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Trifid Research is a stock market advisory firm in the Indian financial market, that provide Free Forex Tips , Live Forex Tips , Online Currency Tips and also provide you 2 days free trial in all segments.
Trifid Research is a stock market advisory firm in the Indian financial market, that provide Free Forex Tips , Live Forex Tips , Online Currency Tips and also provide you 2 days free trial in all segments.
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08 FEBRUARY16<br />
www.trifidresearch.com
News FLASH<br />
‣ Dollar <strong>in</strong> doldrums as heads for worst week s<strong>in</strong>ce 2009.<br />
‣ Won, r<strong>in</strong>ggit, Taiwan dollar up; S<strong>in</strong>gapore dollar dips.<br />
‣ Germany: New orders <strong>in</strong> manufactur<strong>in</strong>g <strong>in</strong> December 2015: –0.7%<br />
seasonally adjusted on the previous month.<br />
‣ Retail Trade, Australia, Dec 2015 was relatively unchanged (0.0%).<br />
‣ Sweden Industrial Production (MoM): -2.9% (December) vs<br />
previous 1.4%.<br />
‣ Ch<strong>in</strong>a's SAFE says there is no basis for cont<strong>in</strong>ued yuan devaluation.<br />
‣ France trade balance Dec EUR -3.94bln vs -EUR4.4bln exp.<br />
‣<br />
Economic calendar – Feb 08<br />
TIME CURRENCY DESCRIPTION FORECAST PREVIOUS<br />
JPY<br />
5:20am<br />
Current Account 1.59T 1.42T<br />
7:00am<br />
10:30am<br />
12:30pm<br />
3:00pm<br />
8th-12th<br />
JPY<br />
JPY<br />
EUR<br />
EUR<br />
USD<br />
Average Cash Earn<strong>in</strong>gs y/y 0.7% 0.0%<br />
Economy Watchers Sentiment 48.5 48.7<br />
German Industrial Production m/m 0.2% -0.3%<br />
Sentix Investor Confidence 7.2 9.6<br />
Mortgage Del<strong>in</strong>quencies - 4.99%
Pivot table<br />
CURRENCIES S1 S2 S3 R1 R2 R3<br />
USDINR 67.7000 67.6000 67.5000 68.0000 68.1000 68.2000<br />
EURINR 75.8000 75.6000 75.4000 76.1000 76.3000 76.5000<br />
GBPINR 98.4000 98.3000 98.2000 98.8000 98.9000 99.0000<br />
JPYINR 57.9000 57.8000 57.7000 58.2000 58.3000 58.4000<br />
TECHNICAL VIEW<br />
GBPINR<br />
GBPINR on daily charts showed reversal from higher levels clos<strong>in</strong>g on lower side and so sell<strong>in</strong>g pressure<br />
can be seen if it holds below the level of 98.5050.
DISCLAIMER<br />
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