FX – MORNING UPDATE :
USDINR opened at 83.15 on Friday and the pair traded in the 82.92-83.18 range. Spot USDINR closed at 82.98, loss of 24 ps for USD as against prior close of 83.22. RBI sold USD to stem Rupee decline.
RBI reference rate was fixed at 83.16 on 08/09. Sep USD/INR closed at 83.07, loss of 17 ps for USD as compared to prior day’s close of 83.24. Sep Euro/INR closed at 89., GBP/INR at 103.65 and Yen/INR at 56.55. 1 year USDINR fwd premia was trading at around 1.70% p.a. FX reserves stood at USD 598 bn as on Sept 1 st.
|
PAIRS |
RBI REF RATE (08/09) |
|
USDINR |
83.16 |
|
EURINR |
89.15 |
|
GBPINR |
103.93 |
|
JPYINR |
56.50 |
In Sep, FPI’S have sold Rs 5460 Cr of Equities and bought Rs 473 Cr of debt . In 2022-23 fiscal year, FII’S have net sold Rs 27593 Cr of Equities and have net bought Rs 838 Cr of debt.
Benchmark Nifty climbed 93 points (0.47%) on Friday. US S&P climbed 6 points (0.14%) . Nikkei declined 1.21% and Hang Seng declined 1.34%.
Euro is now at 1.07, Pound at 1.2464, Yen at 147.81.
Commodities: Gold is now at USD 1942 and WT1Crude at USD 87/Brent at USD 90.45.
Interest rates: USD 10 Yr yield is at 4.26% and 3 m libor closed at 5.65%. Indian 10 yr benchmark yield closed at 7.19%.
Economic news: RBI sold USD to stem Rupee decline.
German economic research institute, DIW, is projecting a -0.4% dip in the nation’s economic output for the year. This downturn is primarily attributed to sluggish domestic consumption and a falter in export dynamics, exacerbated by a slowed Chinese economy.
Data highlights: – No major data release
Monday’s calendar : No major economic release.
|
USD/INR |
|
83.18 |
82.92 |
|
|
EUR/USD |
1.0700 |
1.0745 |
1.0694 |
|
|
GBP/USD |
1.2464 |
1.2515 |
1.2450 |
|
|
USD/JPY |
147.81 |
147.88 |
146.59 |
Daily Support/Resistance table
|
Currency Pairs |
Pivot |
R1 |
R2 |
R3 |
S1 |
S2 |
S3 |
|
EURO/USD |
1.0713 |
1.0732 |
1.0764 |
|
1.0681 |
1.0062 |
|
|
GBP/USD |
1.2476 |
1.2502 |
1.2541 |
|
1.2437 |
1.2411 |
|
|
USD/JPY |
147.42 |
148.26 |
148.71 |
|
146.96 |
146.13 |
|
|
USD/INR |
83.02 |
83.13 |
83.28 |
|
82.86 |
82.76 |
|
MAJOR SUPPORTS/RESISTANCES AND TREND TABLE
|
Currency Pair |
Supports |
Resistances |
Trend |
Remarks |
|
EURO/USD |
1.0635 |
1.0945/1.1065 |
DN |
UP>1.1070 |
|
GBP/USD |
1.2450/1.2350 |
1.28/1.30/1.3150 |
DN |
UP>1.2820 |
|
USD/JPY |
144.50/142 |
151 |
UP |
SIDE<143.90 |
|
USD/INR |
82.93/82.86/82.78 |
83.35/83.47/83.68 |
UP |
SIDE<82.78 |
|
USD/CHF |
0.87/0.8550 |
0.8820 |
DN |
SIDE>0.8820 |
Technicals: Spot closed above 50 and 200 day moving averages.20 day moving average is at 82.86. 50 day moving average is at 82.51.200 day moving average is at 82.31. Daily MACD is in buy zone. Important support is at 82.93/82.86/82.78 and important resistance is at 83.35. Spot closed below the average level of the day.
Intraday supports and resistances for Sep contract are:
PP: 83.08, S1:82.94, S2:82.81, R1:83.21, R2:83.35.
Hedging strategy: Hedging decisions be taken according to comfort and accounting rates.
However on directional basis, suggest the following:
USD exports be hedged at 83.30/83.50. Imports be hedged at 82.80 for 1 month.
CROSS CURRENCY TECHNICALS:
EURO/USD: The pair is below major moving averages. Major resistance is at 1.0945/1.1065/1.1140/1.1275.
GBP/USD: The pair is still above 200 day moving averages, but below 50 and 100 day averages. Daily MACD is in sell zone, implying important top at 1.3145 and weekly MACD is in sell zone, implying important top at 1.3145. Important support is at 1.2450/1.2350. Important resistance is at 1.2820/1.30/1.3145.
USD/YEN: The pair is above 50 and 200 day major averages. Daily MACD is in buy zone, implying important bottom at 137.35. Important resistance is at 151 and support is at 144/142.
