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7/28/2019 Currency Daily Report, July 11 2013
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Content
Overview
US Dollar
Euro
GBP
JPY
Economic Indicators
Angel Broking Ltd.
Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, A
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Currency: INE231279838 / MCX Currency Sebi Regn No: INE261
Disclaimer: The information and opinions contained in the document
correctness. The document is not, and should not be construed as an off
part, by any recipient hereof for any purpose without prior permission fr
Research Team
Reena Rohit
Chief Manager
Non-Agri Commodities and CurrenciesReena.rohit@angelbroking.com
(022) 2921 2000 Extn :6134
Anish Vyas
Research Analyst
anish.vyas@angelbroking.com
(022) 2921 2000 Extn :6104
Overview:
Curre
ndheri (E), Mumbai - 400 093.
mbai - 400 093. Tel: (022) 2921 2000
79838 / Member ID: 10500
have been compiled from sources believed to be reliable. The company doe
er to sell or solicitation to buy any commodities. This document may not be repr
m “Angel Broking Ltd”. Your feedback is appreciated on currencies@angelbroki
cies Daily ReporThursday| July 11, 201
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s not warrant its accuracy, completen
oduced, distributed or published, in who
ng.com
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ghlights
US Fed Chairman Ben Bernanke hints it will continu
French Industrial Production declined around 0.4 p
apan’s Core Machinery Orders rose sharply by 10.5
an markets are trading higher today on the back
Federal Reserve Chairman Ben Bernanke that hig
licy is required for better future of world’s lar
rther, favorable machinery orders data from Japan
side in market sentiments.
S Dollar Index
e US Dollar Index (DX) declined around 0.6 percen
de on the back of statement from Federal Rese
rnanke that central banks needs to wait and watch
bor markets before tapering its asset purchases pro
rther, mixed reaction in the Federal Reserve minu
sterday saw that many members were in favor
nd buying program and want further fall in jobs
ted for reduction in stimulus package exerted do
e currency. The DX touched an intra-day low of 8
.23 on Wednesday.
ollar/INR
e Indian Rupee appreciated around 0.4 percent in
ssion. The currency appreciated on the back of serve Bank of India (RBI) to buy dollars for state o
ly from SBI. Further, weakness in the DX in the ear
pported an upside in currency.
ditionally, expectations of more measures fro
obability of jewelers banning sale of gold coins and
hich will provide relief to Current Account Deficit (
ted as a positive factor for the Rupee. The currenc
y high of 59.635 and closed at 59.88 on Wednesday
r the month of July 2013, FII inflows totaled a161.88 million) as on 10
thJuly 2013. Year to dat
lows stood at Rs.73,127.80 crores ($13,662.70 m
13.
tlook
om the intra-day perspective, we expect the
preciate on account of upbeat global and domesti
th weakness in the DX. Further, expectations of m
ken by RBI along with ease in the Fed’s redu
easures will support an upside in the currency.
Curre
e with stimulus.
rcent in May.
percent in May.
of statement from
ly accommodative
gest economy US.
also supported an
in the yesterday’s
rve Chairman Ben
for more favorable
ram.
es which was held
of continuation of
data, while others
nside pressure on
3.64 and closed at
yesterday’s trading
easures taken byned oil companies
ly part of the trade
RBI along with
bars for six months
AD) of the country
touched an intra-
.
Rs.949.60 croresbasis, net capital
illion) till 10th
July
Rupee to sharply
ic markets coupled
re measures to be
ction for stimulus
Market Highlights (% change)
Last
NIFTY 5816.7
SENSEX 19294.1
DJIA 15291.66
S&P 1652.6
FTSE 15677.3
KOSPI 1959.2
BOVESPA 58497.8
NIKKEI 14416.6
Nymex Crude
(Aug’13) - $/bbl
106.52
Comex Gold
(Aug’13) - $/oz
1247.40
Comex
Silver(Sept’13)
$/oz
19.15
LME Copper (3
month) -$/tonne
6797.50
CRB Index
(Industrial)
-
G-Sec -10 yr
@7.8% - Yield
102.09
US Dollar (% change)
Last
Dollar Index 84.23 -
US $ / INR (Spot) 59.88
US $ / INR July’13
Futures (NSE)
59.93 -
US $ / INR July’13
Futures (MCX-SX)
59.96 -
Technical Chart – USD/INR
Technical Outlook
US Dollar/INR July’13(NSE/MCX-SX)
cies Daily ReporThursday| July 11, 201
www.angelbroking.com
as on July 10, 2013
Prev.
dayWoW MoM
-0.7 0.8 -1.0
-0.7 0.6 -0.8
-0.1 2.4 2.0
0.0 2.3 0.6
-0.7 2.6 -2.9
-1.5 7.4 4.1
0.2 29.9 18.6
-0.4 -0.1 10.8
2.9 6.9 11.1
0.1 -0.4 -9.5
0.1 -2.7 -11.3
0.6 -2.8 -13.4
- - -
0.0 4.6 2.9
Source:
as on July 10,
rev.
day WoW MoM
0.6 0.9 4.1
0.4 0.5 -3.0
0.88 -0.95 2.65
0.86 -0.89 2.78
Source: T
valid for July 11, 2013
Trend Support Res
Down 59.60/59.40 60.10
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uro/INR
he Euro appreciated around 1.5 percent in the yest
ack of weakness in the DX. Further, upbeat
upported an upside in the currency.
