SYSTEMATIX SHARES & STOCKS (I) LTD Wealth...

Close % Chg.

33820 -0.07

10383 -0.14

58487 1.44

21814 0.36

31271 0.98

3392 0.52

24962 0.66

7210 -0.11

2701 -0.55

5290 0.64

12462 -0.07

7252 -0.4

22/02/2018 Buy Value Sell Value Net Value

FII's 7,595.33 9,930.67 -2,335.34

DII's 6,510.35 5,450.93 1,059.42

Source - NSE

Euro zone finance ministers are likely to agree on Monday to back Spanish Economy

Minister Luis de Guindos to succeed European Central Bank Vice President Vitor

Constancio in May, a move likely to boost the chances of a German becoming the

head of the ECB next year. The discussion among the finance ministers of the 19

euro zone countries is informal, with a vote scheduled when they will have to decide

between the Spaniard and Ireland’s central bank governor Philip Lane. A senior euro

zone official involved in the preparation of the meeting has said the preferred

scenario was that there would be no vote but one person would be chosen by

consensus. If there were to be a vote, the successful candidate would have to get 14

out of the 19 votes and these would have to represent 65 percent of the euro zone

population. The European Parliament’s economic committee, which has only a

consultative role, said after an informal hearing of both candidates last week that

Lane was a better choice, but euro zone officials said de Guindos was the favorite.

Lane was more likely to get the job of ECB chief economist after Peter Praet when

the post becomes vacant next year, they said. The choice of a southerner like de

Guindos for vice president increases the chances that a northerner like German

central bank governor Jens Weidmann could be elected to replace Mario Draghi as

the ECB head in 2019.

BSE SENSEX

S&P CNX Nifty

Bovespa (Brazil)

British households’ gloom about their finances deepened this month, and most

now expect borrowing costs to rise again within six months after the Bank of

England raised interest rates in November, a survey showed. Data company

IHS Markit said its Household Finance Index, a monthly gauge of financial well-

being, fell to a seven-month low of 42.2 from 42.9 in January. Conducted over

six days starting on Feb. 8, the day the BoE said it was likely to raise rates

sooner and by more than it previously thought, the survey showed 60 percent

of households expected a hike within six months, up from 45 percent in

January. Britain’s economy slowed in 2017 as higher inflation - fueled by the

post-Brexit referendum fall in the pound - hurt the spending power of

consumers. The BoE has said it expects the squeeze will ease in 2018 as

inflation cools and weak wage growth ticks higher. But report showed

households are not feeling optimistic. “The latest survey adds to evidence that

UK households have seen an erosion of their financial wellbeing so far this year,

with stubbornly high inflation the main factor placing pressure on consumer

budgets,” Tim Moore, associate director at IHS Markit, said. Households

reported only a weak rise in income from employment in January, a possible

concern for the BoE which predicts an acceleration of wage growth in 2018.

Strait Times

US Markets

Dow Jones

Nasdaq

SYSTEMATIX SHARES & STOCKS (I) LTD

Wealth Management

Daily Forex Report as on Friday, February 23, 2018

Emerging Markets

Indices

European Markets

CAC 40

DAX

Asian Markets

Nikkei 225

Hang Seng

S&P 500

FTSE

Systematix Shares & Stocks (I) Ltd.

The Capital, A-wing, No. 603 – 606, 6th Floor, Plot No. C-70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051.

Japan’s top government spokesman warned that stable currency market moves

were “extremely important”, signaling concern over recent yen gains that could

cool a strengthening economic recovery. Chief Cabinet Secretary Yoshihide

Suga said G7 and G20 major economies have agreed that excess volatility and

disorderly currency moves could hurt economies. “There’s no change to our

view the global economy is growing steadily,” Suga told a news conference.

“Currency market stability is extremely important. The government will closely

watch currency market moves with a sense of urgency,” he said. A strong yen

erodes profits at Japanese manufacturers and could hurt an otherwise buoyant

economy, which produced an eight straight quarter of growth in October-

December.

Trading activity on NSE and BSE in Capital Market

Segment(In Rs. Crores)

Product Exp. Date Open High Low Close%

ChangeO.Int % Cng OI Volume ATP

USD-INR Feb 2018 65.0325 65.1375 64.9800 65.0575 0.36 1625387 -4.44 1559799 65.05