Josephbrold
December 11, 2023[url=http://accutane.guru/]accutane online india[/url]
Josephbrold
December 29, 2023[url=http://robaxin.cyou/]generic for robaxin[/url]
Josephbrold
January 17, 2024[url=http://citalopram.cyou/]citalopram for ocd[/url]
semaglutide australia
February 5, 2024[url=https://semaglutidetabs.com/]semaglutide tab 7mg[/url]
semaglutide oral medication
February 22, 2024[url=https://ozempic.directory/]wegovy generic cost[/url]
azithromycin drug
March 10, 2024[url=https://ezithromycin.online/]order azithromycin 500mg online[/url]
azithromycin cream
March 27, 2024[url=https://azithromycinmds.online/]azithromycin generic price[/url]
synthroid 188 mcg
April 12, 2024[url=https://synthroidotp.online/]0.025 mg synthroid[/url]
prednisone generic
April 13, 2024[url=https://predniso.online/]prednisone 4[/url]
legitimate canadian online pharmacies
April 13, 2024[url=https://happyfamilymedicalstore.online/]best mail order pharmacy canada[/url]
prednisone deltasone
April 13, 2024[url=http://oprednisone.online/]cost of 2.5mg prednisone[/url]
zithromax 2 pills
April 13, 2024[url=https://oazithromycin.online/]zithromax over the counter uk[/url]
valtrex coupon canada
April 13, 2024[url=http://valtrexarb.online/]valtrex without a prescription[/url]
canada pharmacy 24h
April 13, 2024[url=https://happyfamilymedicalstore.online/]happy family drugstore[/url]
tadalafil generic price
April 14, 2024[url=https://tadalafilu.online/]best tadalafil tablet[/url]
lisinopril online purchase
April 14, 2024[url=https://olisinopril.com/]lisinopril 2016[/url]
tadalafil online pharmacy india
April 14, 2024[url=http://tadalafilu.online/]buy tadalafil 5 mg from india[/url]
generic synthroid without prescription
April 14, 2024[url=https://synthroidam.online/]synthroid discount[/url]
synthroid 150 pill
April 14, 2024[url=http://isynthroid.online/]buy synthyroid online[/url]
best canadian pharmacy
April 14, 2024[url=http://drugstorepp.online/]austria pharmacy online[/url]
buy metformin on line
April 15, 2024[url=http://ametformin.com/]metformin 584[/url]
mexican pharmacies online drugs
April 15, 2024[url=http://happyfamilymedicalstore.online/]happy family store pharmacy[/url]
azithromycin 500 tablet price
April 15, 2024[url=http://ezithromycin.online/]zithromax online no prescription[/url]
buy cheap lisinopril 40 mg
April 15, 2024[url=https://lisinoprilgp.com/]lisinopril 50 mg[/url]
where can i get valtrex over the counter
April 15, 2024[url=https://valtrexid.com/]how much is valtrex cost[/url]
reputable indian pharmacies
April 15, 2024[url=https://happyfamilystorerx.online/]online pharmacy in turkey[/url]
legit mexican pharmacy
April 16, 2024[url=http://happyfamilystorerx.online/]canadian pharmacy antibiotics[/url]
lisinopril 10 mg over the counter
April 16, 2024[url=http://lisinoprilos.online/]lisinopril[/url]
generic valtrex cost
April 16, 2024[url=https://valtrexmedication.online/]valtrex lowest price[/url]
can you buy zithromax online
April 17, 2024[url=http://ezithromycin.online/]where can i purchase azithromycin[/url]
1250 mg prednisone
April 17, 2024[url=https://prednisonecsr.com/]prednisone 1 mg coupon[/url]
where can i get valtrex over the counter
April 17, 2024[url=https://valtrexv.com/]valtrex otc[/url]
zithromax 250 mg price
April 17, 2024[url=http://azithromycinhq.com/]azithromycin 500 mg tablet buy online[/url]
synthroid canadian pharmacy
April 17, 2024[url=http://synthroidx.com/]synthroid 150 mcg price[/url]
canadian pharmacy coupon
April 17, 2024[url=https://happyfamilymedicalstore.online/]canadian pharmacy world coupon[/url]
azithromycin 500mg uk
April 18, 2024[url=https://azithromycinmds.online/]zithromax otc[/url]
pharmacy online uae
April 18, 2024[url=https://bestmedsx.com/]canada pharmacy online legit[/url]
tadalafil 20mg buy
April 18, 2024[url=http://bmtadalafil.online/]best tadalafil[/url]
prescription free canadian pharmacy
April 18, 2024[url=http://drugstorepp.online/]canada rx pharmacy[/url]
prednisone 7.5 mg daily
April 18, 2024[url=https://prednisonekx.online/]prednisone 10mg tablet price[/url]
top 10 pharmacy websites
April 19, 2024[url=http://bestmedsx.online/]offshore pharmacy no prescription[/url]
