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Get Fundamentally strong Best Free Online Forex Tips and Currency Tips from Indian Stock Market. Best long term and short term Forex tips for investment.
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Daily Market Reflection<br />
26 th May 2016<br />
Market Outlook<br />
USDINR<br />
Indian Rupee snapped its losing streak of nine days against the<br />
American currency in early trade on Wednesday and sustained on<br />
lower levels and finally settled in red territory. Most emerging Asian<br />
currencies rose on Wednesday, tracking stronger equities, while a weak<br />
Chinese yuan and expectations of an imminent U.S. interest rate hike<br />
kept investors from adding bullish bets on regional units.<br />
Better than expected home sales data raised the dollar to hit two month<br />
high against the basket of currencies.<br />
Fundamental News<br />
Rupee snaps 9-day losing streak against the greenback.<br />
Dollar at 2-month highs on rate view, Greek deal helps euro.<br />
Sri Lankan rupee forwards down on importer dollar<br />
demand; stocks up.<br />
Strong equities support Asia FX; yuan, Fed rate view check<br />
gains.<br />
Currency Future<br />
Currency Date Date % Chg<br />
24-05-16 25-05-16<br />
USDINR 67.7825 67.3925 +0.41%<br />
EURINR 75.8325 75.1500 -0.90%<br />
GBPINR 98.9575 98.9625 +0.01%<br />
JPYINR 61.8450 61.1800 -1.08%<br />
Event Calendar (26 th May 2016)<br />
Time Currency Event Forecast Previous<br />
Reference Rate<br />
Currency Date Date %<br />
24-05-16 25-05-16 Change<br />
USDINR 67.7060 67.4467 -0.38%<br />
EURINR 75.9323 75.2098 -0.95%<br />
GBPINR 98.0654 98.5599 +0.50%<br />
JPYINR 61.9700 61.3200 -1.04%<br />
Currencies vs $<br />
Currency Close Prev % Chg<br />
(5:00pm) Close<br />
Rupee 67.4025 67.7550 -0.52%<br />
Dollar Index 95.6000 95.5900 +0.01%<br />
Euro 1.1142 1.1155 -0.11%<br />
Pound 1.4658 1.4610 +0.32%<br />
Japanese Yen 110.20 109.88 +0.29%<br />
Global Commodities<br />
Commodity Close Prev.Close % Chg<br />
Gold 1220.89 1228.51 -0.62%<br />
Silver 16.19 16.27 -0.49%<br />
Crude 49.21 49.27 -0.12%<br />
Copper 2.0705 2.0765 -0.28%<br />
5:20am JPY SPPI y/y 0.2% 0.2%<br />
2:00pm GBP Second Estimate GDP q/q 0.4% 0.4%<br />
2:00pm<br />
6:00pm<br />
GBP<br />
USD<br />
Prelim Business<br />
Investment q/q<br />
Core Durable Goods<br />
Orders m/m<br />
3.2% -2.0%<br />
0.3% -0.2%<br />
6:00pm USD Unemployment Claims 275K 278K<br />
6:00pm<br />
USD<br />
Durable Goods Orders<br />
m/m<br />
0.3% 0.8%<br />
Our Previous calls update<br />
Intraday super star<br />
Date Currency Entry Exit P/L<br />
25/05 USDINR - - -<br />
Trifid special<br />
Date Currency Entry Exit P/L<br />
10/05 GBPINR 96.5700 97.0700 20000<br />
For our next calls click here……..<br />
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Overview<br />
USDINR<br />
EURINR<br />
USDINR opened on lower note and continued to drag<br />
throughout the session and closed in red territory after a<br />
continuous winning streak.<br />
On daily charts, if it continues to fall then below 67.3000, it<br />
may fall towards 67.1000 while 67.6000 is seen as resistance.<br />
EURINR dragged for the entire session after reversals so<br />
seen on daily charts in the previous session<br />
The pair closed below the trend line acting as strong support<br />
and hence weakness may prevail in the counter towards<br />
74.9000 while immediate resistance is seen near 75.5000.<br />
R1 R2 S1 S2<br />
67.7000 67.9000 67.3000 67.1000<br />
GBPINR<br />
R1 R2 S1 S2<br />
75.4000 75.6000 75.0000 74.8000<br />
JPYINR<br />
GBPINR traded in sideways manner for most part of the<br />
session but showed strength in the last hour and closed<br />
strong.<br />
The pair is taking strict resistance around 99.0000 and any<br />
closing above it may further take it higher.<br />
JPYINR was not able to sustain on higher side and fell<br />
sharply in the intraday session and closed near to the deeper<br />
support levels.<br />
On daily charts, 61.0000 is seen as important support level<br />
while 61.5000 may act as immediate resistnace.<br />
R1 R2 S1 S2<br />
98.9000 99.1000 98.5000 98.3000<br />
R1 R2 S1 S2<br />
61.4000 61.6000 61.1000 60.9000<br />
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Intraday Super Star<br />
(Premium Section)<br />
Currency surpassed the trend line which was coming from deeper lows and closed below it which suggests sell offs may<br />
become aggressive if it sustains below the mentioned level.<br />
*****TARGETS ******/****** SL ******. For complete call, subscribe our premium report.<br />
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Trifid Special<br />
(Premium Section)<br />
Currency is taking constant support at lower levels and intends to move northwards from such bottom levels. If it is able to<br />
sustain above the trend line then it may show a short bull rally in coming sessions.<br />
***** TARGET *******SL ******. For complete call, subscribe our premium report.<br />
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