EUR-INR Feb 2018 79.7575 79.9975 79.7575 79.9525 0.07 83560 -14.18 78116 79.88

GBP-INR Feb 2018 90.2475 90.5575 90.2200 90.3200 0.04 36935 -5.98 67679 90.39

JPY-INR Feb 2018 60.5600 60.6725 60.4700 60.6100 0.43 24633 -16.60 40324 60.58

Last Trade INR U.S. $ Euro € U.K. £ ¥en

1 INR = - 0.0154 0.0125 0.0110 1.6426 Date Last Previous

1 U.S. $ = 64.963 - 0.8124 0.7169 106.869 USD 65.046 65.046

1 Euro € = 79.935 1.2305 - 0.8822 131.51 EURO 79.831 79.831

1 U.K. £ = 90.556 1.3949 1.1335 - 149.07 YEN 60.550 60.550

1 ¥en = 0.6076 0.0094 0.7604 0.0067 - GBP 90.414 90.414

Name Rate % Change Name Rate % Change

EURUSD 1.2305 -0.19 GOLD 30573 0.32

GBPUSD 1.3949 -0.05 SILVER 38695 0.14

USDJPY 106.87 0.10 CRUDE 4086 2.18

EURGBP 0.8822 -0.13 NAT.GAS 171.8 -0.46

EURJPY 0.00 0.00 COPPER 464.7 0.91

GBPJPY 149.07 0.06 ZINC 231.5 0.35

AUDINR 50.86 -0.23 NICKEL 895.4 0.18

USDMYR 3.9030 -0.31 ALUMINIUM 142.2 -0.42

MONTH RATE FEB MAR APR MONTH RATE FEB MAR APR

FEB 65.06 0.212 0.445 FEB 79.95 0.353 0.787

MAR 65.27 0.233 MAR 80.31 -3.00 0.435

APR 65.50 APR 80.74 -5.00

MONTH RATE FEB MAR APR MONTH RATE FEB MAR APR

FEB 90.32 0.373 0.810 FEB 60.61 0.240 0.535

MAR 90.69 -3.00 0.438 MAR 60.85 -3.00 0.295

APR 91.13 -5.00 APR 61.15 -5.00

Final Core CPI y/y

SYSTEMATIX SHARES Wealth Management Group Daily Market Outlook

Currency Table

MAJOR CURRENCY CROSS RATESRBI Reference Rate

Market Update ECONOMICAL DATA Market Update

German Final GDP q/q

Final CPI y/y


Fed Monetary Policy Report

FOMC Member Dudley Speaks

0

0

0

0

SPREAD MATRIX FOR USDINR SPREAD MATRIX FOR EURINR

SPREAD MATRIX FOR GBPINR SPREAD MATRIX FOR JPYINR


OPEN 65.03

HIGH 65.14

LOW 64.98

CLOSE 65.06

% CNG 0.36

RS. CNG 0.24

VOLUME 1559799

OPEN INT 1625387

SUP RES

64.98 65.14

64.90 65.22

64.82 65.29

PIVOT POINT 65.06


USD - INR

USD - INRTE

CH

NIC

AL

OU

TLO

OK

Rupee weakened after minutes of the central bank’s February monetary policy meetings showed increased

concern among members on the accelerating inflation. The MPC members expressed concern about

continued inflationary risks, citing factors including high food and global crude prices and the government’s

decision to increase spending for the year starting in April to support a struggling agricultural sector.

Members of the Reserve Bank of India led Monetary Policy Committee hiked their caution on upside risks to

inflation with the persistently dovish, Ravindra Dholakia sounding worried over rising oil prices, minutes of

the central bank's February meeting showed. RBI-MPC members had voted to keep the repo rate and

monetary policy stance unchanged at the meeting on February 6 and 7. The central bank Governor, Urjit

Patel highlighted various upside risks to inflation in India. Patel also flagged risks that could induce volatility

in the domestic financial markets. Fed's January meeting minutes showed that the US central bank still

expects to hike rates three times this year starting in March. The Fed raised its inflation projections as it

expects the core personal consumption expenditure index to "rise notably faster this year" from its 1.5%

rate projection in December. “A majority of participants noted that a stronger outlook for economic growth

raised the likelihood that further gradual policy firming policy would be appropriate,” the minutes said.

Technically now USDINR is getting support at 65.0625 and below same could see a test of 64.9425 level,

And resistance is now likely to be seen at 65.22, a move above could see prices testing 65.2575.

ACTION BUY USDINR FEB 2018 @ 64.90 SL 64.78 TGT 65.05-65.18. NSE

CHART FOR THE DAY



OPEN 79.76

HIGH 80.00

LOW 79.76

CLOSE 79.95

% CNG 0.07

RS. CNG 0.05

VOLUME 78116

OPEN INT 83560

SUP RES

79.81 80.05

79.66 80.14

79.57 80.29

PIVOT POINT 79.90


EURO - INR

EURO - INRO

UTL

OO

KEuro traded in range as the dollar extended its recovery as the minutes of the Federal Reserve's latest

meeting sent the dollar to a bullish trend in general backed by a positive outlook of the U.S. economy and

a faster pace for interest rate hikes in March. “A majority of participants noted that a stronger outlook for

economic growth raised the likelihood that further gradual policy firming policy would be appropriate,” the

minutes said. This year will also likely meet the 2 percent inflation target, Fed officials noted. Eurozone

private sector growth continued to be strong in February, albeit with the rate of expansion cooling from the

near 12-year high seen in January, flash data from IHS Markit showed. The composite output index

dropped more-than-expected to 57.5 from 58.8 in the previous month. The score was forecast to fall to

