Daily Market Reflection

14 thJune 2016
Market Outlook

USDINR

The Rupee declined 25 paise to 66.01 against the US dollar in early

trade on Monday amid concerns over Fed policy meet beginning
Tuesday and referendum on Brexit next week. Weak domestic
output data released on Friday and cautiousness over the CPI data
scheduled later in the day, too weighed heavy on the domestic
currency compared with the previous month.
The British pound fell to an eight-week low against the dollar as
investors grew more nervous of a referendum that could pull Britain
out of the European Union.
Fundamental News
Dollar slips over 1 percent against yen as Brexit fears
stoke risk aversion.
China - May Industrial Production 6.0% y/y (expected
6.0%).
Sterling falls to 8-week low on Brexit anxiety, yen surges.
Sri Lankan rupee up; on exporter, foreign investor dollar
sales.
Currency Future
Currency
Date

Date

% Chg

10-06-16

13-06-16

USDINR

66.9375

67.3025

+0.55%

EURINR

75.6825

75.8700

+0.25%

GBPINR

96.5250

95.4600

-1.10%

JPYINR

62.6225

63.4375

+1.30%

Event Calendar (14th June 2016)

Time
Currency
Event

Forecast

Previous

10:00am

JPY

Revised Industrial
Production m/m

0.4%

0.3%

2:00pm

GBP

CPI y/y

0.4%

0.3%

2:00pm

GBP

PPI Input m/m

0.9%

0.9%

6:00pm

USD

Core Retail Sales m/m

0.4%

0.8%

6:00pm

USD

Retail Sales m/m

0.4%

1.3%

6:00pm

USD

Import Prices m/m

0.8%

0.3%

Reference Rate
Currency Date
09-06-16
USDINR
66.7948
EURINR
75.4714
GBPINR
96.5719
JPYINR
62.4000

Date
10-06-16
67.0737
75.5116
95.1172
63.3200

%
Change
+0.41%
+0.05%
-1.50%
+1.47%

Currencies vs $
Currency
Close
(5:00p
m)
Rupee
67.1375

Prev
Close

%
Chg

66.7600

Dollar Index

94.5600

94.6600

Euro

1.1265

1.1253

+0.56
%
0.10%
+0.10
%

Global Commodities
Commodit Close
Prev.Clos
y
e
Gold
1284.5 1274.64
2
Silver
17.33
17.13
Crude
2.0280 2.0470
Copper
48.51
48.48
Our Previous calls update

% Chg
+0.77%
+1.16%
-0.92%
+0.06%

Intraday super star

Date Currenc Entry
Exit
P/L
y
13/06 EURINR 75.615 75.495 2350
0
0
Trifid special
Date Currenc Entry
Exit
P/L
y
13/0 JPYINR 62.750 63.050 1200
6
0
0
0

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Overview
USDINR

EURINR

USDINR opened higher on back of Rupee depreciation

over poor IIP data and finally closed strong.

EURINR opened on lower note but gradually moved

northward during the session and closed in green.

It sustained above 100 day EMA which is a strengthening

signal for the pair while 67.0000 may act as strong
support from current levels.

Now, sustaining above 76.0000 can make the counter to

lead towards 76.4000 while 75.0500 is seen as crucial
support for the counter.

R1
67.4000

R1

R2

S1

S2

76.0000

76.2000

75.7000

75.5000

R2
67.6000

S1
67.0000

S2
66.8000

GBPINR

JPYINR

GBPINR witnessed a sharp fall over Brexit fears and

closed down surpassing deeper supports.

JPYINR broke the important resistance of 63.1000 on

daily charts and closed above strongly.

It needs to hold above 96.0000 to gain strength while

94.7000 will now act as important support for the pair.

It can further lead towards 64.0000 mark if sustains

above whereas 63.0000 is seen as key support.

R1
95.7000

R1
63.5000

R2
95.9000

S1
95.1000

S2
94.9000

R2
63.7000

S1
63.1000

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S2
62.9000

Intraday Super Star

(Premium Section)

JPYINR surpassed the key resistance levels and is expected to sustain on higher levels in the coming session as well
indicating bulls to remain active.
BUY ABOVE 63.5000 TARGETS 63.6200/63.7400 SL 63.3000.

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Trifid Special
(Premium Section)

GBPINR closed below the immediate support as seen on daily charts and weakness may continue to prevail if it holds
below this support and further bearishness can be seen.
SELL BELOW 95.1200 TARGET 94.7700 SL 96.0500.

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