dditionally, economic data from the regionrecasted also acted as a positive factor. The Euro t
gh of 1.2983 and closed at 1.2974 against the dolla
erman Final Consumer Price Index (CPI) remaine
ercent in the month of June. French Industrial
round 0.4 percent in May from rise of 2.2 percent
dustrial Production grew at slow pace of 0.1 p
espect to decline of 0.3 percent in earlier month.
utlook
today’s session, we expect the Euro to trade hi
pbeat global markets. Further, weakness in the DX
pside in the currency.
echnical Outlook valid
Trend Sup
ro/INR July’13
SE/MCX-SX)Down 76.70/76
BP/INR
he Sterling Pound appreciated around 1 percent in
ession taking cues from weakness in the DX. F
ppetite in the global markets in the later part of the
pside in the currency. The Sterling Pound touched
5012 and closed at 1.501 against dollar on Wednes
utlook
We expect the Sterling Pound to trade on a positive
pbeat global markets. Further, weakness in the DX
ctor for the Pound.
echnical Outlook valid fo
Trend Suppo
BP/INR July ’13
SE/MCX-SX)Down 89.20/89.
Curre
Euro (% change)
Last Prev
Euro /$ (Spot) 1.2974
Euro / INR (Spot) 77.70
Euro / INR July
’13 Futures (NSE)
76.9 -
Euro / INR
July’13 Futures
(MCX-SX)
76.9 -
Technical Chart – Euro
GBP (% change)
Last Prev.
$ / GBP (Spot) 1.501 0
GBP / INR
(Spot)
90.604 1
GBP / INR
July’13 Futures
(NSE)
89.39 -0
GBP / INR July
’13 Futures
(MCX-SX)
89.43 -0
Technical Chart – Sterling Pound
erday’s trade on the
lobal markets also
came better thanouched an intra-day
r on Wednesday.
unchanged at 0.1
roduction declined
a month ago. Italian
rcent in May with
her on the back of
will also support an
or July 11, 2013
ort Resistance
.50 77.10/77.30
yesterday’s trading
urther, rise in risk
trade supported an
an intra-day high of
day.
note on the back of
will act as a positive
r July 11, 2013
rt Resistance
.0 89.60/89.80
cies Daily ReporThursday| July 11, 201
www.angelbroking.com
as on July 10, 2013
. day WoW MoM
1.5 -0.2 -2.1
-1.2 0.8 -0.8
1.13 -1.93 -0.29
1.17 -1.91 -0.30
Source: Re
Source: Tele
as on July 10, 2013
ay WoW MoM
.98 -1.8 -3.6
.50 -1.56 0.10
.50 -3.15 -1.33
.54 -3.13 -1.32
Source: Re
Source: Tele
7/28/2019 Currency Daily Report, July 11 2013
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Y/INR
e Japanese Yen appreciated around 1.5 percen
ding session on account of expectations that Ban
ep its policy unchanged along with rise in risk a
rkets which lead to fall in demand for the currency.
ra-day high of 99.41 and closed at 99.64 against dol
pan’s Core Machinery Orders rose sharply by 10.
ainst a decline of 8.8 percent a month earlier.
tlook
r intra-day trade, we expect the Japanese Yen to ap
m expectation that BOJ will keep its policy steady
view on the economy. However, rise in risk ap
rkets, which could lead to fall in demand for the
arp gains in the Yen.
chnical Outlook valid
Trend Supp
/INR July ’13
E/MCX-SX)Down 59.70/59.
Economic Indicators to be released on
ndicator Country
Fed Chairman Bernanke Speaks US
Core Machinery Orders m/m Japan
Monetary Policy Statement Japan
BOJ Press Conference Japan
ECB Monthly Bulletin Euro
German Buba President Weidmann
Speaks
Euro
MPC Member Miles Speaks UK
Unemployment Claims US
mport Prices m/m US
Federal Budget Balance US
Curre
JPY (% change)
Last P
JPY / $ (Spot) 99.64
JPY / INR (Spot) 0.6048
JPY 100 / INR
July’13 Futures(NSE)
59.94
JPY 100 / INR
July’13 Futures
(MCX-SX)
59.91
Technical Chart – JPY
in the yesterday’s
k of Japan (BOJ) will
petite in the global
. The Yen touched an
lar on Wednesday.
percent in May as
preciate, taking cues
nd likely to upgrade
petite in the global
urrency and capped
or July 11, 2013
ort Resistance
.50 60.15/60.30
uly 11, 2013
Time (IST) Actual Forecast
1:40am - -
5:20am 10.5% 1.9%
Tentative - -
Tentative - -
1:30pm - -
1:30pm - -
2:00pm - -
6:00pm - 342K
6:00pm - 0.1%
11:30pm - 42.1B
cies Daily ReporThursday| July 11, 201
www angelbroking com
as on July 10, 2013
rev day WoW MoM
-1.5 -0.3 0.9
1.80 0.22 2.82 -1
0.23 -1.52 1.59 -1
0.09 -1.57 1.59 -1
Source:
Source: Te
Previous Impact
- High
-8.8% Medium
- High
- High
- Medium
- Medium
- Medium
343K High
-0.6% Medium
-138.7B Medium