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Monday, June 27, 2016
Currency Daily Report
Wednesday, November 08, 2017
MARKET HIGHLIGHTS (% change) as on 7-Nov-17
INDICES LAST CHANGE WOW MOM
SENSEX 33370.76 -1.08 0.47 5.33
NIFTY 10350.15 -0.98 0.14 4.46
S&P 500 2590.64 -0.02 0.59 1.49
FTSE 100 7513.11 -0.65 0.3 0.07
CAC 40 5480.64 -0.49 -0.41 1.85
HANG SENG 13379.27 -0.67 #N/A 3.07
KOSPI 28994.34 1.37 2.58 #N/A
DJIA 2545.44 -0.16 0.86 #N/A
NYMEX CRUDE 23557.23 0.04 0.76 3.32
COMEX GOLD 57.2 -0.26 4.93 11.21
Source: Reuters
CURRENCY HIGHLIGHTS (% change) as on 7-Nov-17
CURRENCY LAST CHANGE WOW MOM
INR 65.05 -0.67 -0.31 0.14
DX 94.91 0.16 0.37 1.00
EURUSD 1.1585 -0.21 -0.55 -1.08
EURINR 75.5 0.64 0.07 -0.95
GBPUSD 1.3165 -0.04 -0.32 0.36
GBPINR 85.638 0.62 0.00 0.23
USDJPY 114 0.28 0.73 1.04
JPYINR 57.0464 -0.39 0.43 1.19
Source: Reuters
Technical outlook for 8-Nov-17
Currency Futures Trend S2 S1 R1 R2
USDINR Nov’17 (NSE) Sideways 64.90 65.05 65.35 65.50
EURINR Nov’17 (NSE) Sideways 75.15 75.30 75.60 75.75
GBPINR Nov’17 (NSE) Sideways 85.45 85.60 85.90 86.05
JPYINR Nov’17 (NSE) Up 56.85 57.00 57.30 57.45
GLOBAL UPDATES
Voter confidence in UK handling of Brexit ebbs away - ORB poll
German "wise men" sound alarm over "overheating" economy
China's Oct FX reserves rise slightly in ninth month of gains
Saudi mass arrests jolt markets, play to ire over corruption
Stung by criticism, ECB seeks to defuse conflict on bad loans
FUNDAMENTAL OUTLOOK
Indian rupee
USDINR spot weakened by 0.67 percent yesterday after Saudi
Arabia’s crown prince ousted officials during an anti-graft probe in
the world’s biggest crude exporter which infused caution in the
markets considering India’s huge imports from the country. Higher
inflation and possibility of government missing fiscal deficit target
due to the higher crude prices resulted in huge foreign outflows
which hurt the Indian Rupee. USDINR spot is expected to trade
sideways to negative tracking losses in the Asian market currencies
today.
Euro
EURINR spot is expected to fall today as German "wise men" sound
alarm over "overheating" economy which shall keep the currency
pressurized. The ongoing political tensions in Catalan and Germany
shall further put pressure on the shared currency. Germany's Greens
overtake liberals in poll as coalition talks continue while Ex-Catalan
leader Puigdemont freed with conditions in Belgium.
Sterling pound GBPINR spot is expected to trade sideways to negative as recent
gains in the currency may prompt the traders to book profits. Also,
traders may be awaiting signs of better relations in Brexit talks
before buying into the pound, with the markets still jittery thanks to
the uncertainty involved in the divorce process.
Monday, June 27, 2016
Currency Daily Report
Wednesday, November 08, 2017
Research Team
Heena Imtiaz Naik Research Associate (Currency) [email protected] (022) 3935 8104 Extn :6104
Kaynat Chainwala Research Analyst [email protected] (022) 3935 8136 Extn :6136
Prathamesh Mallya Chief Analyst (Non-Agro Commodities & Currency) [email protected] (022) 3935 8134 Extn :6134
Angel Broking Ltd.
Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000 Currency: INE231279838 / MCX Currency SEBI Regn No: INE261279838 / Member ID: 10500
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