’s session. Japanese Yen has been the most affected currency because of the US dollar weakness, for lack of any domestic cues. Expect further weakness in currency with a view to reach 110 in the near term.

GBP/USD TECHNICAL OUTLOOK:16.11.2016

GBP/USD TECHNICAL OUTLOOK:16.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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GBP/USD. Pair after opening at 1.2496 made a low of 1.2396, and seen some selling from the higher levels , and the pair could not sustain the levels of 1.25 and saw selling pressure after the data the pair is having 50DMA at 1.26 and is facing strong supply there so any rise shall be utilize to sell the pair

Fundamental Overview

Pound is trading at 1.2475, after declining below the 1.24 mark in yesterday’s session. A lower than expected inflation reading which was reported yesterday dragged the pair lower. A leaked note suggested that the UK government had no plans ready for Brexit also added to the weakness. Claimant count and unemployment data would be the key data to watch out for today.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Average Earnings Index +Bonus (Sep) 2.40% 2.30%
15:00:00 GBP Claimant Count Change (Oct) 2.0K 0.7K
15:00:00 GBP Unemployment Rate (Sep) 4.90% 4.90%
19:30:00 GBP BoE MPC Member Cunliffe Speaks

EUR/USD TECHNICAL OUTLOOK:16.11.2016

EUR/USD TECHNICAL OUTLOOK:16.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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EUR/USD. Pair after opening at 1.0742 Made a high of 1.0814 and saw some volatile to negative bias ,the pair had strong fall from the levels of 1.13 and tested the levels of 1.0850 that was acting as a strong support and violated the said levels and now 1.0800 is acting as a strong resistance but 1.0710 will act as a strong support as pair is making double bottom and oversold so likely to be in the range of 1.0710-1.0800

Fundamental Overview

Euro is trading at 1.0755, after a brief recovery in the yesterday’s session. German GDP was reported lower than expected but an uptick in the German and European economic sentiment helped the shared currency recover. Uncertainty surrounding the Italian referendum would continue to weigh on the shared currency.

USDINR TECHNICAL OUTLOOK:16.11.2016

USDINR TECHNICAL OUTLOOK:16.11.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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USDINR, the pair after opening at 67.72 and made a low of 67.09 and was trading sidewise after a positive start ,the pair had violated the strong resistance of 67.00 levels and gapped up signifying and yesterday made a high of 67.94 but in end made low of 67.09 so for the day pair liklety to find resistance at higher levels

Fundamental Overview

US dollar index is trading at 99.96, after a brief stint above the 100 mark in yesterday’s session. Better than expected retail sales data reported yesterday added momentum to the dollar rally but the minor retreat in the US bond yields helped tamed the dollar rally. There is no major data to be reported today and markets look forward to Yellen’s testimony tomorrow. Behavior of bond yields would be the key for today’s markets.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:30:00 USD FOMC Member Bullard Speaks 19:00:00
USD Core PPI (MoM) (Oct) 0.20% 0.20%
19:00:00 USD PPI (MoM) (Oct) 0.30% 0.30%
19:45:00 USD Industrial Production (MoM) (Oct) 0.20% 0.10%
21:00:00 USD Crude Oil Inventories 1.480M 2.432M

Rupee opens higher at 67.68 per dollar:16.11.2016

Rupee opens higher at 67.68 per dollar:16.11.2016
The USD-INR pair is expected to trade between 67.60-67.85/dollar range today, Lakshmi Vilas Bank.
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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The Indian rupee opened marginally higher at 67.68 per dollar on Wednesday versus previous close 67.74. Lakshmi Vilas Bank said, "The rupee fell to a 4-month low on expectations that Trump's policies may boost inflation in the US and lead to higher interest rates. It is expected to take cues from the equity market and also take support from balance of trade published yesterday which was favourable." He further added, "The USD-INR pair is expected to trade between 67.60-67.85/dollar range today." The dollar held near an 11-month high against a basket of currencies as some stability returned to the US bond market following a vicious sell-off, helped by unexpectedly strong data on US October retail sales.

Expect USD-INR to open at 67.82/USD levels:16.11.2016

Expect USD-INR to open at 67.82/USD levels:16.11.2016
The liquidity in the system is expected to improve and rates are expected to fall further in anticipation of a RBI rate cut in December, Lakshmi Vilas Bank.
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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"The rupee fell to a 4-month low on expectations that Trump's policies may boost inflation in the US and lead to higher interest rates. It is expected to take cues from the equity market and also take support from balance of trade published yesterday which was favourable. The USD-INR pair is expected to open at 67.82/USD levels and trade between 67.60-67.85/USD range today." He further said, "The WPI and CPI numbers released yesterday indicate inflation is following the trajectory set by RBI. The liquidity in the system is expected to improve and rates are expected to fall further in anticipation of a RBI rate cut in December. The 10-year benchmark bond yield is expected to trade within a narrow range of 6.50-6.55 percent today."