58.4. The goods-producing sector continued to record a faster pace of expansion than the service sector in

February. The services Purchasing Managers' Index eased to 56.7 from 58.0 in January and also below the

forecast of 57.6. Germany's private sector expanded strongly in February but the pace of growth slowed

from a near seven-year high seen in January, flash data from IHS Markit showed. The composite output

index dropped unexpectedly to a 3-month low of 57.4 from 59.0 in January. Technically now EURINR is

getting support at 79.8025 and below same could see a test of 79.66 level, And resistance is now likely to

be seen at 80.0425, a move above could see prices testing 80.14.

ACTION BUY EURINR FEB 2018 @ 80.00 SL 79.75 TGT 80.36-80.65. NSE

CHART FOR THE DAY



OPEN 90.25

HIGH 90.56

LOW 90.22

CLOSE 90.32

% CNG 0.04

RS. CNG 0.04

VOLUME 67679

OPEN INT 36935

SUP RES

90.17 90.51

90.03 90.70

89.84 90.85

PIVOT POINT 90.37

GBP - INR




GBP - INRO

UTL

OO

KGBP gains after Bank of England policymakers struck a hawkish tone on inflation and interest rates in

testimony to parliament. Data showed an unexpected tick-up in the jobless rate, and by news that more

than 60 Conservative lawmakers had written to the prime minister demanding a quick, clean break from

the European Union. BoE policymaker Andy Haldane said there was a chance rates would need to rise

faster than the central bank’s central view, and Governor Mark Carney said wage pressures were firming.

In an annual report to parliament, Andy Haldane said the risks to the BoE’s latest projections, for both UK

demand and inflation, were to the upside, and that both the global economy and Britain could well do

better than the BoE’s most recent forecasts. Meanwhile, BoE Governor Mark Carney, appearing alongside

Haldane and Deputy Governor Ben Broadbent, said there was no need to give a direct commitment on

rates because markets, which have largely priced in an interest rate hike in May, had broadly understood

the BoE’s message. Average earnings growth - a key metric in the BoE’s deliberations over when and how

quickly to raise interest rates - was unchanged over the whole period but jumped in December, the Office

for National Statistics said. The group of eurosceptic parliamentarians within May’s own party demanded a

tougher approach in a number of areas, including Britain’s right to move away from EU rules after leaving

and the terms of any transition period, raising pressure on the prime minister to take a “hard Brexit”

stance. Technically now GBPINR is getting support at 90.2425 and below same could see a test of 90.0625

level, And resistance is now likely to be seen at 90.58, a move above could see prices testing 90.7375.

ACTION BUY GBPINR FEB 2018 @ 90.65 SL 90.30 TGT 90.98-91.28. NSE

CHART FOR THE DAY

OPEN 60.56

HIGH 60.67

LOW 60.47

CLOSE 60.61

% CNG 0.43

RS. CNG 0.26

VOLUME 40324

OPEN INT 24633

SUP RES

60.50 60.70

60.38 60.79

60.29 60.90

PIVOT POINT 60.58BUY JPYINR FEB 2018 @ 60.80 SL 60.50 TGT 61.10-61.35. NSE


JPY - INR

CHART FOR THE DAY



JPY - INRO

UTL

OO

KJPYINR settled up 0.48% at 60.64 as speculation of a faster pace of U.S. rate hikes soured investors’ risk

appetites and dented equities. A more upbeat take on inflation in the minutes of the Fed’s Jan. 30-31

policy meeting bolstered expectations for rate hikes. The Bank of Japan should consider buying foreign

bonds as part of efforts to reflate the economy during Governor Haruhiko Kuroda’s second term at the

central bank helm, an economic adviser to Prime Minister Shinzo Abe said. The BOJ is prohibited by law

from buying foreign bonds for the explicit purpose of influencing currency rates, as exchange rate policy

falls under the jurisdiction of the finance ministry. But some academics have proposed that the BOJ could

buy them if doing so was aimed at pump-priming the economy, an idea the central bank has dismissed so

far because it would be hard to convince Tokyo’s G20 counterparts that Japan wasn’t trying to affect the

yen’s value. “Under the BOJ law, the finance ministry holds jurisdiction over currency policy. But I hope

Kuroda would consider having the BOJ buy foreign bonds,” Koichi Hamada, an emeritus professor of

economics at Yale University, told in an interview. Hamada said while the central bank cannot buy bonds

for the sake of affecting exchange rates, it could do so “as a means for delivering proper monetary policy

for Japan.” Technically now JPYINR is getting support at 60.5275 and below same could see a test of

60.3975 level, And resistance is now likely to be seen at 60.73, a move above could see prices testing

60.8025.

ACTION

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