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19 OCTOBER15
News FLASH<br />
‣ Rupee marg<strong>in</strong>ally higher at 64.81 vs US dollar.<br />
‣ Solid U.S. <strong>in</strong>flation data hurts Asia FX, rupiah down after dovish<br />
c.bank.<br />
‣ Dollar ga<strong>in</strong>s on U.S. <strong>in</strong>flation data, ECB eas<strong>in</strong>g expectations.<br />
‣ Rupiah, r<strong>in</strong>ggit, S<strong>in</strong>gapore dollar, yuan down; won up.<br />
‣ Euro area <strong>in</strong>ternational trade <strong>in</strong> goods surplus €11.2 bn.<br />
‣ Annual <strong>in</strong>flation down <strong>to</strong> -0.1% <strong>in</strong> the euro area.<br />
‣ BOJ's Kuroda says they will cont<strong>in</strong>ue eas<strong>in</strong>g until 2% <strong>in</strong>flation is<br />
stable.<br />
Economic calendar – Oct 19<br />
TIME CURRENCY DESCRIPTION FORECAST PREVIOUS<br />
GBP<br />
4:31am<br />
Rightmove HPI m/m - 0.9%<br />
7:30am<br />
7:30am<br />
3:30pm<br />
7:30pm<br />
9:30pm<br />
CNY<br />
CNY<br />
EUR<br />
USD<br />
USD<br />
GDP q/y - 7.0%<br />
Industrial Production y/y - 6.1%<br />
German Buba Monthly Report - -<br />
NAHB Hous<strong>in</strong>g Market Index - 62<br />
FOMC Member Lacker Speaks - -
Pivot table<br />
CURRENCIES S1 S2 S3 R1 R2 R3<br />
USDINR 64.8000 64.7000 64.6000 65.0000 65.1000 65.2000<br />
EURINR 73.6000 73.5000 73.4000 73.9000 74.0000 74.1000<br />
GBPINR 100.1000 100.0000 99.9000 100.5000 100.6000 100.7000<br />
JPYINR 54.4000 54.3000 54.2000 54.7000 54.8000 54.9000<br />
TECHNICAL VIEW<br />
EURINR<br />
EURINR on daily charts showed downfall for the second consecutive session and the downfall may<br />
cont<strong>in</strong>ue <strong>in</strong> the counter if susta<strong>in</strong>s below the level of 73.6600.
DISCLAIMER<br />
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