Daily Market Reflection

13 thJune 2016
Market Outlook

USDINR

Indian Currency lost its five day winning spree against dollar in early
trades on Friday on back of demand from Banks and importers on
back of higher crude oil prices and finally closed the session.
In April 2016, French Industrial production index - output recovered
in the manufacturing industry (+1.3% after -1.0% in March), as well
as in the whole industry (+1.2% after -0.4%).The index measures
the monthly evolution of the volume of industrial production. Also,
the seasonally adjusted Italian industrial production index increased
by 0.5%
Fundamental News
South Korean won, stocks weaken on dollar strength, but
mark weekly gain.
Italy Industrial Output w.d.a (YoY) increased to 1.8% in
April from previous 0.5%.
German Consumer prices in May 2016: +0.1% on May
2015.
German Wholesale prices in May 2016: 2.3% on May
2015.
Currency Future
Currency
Date

Date

% Chg

09-06-16

10-06-16

USDINR

66.9225

66.9125

-0.01%

EURINR

75.9275

75.6700

-0.34%

GBPINR

96.8425

96.5200

-0.33%

JPYINR

62.7900

62.6300

-0.25%

Event Calendar (13th June 2016)

Time
Currency
Event
5:20am

Forecast

Previous

JPY

BSI Manufacturing Index

-7.9

CNY

Foreign Direct
Investment ytd/y

4.8%

CNY

M2 Money Supply y/y

12.6%

12.8%

CNY

New Loans

750B

556B

7:00pm

GBP

CB Leading Index m/m

0.0%

5:30pm

INR

CPI(YoY)

5.52%

5.39%

13th15th
13th15th
13th15th

Reference Rate
Currency Date
09-06-16
USDINR
66.6250
EURINR
75.8925
GBPINR
96.7195
JPYINR
62.4100

Date
10-06-16
66.7948
75.4714
96.5719
62.4000

%
Change
+0.25%
-0.55%
-0.15%
-0.01%

Currencies vs $
Currency
Close
(5:00p
m)
Rupee
66.7600

Prev
Close

%
Chg

66.7200

Dollar Index

94.2100

94.0700

Euro

1.1298

1.1303

+0.05
%
+0.14
%
+0.04
%

Global Commodities
Commodit Close
Prev.Clos
y
e
Gold
1268.5 1267.78
2
Silver
17.28
17.27
Crude
49.85
50.39
Copper
2.0240 2.0290
Our Previous calls update

% Chg
+0.05%
+0.05%
-1.07%
-0.24%

Intraday super star

Date Currenc Entry
Exit
P/L
y
10/06 GBPINR 96.680 96.580 2400
0
0
Trifid special
Date Currenc Entry
Exit
P/L
y
09/0 JPYINR 62.530 62.830 1200
6
0
0
0

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Overview
USDINR

EURINR

USDINR opened on higher note and was able to sustain

on higher side closing flat to positive.

EURINR is dragging continuously since last few sessions

and finally settled in red territory.

If it closes above 100 day EMA of 67.1000 then further

strength can be seen while 66.7000 is seen as immediate
support from current levels.

It strongly resisted as seen on daily charts and if selling

pressure continues then it may fall towards 75.1000
whereas 76.0000 may resist it to move forward.

R1
67.1000

R1

R2

S1

S2

75.9000

76.1000

75.5000

75.3000

R2
67.3000

S1
66.8000

S2
66.6000

GBPINR

JPYINR

GBPINR fell for the third consecutive session and even

surpassed its important support on daily chart.

JPYINR moved with negative bias throughout the session

and closed in red.

On moving southwards, 95.9500 is seen as next major

support while 97.1000 may act as immediate resistance
from current levels.

Overall, its trend seems to be strong till it sustains above

62.1000 and 63.1000 is marked as immediate resistance
as seen on daily chart.

R1
96.7000

R1
62.8000

R2
96.9000

S1
96.3000

S2
96.1000

R2
63.0000

S1
62.4000

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S2
62.2000

Intraday Super Star

(Premium Section)

EURINR constantly dragged in the last few sessions after facing stiff resistance at higher levels and is expected to
continue its selling pressure.
SELL BELOW 75.6150 TARGETS 75.4950/75.3750 SL 75.8150.

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Trifid Special
(Premium Section)

JPYINR is inching higher for the last three sessions and tends to move towards the higher resistance mark if buying
momentum continues on daily charts.
BUY ABOVE 62.7500 TARGET 63.0500 SL 62.2500.

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