Daily Market Reflection

30thJune 2016
Market Outlook

USDINR

Indian Rupee appreciated during the day against the greenback

after following weak trend in last few sessions and closed strong.
The pound rose for the first time since the UK's vote to leave the
European Union, as a recovery in investor appetite for higheryielding assets seeped through currency markets and sapped
demand for the dollar and the yen as havens. Sterling rose against
most of its Group-of-10 counterparts as EU leaders gather in
Brussels for the start of a two-day European Council summit to
discuss Britain's decision to leave the bloc.
Fundamental News

Asia FX firms as immediate Brexit shock fades.

Yen up, sterling steadies but post-Brexit sentiment
remains fragile.
China's yuan lingers near 5.5-yr low as c.bank stays on
sidelines.
Pound gains for first time after Brexit.

Currency Future
Currency
Date

Date

% Chg

28-06-16

29-06-16

USDINR

68.2875

67.9975

-0.42%

EURINR

75.7075

75.3850

-0.43%

GBPINR

91.2350

91.5050

+0.30%

JPYINR

66.7075

66.2125

-0.74%

Event Calendar (29th June 2016)

Time
Currency
Event

Forecast

Previous

11:30am

EUR

German Retail Sales

m/m

0.7%

-0.9%

2:00am

GBP

Current Account

-27.3B

-32.7B

2:00am

GBP

Final GDP q/q

0.4%

0.4%

2:30pm

EUR

CPI Flash Estimate y/y

0.0%

-0.1%

6:00pm

USD

Unemployment Claims

267K

259K

USD

FOMC Member Bullard

Speaks

11:00pm

Reference Rate
Currency Date
Date
28-06-16 29-06-16
USDINR
67.8867 67.7443
EURINR
75.0623 75.0200
GBPINR
90.1739 90.4928
JPYINR
66.6900 66.2100

%
Change
-0.20%
-0.05%
+0.35%
-0.71%

Currencies vs $
Currency
Close
(5:00p
m)
Rupee
67.6263

Prev
Close

% Chg

67.9525

Dollar Index

95.9100

96.0700

Euro

1.1090

1.1067

0.48%
0.16%
+0.20
%

Global Commodities
Commodit Close
Prev.Clos
y
e
Gold
1316.7 1317.80
4
Silver
18.13
17.94
Crude
48.46
48.17
Copper
2.1603 2.1530
Our Previous calls update
Intraday super star
Date Currenc
y
27/06 JPYINR
Trifid special
Date Currenc
y
21/0 JPYINR
6

% Chg
-0.08%
+1.05%
+0.60%
+0.33%

Entry

Exit

P/L

Entry

Exit

P/L

64.560
0

64.850
0

1160
0

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Overview
USDINR

EURINR

USDINR dragged on lower side during the session after

the strength shown by the pair in the last session.

EURINR opened gap down and sustained on ower side

for the entire session.

Rupee appreciated against the dollar due to which the

pair may fall towards 67.8000 if continues to fall while
strength can be seen above 68.2000.

On intraday charts, immediate resistance is seen around

75.5000 while weakness can be seen if the pair sustains
below 75.1000.

R1
67.8000

R1

R2

S1

S2

75.6000

75.8000

75.2000

75.0000

R2
67.6000

S1
68.2000

S2
68.4000

GBPINR

JPYINR

GBPINR is moving in sideways manner with positive bias

and closed near to resistance levels.

JPYINR is falling down since last three successive

sessions and hence closed on weak note.

If it surpasses the three day consolidation range of

91.6000 then it may be seen in the next resistance range
of 92.0000-92.6000 whereas 90.8000 is the key support.

On daily charts, it intends o slip towards the near and key

support of 65.5000 while strength can now be seen if it
sustains above 66.7000-67.0000 resistance range.

R1
91.7000

R1
66.7000

R2
91.9000

S1
90.3000

S2
90.0000

R2
66.9000

S1
66.0000

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S2
65.8000

Intraday Super Star

(Premium Section)

GBPINR had consolidated around the strict resistnace level since last three consecutive sessions and may show up
move in the coming session.
BUY ABOVE 91.5900 TARGETS 91.7100/91.8300 SL 91.3900.

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Trifid Special
(Premium Section)

JPYINR is running on weaker side since last two sessions and is expected to further fall towards the next immediate
support so seen on daily charts.
SELL BELOW 66.3500 TARGET 66.0500 SL 66.8500.

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