INDICES LAST CHANGE WOW MOM -...
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Monday, June 27, 2016 Currency Daily Report Wednesday, April 12, 2017 MARKET HIGHLIGHTS (% change) as on 11-Apr-17 INDICES LAST CHANGE WOW MOM SENSEX 29788.35 0.71 -0.47 2.83 NIFTY 9237 0.60 -0.27 3.27 S&P 500 2353.78 -0.14 -0.16 -0.80 FTSE 100 7365.5 0.22 0.85 0.30 CAC 40 5101.86 -0.11 -0.38 2.13 DAX 12139.35 -0.50 -0.75 1.45 HANG SENG 24088.46 -0.72 -0.77 2.16 KOSPI 2123.85 -0.45 -1.36 1.25 DJIA 20651.3 -0.03 -0.06 -1.22 NYMEX CRUDE 53.4 0.60 3.18 9.19 COMEX GOLD 1271.2 1.58 1.64 5.55 Source: Reuters CURRENCY HIGHLIGHTS (% change) as on 11-Apr-17 CURRENCY LAST CHANGE WOW MOM INR 64.55 0.05 0.49 2.98 DX 100.71 -0.31 0.15 -0.54 EURUSD 1.0602 0.08 -0.57 -0.63 EURINR 68.62 0.31 -0.99 -3.44 GBPUSD 1.2488 0.62 0.06 2.55 GBPINR 80.61 0.55 -0.43 -0.43 USDJPY 109.6 -1.21 -0.99 -4.69 JPYINR 58.8799 -1.17 -0.51 -1.56 Source: Reuters Technical Chart – USDINR Source: Reuters Daily INR= 07-03-2017 - 13-04-2017 (GMT) Cndl, 64.7075, +0.1575, (+0.24%) /USD 64 66 64.7075 13 20 27 03 10 March 2017 April 2017 GLOBAL UPDATES Asian market equities are trading in red after reports suggested that Syrian warplanes dropped barrel bombs on rebel-held areas immediately after America warned Syria of another air strike. North Korea has warned of a nuclear attack on the United States if provoked which played with investors’ confidence thereby denting the demand for risky assets. FUNDAMENTAL OUTLOOK Indian rupee The Indian Rupee spot traded in a volatile manner in yesterday’s trading session. It started off on a lower note however ended lower by 0.05 percent. Reason behind the same could be attributed to the ongoing global tensions which prompted traders to play safe and refrain from making any risky investment bets. Furthermore, disappointing release of employment data sets from the US along with US Fed Chair’s dull comment kept the US Dollar Index lower in turn boosting the demand for the Indian currency. In today’s trading session, USDINR spot is likely to depreciate as investors cautiously wait for important release of economic datasets form the nation along with the US President Trump’s speech later in the day. Euro Yesterday, Euro currency spot traded higher by 0.08 percent (EURUSD) and 0.31 percent (EURINR) mainly due to weak US Dollar Index which failed to give any reaction to the US Fed Chair’s speech. Janet Yellen did not give any clear information with respect to balance sheet reduction. She reiterated that the US economy was in a healthy state and that the unemployment at 4.5 percent suggested 'full employment'. However, sharp gains were restricted as growing geopolitical tensions in Middle-East, Korea and France has infused fears in the minds keeping the shared currency pressurized. Today, EURINR spot is expected to trade sideways to higher. Sterling pound Sterling pound spot traded higher by 0.62 percent (GBPUSD) and 0.55 percent (GBPINR) in yesterday’s trading session; all thanks to dollar weakness. Moreover, the robust release of inflation data from the nation added to pound’s strength. Increasing inflation should be good for the British pound over the longer term. The strength in pound is basically temporary as the unpredictable political risk is currently on the driver’s seat, giving directions to the Pound. Hence any usual news on the political front will influence GBP’s price trend. Today, GBPINR spot is likely to trade in a range bound manner owing to cautiousness in the markets ahead of the BoE governor speech and labor data from the nation. Japanese Yen USDJPY spot appreciated by 1.21 percent while JPYINR spot surged by 1.17 percent yesterday owing to the geo-political risks in the overseas markets which infused jitters in the markets prompting traders to play safe and park funds in safe-haven Yen. Today, JPYINR spot is likely to trade higher.
Transcript of INDICES LAST CHANGE WOW MOM -...
