INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) 15.05Pm

 INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) 15.05Pm
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3:02 PM INTRADAY Buy EURUSD SA 1.1305 SL 1.1291 Target 1.1315 / 1.1326 / 1.1337
3:02 PM INTRADAY Sell EURUSD SB 1.1279 SL 1.1293 Target 1.1269 / 1.1258 / 1.1247

3:02 PM INTRADAY Buy GBPUSD SA 1.3224 SL 1.3210 Target 1.3234 / 1.3245 / 1.3256
3:02 PM INTRADAY Sell GBPUSD SB 1.3198 SL 1.3212 Target 1.3188 / 1.3177 / 1.3166

3:02 PM INTRADAY Buy USDCHF SA 0.9673 SL 0.9659 Target 0.9683 / 0.9694 / 0.9705
3:02 PM INTRADAY Sell USDCHF SB 0.9647 SL 0.9661 Target 0.9637 / 0.9626 / 0.9615

3:02 PM INTRADAY Buy USDJPY SA 100.59 SL 100.45 Target 100.69 / 100.80 / 100.91
3:02 PM INTRADAY Sell USDJPY SB 100.33 SL 100.47 Target 100.23 / 100.12 / 100.01

3:02 PM INTRADAY Buy USDCAD SA 1.2915 SL 1.2901 Target 1.2925 / 1.2936 / 1.2947
3:02 PM INTRADAY Sell USDCAD SB 1.2889 SL 1.2903 Target 1.2879 / 1.2868 / 1.2857

3:02 PM INTRADAY Buy AUDUSD SA 0.7647 SL 0.7633 Target 0.7657 / 0.7668 / 0.7679
3:02 PM INTRADAY Sell AUDUSD SB 0.7621 SL 0.7635 Target 0.7611 / 0.7600 / 0.7589

3:02 PM INTRADAY Buy EURGBP SA 0.8561 SL 0.8547 Target 0.8571 / 0.8582 / 0.8593
3:02 PM INTRADAY Sell EURGBP SB 0.8535 SL 0.8549 Target 0.8525 / 0.8514 / 0.8503

3:02 PM INTRADAY Buy EURAUD SA 1.4807 SL 1.4793 Target 1.4817 / 1.4828 / 1.4839
3:02 PM INTRADAY Sell EURAUD SB 1.4781 SL 1.4795 Target 1.4771 / 1.4760 / 1.4749

3:02 PM INTRADAY Buy EURCHF SA 1.0921 SL 1.0907 Target 1.0931 / 1.0942 / 1.0953
3:02 PM INTRADAY Sell EURCHF SB 1.0895 SL 1.0909 Target 1.0885 / 1.0874 / 1.0863

3:02 PM INTRADAY Buy EURJPY SA 113.57 SL 113.43 Target 113.67 / 113.78 / 113.89
3:02 PM INTRADAY Sell EURJPY SB 113.31 SL 113.45 Target 113.21 / 113.10 / 112.99

Currency Market Update 26-08-2016 14:43Pm

Currency Market Update  26-08-2016 14:43Pm

NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut   : SELL ZONE
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Currency Market Update
26-08-2016 14:43
USDINR:Trend-UP
EURINR:Trend-UP
GBPINR:Trend-UP
JPYINR:Trend-Down
EURUSD:Trend-Down
GBPUSD:Trend-UP
USDCHF:Trend-Down
USDJPY:Trend-UP
USDCAD:Trend-Down
AUDUSD:Trend-UP
EURGBP:Trend-Down
EURAUD:Trend-Down
EURCHF:Trend-UP
EURJPY:Trend-UP

USD/JPY TECHNICAL OUTLOOK : 26.08.2016

USD/JPY TECHNICAL OUTLOOK : 26.08.2016
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USD/JPY. Pair after opening at 100.29and made a high of 99.91 and was seen buying pressure, the pair had bottom out and made a low of 98.98 and from there the pair had reversed and now trading near its 08Dma 102.35, the pair is not able to go below 99.levels and that has emerge as a strong support so any trade above 100.50 is a breakout buying in the pair

Fundamental Overview

Yen is trading at 100.47, with little change from yesterday, reflecting the range bound trade in the US dollar. CPI data reported this morning was below expectations and forces markets to assume further stimulus from the Bank of Japan to prop up inflation. Major moves can be expected after Yellen speech but the pair is likely to settle near the 100.00 mark.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:00:00 JPY National Core CPI (YoY) (Jul) -0.40% -0.50%
05:00:00 JPY Tokyo Core CPI (YoY) (Aug) -0.30% -0.40%

GBP/USD TECHNICAL OUTLOOK : 26.08.2016

GBP/USD TECHNICAL OUTLOOK : 26.08.2016
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GBP/USD. Pair after opening at 1.3230 made a high of 1.3264 , and saw some profit booking from the higher levels the pair is respecting the levels of 1.3100 as a resistance and 20DMA at 1.3096 and now that has become support and the pair is making inverted head and shoulder pattern on hourly chart so intraday dips shall be utilized to buy the pair

Fundamental Overview

Pound is trading at 1.3200, losing some steam from the rally that was seen in the last few trading sessions. Second quarter GDP and business climate data is scheduled to be reported and another positive data could drive the pair higher before Yellen speech in the evening. Expect the pair to be volatile and we would like to fade upticks in the pair.


Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP Business Investment (QoQ) (Q2) -0.90% -0.60%
14:00:00 GBP GDP (YoY) (Q2) 2.20% 2.20%
14:00:00 GBP GDP (QoQ) (Q2) 0.60% 0.60%

EUR/USD TECHNICAL OUTLOOK : 26.08.2016

EUR/USD TECHNICAL OUTLOOK : 26.08.2016
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EUR/USD. Pair after opening at 1.1303Made a high of 1.1311, and was trading with a negative bias, during the day ,but the pair has violated the recent range and any rise close to its yesterdays high likely to find resistance, while strong resistance near swing high and channel resistance 1.1360 will face strong hurdle, so rise shall be utilized to sell the pair

Fundamental Overview

Euro is trading at 1.1291, appreciating marginally in yesterday’s trade despite a weak print in the German business climate index. Euro is expected to hover around these levels during the day but a dovish statement from Yellen could drive the pair higher.


Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 EUR GfK German Consumer Climate (Sep) 9.9 10

USDINR TECHNICAL OUTLOOK : 26.08.2016

USDINR TECHNICAL OUTLOOK : 26.08.2016
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Above is the Daily Chart of USDINR, the pair after opening at 67.12 and made a high of 67.13 and trading side wise session after pair breaking out few days back now 67.00- will act as a strong support in the pair on spot basis and any dip can be utilized to go long in the pair and short term resistance will come around 67.40 levels but intraday expecting a range of 66.90-67.10


Fundamental Overview

US dollar index is trading at 94.64; remaining largely unchanged against the majors as markets eagerly wait for Yellen’s speech tonight. A hawkish statement, affirming a rate this year, Fed chair could drive USD higher, but the chances for the same remain slim. We can expect a wait and watch stance statement which could help other currencies rally against the dollar.

Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:30:00 USD Jackson Hole Symposium
18:00:00 USD GDP (QoQ) (Q2) 1.10% 1.20%
18:00:00 USD GDP Price Index (QoQ) (Q2) 2.20% 2.20%
18:00:00 USD Goods Trade Balance (Jul) -62.30B -63.30B
19:30:00 USD Fed Chair Yellen Speaks
19:30:00 USD Michigan Consumer Expectations (Aug) 81 80.3
19:30:00 USD Michigan Consumer Sentiment (Aug) 90.6 90.4
22:30:00 USD Baker Hughes U.S. Rig Count 406

FOREX MARKET OVERVIEW GLOBAL TRACKER : 26.08.2016

FOREX MARKET OVERVIEW GLOBAL TRACKER : 26.08.2016
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Global markets remain anxious before the key speech from Janet Yellen later in the evening. Investors expect to hear some clues about future rate hikes from the FED chair, and these expectations will keep them from taking positions during the day. US dollar, along with the majors is expected to trade sideways and all other data would be irrelevant before the Key event in the evening. We expect an ambiguous statement from Yellen and this could limit dollar gains after the event. Rupee is set to open on a marginally positive note but would continue with the range bound trading during the day.

US DOLLAR INDEX (USD) : 26.08.2016

US DOLLAR INDEX (USD) : 26.08.2016

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 In spite of the robust release of core durable goods and  unemployment claims data from the nation, the American  currency traded on a flat note yesterday. Reason for the same  could be attributed to the investors focus on the Jackson Hole  meeting which is scheduled to start today. Officials of other  central banks and other senior financial officials will indulge into  discussion about the world economy.  Moreover, the markets will be looking for hints from Federal  Reserve chair Janet Yellen regarding the Fed’s monetary plans,  particularly the timing of a rate hike. FOMC members are  expected to express their views in the days leading to the crucial  meeting.  The American  currency made an intraday low of 94.56 and closed  at 94.74 on Thursday.

 OUTLOOK Rupee is likely to trade higher as dollar movements in the  overseas markets remain weak owing to the annual conference in  Jackson Hole, Wyoming where the where the US Fed Chair Janet  Yellen will speak today giving some light on interest rate hike  timings.

Indian Currencies Update : 26.08.2016

Indian Currencies Update : 26.08.2016

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USDINR

The pair opened marginally lower and gradually corrected  throughout the session to end with a nominal loss o f 0.16  percent. During the day, pair precisely tested the immediate support near 67 which also coincides with the 61.8% Fibonacci retracement joining 66.8325 to the top of 67.3250 thus possibility of b ounce  can’t be ruled out. 66.98 / 66.83 are intraday supp ort  whereas 67.11 / 67.22 are the intraday resistance.

GBPINR

The pair opened marginally lower and traded through out  the session with a range of its previous day’s rang e thus  daily candle formed an inside the candle.  daily chart, the price formed a Bullish Divergence  which  was followed by a negative re versal. The said pattern will  be activated if pair closed below 88.38 in that case we  will see another round of sell 88.38.

EURINR

For the third consecutive session, pair opened lower and  corrected during the first half of the session. During the  second half, we saw decent recovery which pared mos t of  its early losses and eventually ended with a nominal loss  of 0.06 percent. The daily  price action formed a Doji pattern indicates indecision.

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