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

USDINR ( 28-Nov-16 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 68.17 / 68.48 / 69.02 . And the lower side , it has Strong Support @ 67.63 downside, it may tank to near support Levels such as 67.32 / 66.79 / 66.48 . Currently USDINR is Trading @ 67.86 

EURINR ( 28-Nov-16 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 72.84 / 72.56 / 72.31 . And the upperside, it has Strong Resistance @ 73.09 upperside, it may test Resistance Levels such as 73.37 / 73.62 / 73.90 . Currently EURINR is Trading @ 73.12

GBPINR ( 28-Nov-16 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 83.56 / 82.86 / 82.22 . And the upperside, it has Strong Resistance @ 84.20 upperside, it may test Resistance Levels such as 84.90 / 85.54 / 86.24 . Currently GBPINR is Trading @ 84.26

JPYINR ( 28-Nov-16 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 62.50 / 62.22 / 61.99 . And the upperside, it has Strong Resistance @ 62.73 upperside, it may test Resistance Levels such as 63.00 / 63.23 / 63.51 . Currently JPYINR is Trading @ 62.77 

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8:00 AM : Buy 772GS2025 (NOV) SA 105.47 SL 105.36 Target 105.57 / 105.65 / 105.73
8:00 AM : Sell 772GS2025 (NOV) SB 105.31 SL 105.42 Target 105.21 / 105.13 / 105.05

8:00 AM : Buy 759GS2026 (NOV SA 106.58 SL 106.47 Target 106.68 / 106.76 / 106.84
8:00 AM : Sell 759GS2026 (NOV SB 106.42 SL 106.53 Target 106.32 / 106.24 / 106.16

8:00 AM : Buy 697GS2026 (NOV) SA 103.03 SL 102.92 Target 103.13 / 103.21 / 103.29
8:00 AM : Sell 697GS2026 (NOV) SB 102.87 SL 102.98 Target 102.77 / 102.69 / 102.61

8:00 AM : Buy 788GS2030 (NOV) SA 108.98 SL 108.87 Target 109.08 / 109.16 / 109.24
8:00 AM : Sell 788GS2030 (NOV) SB 108.82 SL 108.93 Target 108.72 / 108.64 / 108.56

16.Nov.2016 - FREE CURRENCY USDINR OPTION TIPS

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STRIKE 67.00 CE : Buy USDINR (NOV) Call Option SA 0.99 SL 0.91 Target 1.03 / 1.06 / 1.10
STRIKE 67.00 CE : Sell USDINR (NOV) Call Option SB 0.83 SL 0.91 Target 0.79 / 0.76 / 0.72

STRIKE 67.50 CE : Buy USDINR (NOV) Call Option SA 0.61 SL 0.53 Target 0.65 / 0.68 / 0.72
STRIKE 67.50 CE : Sell USDINR (NOV) Call Option SB 0.45 SL 0.53 Target 0.41 / 0.38 / 0.34

STRIKE 68.00 CE : Buy USDINR (NOV) Call Option SA 0.33 SL 0.25 Target 0.37 / 0.40 / 0.44
STRIKE 68.00 CE : Sell USDINR (NOV) Call Option SB 0.17 SL 0.25 Target 0.13 / 0.10 / 0.06

STRIKE 68.50 CE : Buy USDINR (NOV) Call Option SA 0.20 SL 0.12 Target 0.24 / 0.27 / 0.31

STRIKE 69.00 CE : Buy USDINR (NOV) Call Option SA 0.13 SL 0.05 Target 0.17 / 0.20 / 0.24

Currency USDINR Put Option Tips 
( Paper Trading Practice for Currency Option Tips) 
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STRIKE 67.00 PE : Buy USDINR (NOV) Put Option SA 0.13 SL 0.05 Target 0.17 / 0.20 / 0.24

STRIKE 67.50 PE : Buy USDINR (NOV) Put Option SA 0.24 SL 0.16 Target 0.28 / 0.31 / 0.35

STRIKE 68.00 PE : Buy USDINR (NOV) Put Option SA 0.46 SL 0.38 Target 0.50 / 0.53 / 0.57
STRIKE 68.00 PE : Sell USDINR (NOV) Put Option SB 0.30 SL 0.38 Target 0.26 / 0.23 / 0.19

STRIKE 68.50 PE : Buy USDINR (NOV) Put Option SA 0.80 SL 0.72 Target 0.84 / 0.87 / 0.91
STRIKE 68.50 PE : Sell USDINR (NOV) Put Option SB 0.64 SL 0.72 Target 0.60 / 0.57 / 0.53

STRIKE 69.00 PE : Buy USDINR (NOV) Put Option SA 1.29 SL 1.21 Target 1.33 / 1.36 / 1.40
STRIKE 69.00 PE : Sell USDINR (NOV) Put Option SB 1.13 SL 1.21 Target 1.09 / 1.06 / 1.02