Monday, June 27, 2016
Currency Daily Report
Wednesday, April 12, 2017
MARKET HIGHLIGHTS (% change) as on 11-Apr-17
INDICES LAST CHANGE WOW MOM
SENSEX 29788.35 0.71 -0.47 2.83
NIFTY 9237 0.60 -0.27 3.27
S&P 500 2353.78 -0.14 -0.16 -0.80
FTSE 100 7365.5 0.22 0.85 0.30
CAC 40 5101.86 -0.11 -0.38 2.13
DAX 12139.35 -0.50 -0.75 1.45
HANG SENG 24088.46 -0.72 -0.77 2.16
KOSPI 2123.85 -0.45 -1.36 1.25
DJIA 20651.3 -0.03 -0.06 -1.22
NYMEX CRUDE 53.4 0.60 3.18 9.19
COMEX GOLD 1271.2 1.58 1.64 5.55
Source: Reuters
CURRENCY HIGHLIGHTS (% change) as on 11-Apr-17
CURRENCY LAST CHANGE WOW MOM
INR 64.55 0.05 0.49 2.98
DX 100.71 -0.31 0.15 -0.54
EURUSD 1.0602 0.08 -0.57 -0.63
EURINR 68.62 0.31 -0.99 -3.44
GBPUSD 1.2488 0.62 0.06 2.55
GBPINR 80.61 0.55 -0.43 -0.43
USDJPY 109.6 -1.21 -0.99 -4.69
JPYINR 58.8799 -1.17 -0.51 -1.56
Source: Reuters
Technical Chart – USDINR
Source: Reuters
Daily INR= 07-03-2017 - 13-04-2017 (GMT)
Cndl, 64.7075, +0.1575, (+0.24%) /USD
64
66
64.7075
13 20 27 03 10March 2017 April 2017
GLOBAL UPDATES
Asian market equities are trading in red after reports suggested
that Syrian warplanes dropped barrel bombs on rebel-held areas
immediately after America warned Syria of another air strike.
North Korea has warned of a nuclear attack on the United States
if provoked which played with investors’ confidence thereby
denting the demand for risky assets.
FUNDAMENTAL OUTLOOK
Indian rupee
The Indian Rupee spot traded in a volatile manner in yesterday’s
trading session. It started off on a lower note however ended lower
by 0.05 percent. Reason behind the same could be attributed to the
ongoing global tensions which prompted traders to play safe and
refrain from making any risky investment bets. Furthermore,
disappointing release of employment data sets from the US along
with US Fed Chair’s dull comment kept the US Dollar Index lower in
turn boosting the demand for the Indian currency. In today’s trading
session, USDINR spot is likely to depreciate as investors cautiously
wait for important release of economic datasets form the nation
along with the US President Trump’s speech later in the day.
Euro
Yesterday, Euro currency spot traded higher by 0.08 percent
(EURUSD) and 0.31 percent (EURINR) mainly due to weak US Dollar
Index which failed to give any reaction to the US Fed Chair’s speech.
Janet Yellen did not give any clear information with respect to
balance sheet reduction. She reiterated that the US economy was in
a healthy state and that the unemployment at 4.5 percent suggested
'full employment'. However, sharp gains were restricted as growing
geopolitical tensions in Middle-East, Korea and France has infused
fears in the minds keeping the shared currency pressurized. Today,
EURINR spot is expected to trade sideways to higher.
Sterling pound Sterling pound spot traded higher by 0.62 percent (GBPUSD) and
0.55 percent (GBPINR) in yesterday’s trading session; all thanks to
dollar weakness. Moreover, the robust release of inflation data from
the nation added to pound’s strength. Increasing inflation should be
good for the British pound over the longer term. The strength in
pound is basically temporary as the unpredictable political risk is
currently on the driver’s seat, giving directions to the Pound. Hence
any usual news on the political front will influence GBP’s price trend.
Today, GBPINR spot is likely to trade in a range bound manner
owing to cautiousness in the markets ahead of the BoE governor
speech and labor data from the nation.
Japanese Yen USDJPY spot appreciated by 1.21 percent while JPYINR spot surged
by 1.17 percent yesterday owing to the geo-political risks in the
overseas markets which infused jitters in the markets prompting
traders to play safe and park funds in safe-haven Yen. Today, JPYINR
spot is likely to trade higher.
Monday, June 27, 2016
Currency Daily Report
Wednesday, April 12, 2017
Technical outlook for 12-Apr-17
Currency Futures Trend S1 S2 R1 R2
USDINR Apr (NSE) Up 64.45 64.30 64.80 64.95
EURINR Apr (NSE) Sideways 68.55 68.40 68.85 69.00
GBPINR Apr (NSE) Sideways 80.25 80.10 80.55 80.70
JPYINR Apr (NSE) Up 58.35 58.20 58.65 58.80
Economic indicators to be released on 12-Apr-17
INDICATOR COUNTRY TIME (IST) ACTUAL FORECAST PREVIOUS IMPACT
CPI y/y China 7:00pm 0.9% 1.1% 0.8% Medium
BOE Gov Carney Speaks UK 1:30pm - - - High
Average Earnings Index 3m/y UK 2:00pm - 2.1% 2.2% High
Crude Oil Inventories US 8:00pm - -0.7M 1.6M High
Research Team
Heena Imtiaz Naik Research Associate (Currency) [email protected] (022) 3935 8104 Extn :6104
Kaynat Chainwala Research Analyst [email protected] (022) 3935 8136 Extn :6136
Prathamesh Mallya Chief Analyst (Non-Agro Commodities & Currency) [email protected] (022) 3935 8134 Extn :6134
Angel Broking Ltd.
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Debt Equity
India's FII trend for March'17 ($ million)
Source: Reuters; Angel Currencies
