Currency Highlights USD/INR (Nse Aug) 64.01 63.9 0.11 0.17...
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Currency Highlights 30 th Aug’2017 HighLights: The dollar inched up on an index basis in Asia on Tuesday as North Korea fired a missile across Japanese territory, pung tension on the Korean peninsula front and center, though the inial rush to yen for safe-have demand backed off later in the day with a U.S. Security Council meeng scheduled for New York me. The euro rose above the $1.20 level on Tuesday for the first me since January 2015 and the dollar fell to four-month lows against the yen amid renewed geopolical tensions on the Korean peninsu- la. The Australian and New Zealand dollars moved lower against their U.S. counterpart on Tuesday, as market senment weakened fol- lowing a new missile test by North Korea although senment on the greenback also remained under pressure since the Jackson Hole summit. The dollar slumped to a more than sixteen-month low against a basket of major currencies on Monday as senment on the greenback remained negave, following a speech by Federal Reserve chair Janet Yellen on Friday while concerns over Tropical Storm Harvey’s economic implicaons added to downside momentum. North Korean leader Kim Jong Un threatened to fire missiles into the sea near the U.S. Pacific territory of Guam and U.S. President Donald Trump warned Pyongyang would face "fire and fury" if it threatened the United States. Russian oil companies will quickly find ways to work around ghter restricons imposed this month by the United States on the foreign finance they can use, mulple Russian oil industry sources told Reuters. Gold prices rallied to their highest level in almost ten months on Tuesday, as investors piled into safe-haven assets aſter North Korea fired a missile that passed over northern Japan. Geopolical risks can boost demand for safe-haven assets such as gold which is considered a good store of value during volality in other markets. The U.S., Japan and South Korea asked for a United Naons Security Council meeng to discuss the test, diplomats said. A meeng of the 15-member Security Council would be held later in the day, they said. Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternave asset and makes dollar-priced commodies cheaper for holders of other currencies. SEBI Cerfied – Research Analyst Equies I Commodies I Currencies I Mutual Fund s Close Prev Cls. Price Chg Price Chg % Doller Index 91.69 92.46 -0.77 -0.83 USD/INR (Spot) 63.98 63.86 0.12 0.19 USD/INR (Nse Aug) 64.01 63.9 0.11 0.17 EUR/INR (Spot) 77.10 76.22 0.88 1.15 EUR/INR (Nse Aug) 76.79 76.23 0.56 0.73 GBP/INR (Spot) 82.85 82.47 0.38 0.46 GBP/INR (Nse Aug) 82.87 82.53 0.34 0.41 JPY/INR (Nse Aug) 58.8 58.51 0.29 0.50 Market Highlights
Transcript of Currency Highlights USD/INR (Nse Aug) 64.01 63.9 0.11 0.17...
Currency Highlights
30th
Aug’2017
HighLights:
The dollar inched up on an index basis in Asia on Tuesday as North
Korea fired a missile across Japanese territory, putting tension on
the Korean peninsula front and center, though the initial rush to
yen for safe-have demand backed off later in the day with a U.S.
Security Council meeting scheduled for New York time.
The euro rose above the $1.20 level on Tuesday for the first time
since January 2015 and the dollar fell to four-month lows against
the yen amid renewed geopolitical tensions on the Korean peninsu-
la.
The Australian and New Zealand dollars moved lower against their
U.S. counterpart on Tuesday, as market sentiment weakened fol-
lowing a new missile test by North Korea although sentiment on
the greenback also remained under pressure since the Jackson
Hole summit.
The dollar slumped to a more than sixteen-month low against a basket of major currencies on Monday as sentiment on
the greenback remained negative, following a speech by Federal Reserve chair Janet Yellen on Friday while concerns over
Tropical Storm Harvey’s economic implications added to downside momentum.
North Korean leader Kim Jong Un threatened to fire missiles into the sea near the U.S. Pacific territory of Guam and U.S.
President Donald Trump warned Pyongyang would face "fire and fury" if it threatened the United States.
Russian oil companies will quickly find ways to work around tighter restrictions imposed this month by the United States
on the foreign finance they can use, multiple Russian oil industry sources told Reuters.
Gold prices rallied to their highest level in almost ten months on Tuesday, as investors piled into safe-haven assets
after North Korea fired a missile that passed over northern Japan.
