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R
EE E K L Y
P
O
R
T

05 JAN - 09 JAN 2015

Buy on fear, sell on greed.

Buy on the rumor, sell on the news.

The trend is your friend.

Amateurs want to be right.

Professionals want to make money.

MARKET OUTLOOK

MARKET EVENTS
Stocks help rupee recover by 6
paise vs US dollar to end at
63.29.
Dollar Rises on Fed Wagers as
Euro Drops After Draghi
Comments.
Asian currencies start 2015
weaker; rupiah hits 2-week
low.
Euro extends losses, falls to
lowest since June 2010.

CURRENCIES

USDINR

PREVIOUS

CURRENT

RATE

RATE

63.6300

63.6200

Indian Rupee declined against US

dollar in the initial session of the
week after the release of better than
expected US GDP numbers and
weakening of Crude Oil prices which
was further aided by month end
demand of dollars led by speculation
importers. Strength in US economy's
and diverging outlook of monetary
policies of major economies help
dollar to gain among other
currencies. Gain of Indices and HSBC
index gain boosted the sentiments of
Rupee in the later half. Key events
affecting in the coming week are
FOMC meet, Unemployment Rate,
Trade Balance and HSBC Services
PMI on domestic front.

KEY RATES As on 02/01/2015

% CHANGE
REFERENCE RATE
(USD)

63.2878

REPO RATE

8%

REVERSE REPO

7%

-0.15

EURINR

77.6000

76.6725

-1.19

GBPINR

99.0650

98.2175

-0.85

CRR

4%

JPYINR

52.9300

52.8425

-0.16

INFLATION

0.00%

USDINR

USDINR last week also hovered around the upper band of channel pattern and weakness
prevailed in the whole week as it was unable to hold around 64.0000 mark. Bearishness is
expected from current levels where 63.1000 is seen as major support whereas 64.2000 will
restrict it to move ahead.

EURINR

EURINR last week could not hold strongly above 78.0000 mark and dropped sharply downwards.
Now, it is near to its major and crucial support level around 76.1000 breaching which heavy
selling can be seen. However, any correction can lead it towards the immediate resistance of
77.6000 above which 78.0000 will again act as important resistance.

PIVOT TABLE
CURRENCIES

S1

S2

S3

R1

R2

R3

USDINR

63.1000

62.7000

62.3000

64.2000

64.5000

64.9000

EURINR

76.1000

75.7000

75.2000

77.2000

77.9000

78.5000

GBPINR

97.8000

97.3000

96.7000

98.7000

99.2000

99.8000

JPYINR

52.4000

52.0000

51.5000

53.5000

53.9000

54.4000

INTERNATIONAL UPDATES
Sterling sinks to 16-month low after UK manufacturing miss.
Rupiah Weakens Most in Two Weeks as U.S. Data Support the
Dollar.
Brazils Real Leads Major Currency Drops as Intervention
Eased.
DATE

TIME

COUNTRY

EVENT

BLOOMBERG
ESTIMATE

PREVIOUS
LEVEL

US

ISM NonManufacturing
PMI

59.3

US

ADP Non-Farm
Employment
Change

208K

US

FOMC Meeting
Minutes

US

Unemployment
Rate

5.8%

8:30
06-JAN-2015
PM
6:45
07-JAN-2015
PM
12:30
08-JAN-2015
AM
7:00
09-JAN-2015
PM

DISCLAIMER

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