Geopolitical risks can boost demand for safe-haven assets such as gold which is considered a good store of value during
volatility in other markets.
The U.S., Japan and South Korea asked for a United Nations Security Council meeting to discuss the test, diplomats said.
A meeting of the 15-member Security Council would be held later in the day, they said.
Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced
commodities cheaper for holders of other currencies.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Close Prev Cls. Price Chg Price Chg %
Doller Index 91.69 92.46 -0.77 -0.83
USD/INR (Spot) 63.98 63.86 0.12 0.19
USD/INR (Nse Aug) 64.01 63.9 0.11 0.17
EUR/INR (Spot) 77.10 76.22 0.88 1.15
EUR/INR (Nse Aug) 76.79 76.23 0.56 0.73
GBP/INR (Spot) 82.85 82.47 0.38 0.46
GBP/INR (Nse Aug) 82.87 82.53 0.34 0.41
JPY/INR (Nse Aug) 58.8 58.51 0.29 0.50
Market Highlights
Technical View:
On a daily chart, the prices is sustaining above the trend line and showing good upward strength in the charts.
Moreover, prices have moved above its 21 EMA which is a bullish momentum in the prices.
In addition, momentum indicator MACD has shown positive crossover which suggests further upside momentum in the price.
On a daily chart, volume is rising continuously, which in-dicate further support to the prices to move in up side. For now, we expect prices should move higher towards 59.30 levels in the coming trading sessions
Pivot levels for the Day
Technical View:
On a daily chart, USDINR has formed channel and trad-ing below the trend line.
Moreover, prices have been trading below its 21 EMA which indicates bearish movement in the price.
In addition, momentum indicator MACD has shown negative biasness in the charts and it has traded below the zero line which suggests further downside momen-tum in the prices on a daily chart.
On a daily chart, volume is in under pressure and traded below its 20 days SMA.
For now, we expect prices should move lower to-wards 63.50 levels in the coming trading sessions.
Currency Highlights
30th
Aug’2017
USDINR JPYINR
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
USDINR 63.47 63.74 63.88 64.01 64.15 64.28 64.55
JPYINR 58.39 58.58 58.69 58.77 58.88 58.96 59.15
Pivot levels for the Day
Currency Highlights
30th
Aug’2017
GBPINR EURINR
Technical View:
On a daily chart, the price has found support of its ris-ing channel pattern.
Moreover, bullish crossover in 21 EMA and 100 DMA has added to positive trend in the price.
A momentum indicator, MACD has shown positive crossover on the daily chart.
For now, we can expect prices should move higher towards the 77.20 levels in the coming trading session.
Technical View:
On a daily chart, the price is trading below the channel pattern. The pattern suggests, continuation of its down-wards movement in the days to come.
In addition, it has formed rounding top pattern, which suggest negative trend can continue in the prices.
price has remained below its 21 EMA and 50 days SMA, which suggest price can move further down.
Moreover, momentum indicator MACD has given negative crossover on a daily chart, which gives the sign of bearishness in the prices.
For now, we expect prices should move lower towards 81.60 levels in the coming trading sessions.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
EURINR 76.05 76.37 76.57 76.69 76.89 77.01 77.33
GBPINR 82.24 82.53 82.70 82.82 82.99 83.11 83.40
Currency Highlights
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
30th
Aug’2017
Economic Indicators
Date Time Data Prior Expected Impact
30.08.17 12:30PM Spanish Flash CPI y/y 1.5% 1.7% 'Actual' greater than 'Forecast' is
good for currency; EURINR
30.08.17 02:00PM Net Lending to Individuals m/m 5.6B 5.3B 'Actual' greater than 'Forecast' is
good for currency; GBPINR
30.08.17 05:45PM ADP Non-Farm Employment Change 178K 186K 'Actual' greater than 'Forecast' is
good for currency; USDINR
30.08.17 06:00PM Prelim GDP q/q 2.6% 2.7% 'Actual' greater than 'Forecast' is
good for currency; USDINR
30.08.17 08:00PM Crude Oil Inventories -3.3M
Currency Highlights 30
th Aug’2017
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Kkunal Parar
Sr. Research Associate
Vikas Chaudhri
Research Associate
Rupak De
Research Associate
Sachin Gupta
Research Associate