synthroid 25 mg cost
April 19, 2024[url=https://isynthroid.com/]cost of synthroid 150 mcg[/url]
valtrex 500mg price canada
April 19, 2024[url=http://valtrexmedication.com/]valtrex pharmacy[/url]
cheap synthroid online
April 19, 2024[url=http://synthroidx.com/]where can i buy synthroid[/url]
cost of synthroid brand name
April 19, 2024[url=http://asynthroid.com/]50 cg synthroid[/url]
valtrex rx
April 20, 2024[url=http://valtrexid.com/]valtrex[/url]
online tadalafil 20mg
April 20, 2024[url=https://tadalafilstd.com/]tadalafil tablets india online[/url]
prednisone over the counter
April 21, 2024[url=https://predniso.online/]prednisone 1 mg coupon[/url]
lisinopril 12.5 mg price
April 21, 2024[url=https://lisinoprildrl.online/]lisinopril 12.5 20 g[/url]
valtrex buy
April 22, 2024[url=https://valtrexmedication.online/]generic valtrex online without prescription[/url]
buy valtrex online uk
April 22, 2024[url=http://valtrexmedication.online/]valtrex for sale online[/url]
lisinopril 0.5 mg
April 22, 2024[url=http://olisinopril.com/]buy zestril 20 mg online[/url]
mexico pharmacy order online
April 22, 2024[url=http://drugstorepp.online/]express scripts com pharmacies[/url]
tadalafil in mexico
April 22, 2024[url=https://tadalafi.online/]canadian price for tadalafil[/url]
valtrex where to buy canada
April 23, 2024[url=http://valtrexmedication.online/]valtrex pill[/url]
azithromycin 200mg
April 23, 2024[url=https://azithromycinhq.com/]1g azithromycin for sale[/url]
tadalafil india 10 mg
April 23, 2024[url=http://bmtadalafil.online/]tadalafil 2.5 mg tablets india[/url]
lisinopril 4214
April 23, 2024[url=http://olisinopril.online/]lisinopril 5[/url]
canadian pharmacy
April 23, 2024[url=http://bestmedsx.online/]legit non prescription pharmacies[/url]
valtrex generic
April 23, 2024[url=http://valtrexv.com/]valtrex 1g best price[/url]
prednisone in mexico
April 24, 2024[url=https://predniso.online/]prednisone canadian[/url]
lisinopril 20 mg for sale
April 24, 2024[url=https://lisinoprilgp.com/]zestril 2.5 mg tablets[/url]
80 mg prednisone
April 24, 2024[url=http://prednisonexg.online/]prednisone 20mg tablets where to buy[/url]
best online pharmacy for viagra
April 24, 2024[url=https://pharmgf.online/]pharmacy delivery[/url]
cost of 10 mg tadalafil generic pills
April 24, 2024[url=https://tadalafi.online/]tadalafil online purchase[/url]
buy online pharmacy uk
April 25, 2024[url=https://happyfamilystorerx.online/]no prescription required pharmacy[/url]
synthroid 112 mcg coupon
April 25, 2024[url=http://isynthroid.com/]synthroid 200[/url]
valtrex prescription
April 25, 2024[url=http://valtrexmedication.online/]order valtrex canada[/url]
mexican pharmacy online
April 26, 2024[url=http://happyfamilymedicalstore.online/]rate canadian pharmacies[/url]
cost of prednisone 40 mg
April 26, 2024[url=http://bestprednisone.online/]prednisone 3 tablets daily[/url]
prednisone for sale no prescription
April 27, 2024[url=http://prednisonecsr.com/]prednisone canadian pharmacy[/url]
canadian pharmacy 24h com safe
April 27, 2024[url=http://happyfamilymedicalstore.online/]foreign pharmacy no prescription[/url]
synthroid tablets for sale
April 28, 2024[url=http://isynthroid.com/]synthroid 300 mcg tablets[/url]
buy tadalafil paypal
April 28, 2024[url=http://bmtadalafil.online/]tadalafil 10 mg tablet[/url]
buy synthroid online usa
April 28, 2024[url=https://asynthroid.com/]synthroid 0.088 mg tab[/url]
india pharmacy mail order
April 28, 2024[url=https://happyfamilystorerx.online/]foreign online pharmacy[/url]
tadalafil india online
April 28, 2024[url=https://bmtadalafil.online/]mexico rx tadalafil[/url]
azithromycin 900 mg
April 29, 2024[url=https://azithromycinmds.online/]azithromycin price australia[/url]
gold pharmacy online
April 29, 2024[url=http://pharmgf.online/]ez pharmacy[/url]
happy family pharmacy
April 29, 2024[url=https://happyfamilystorerx.online/]cheap canadian pharmacy[/url]
zestril price uk
April 30, 2024[url=https://lisinoprilos.online/]generic for zestril[/url]
valtrex 250 mg 500 mg
April 30, 2024[url=http://valtrexarb.online/]can i purchase valtrex over the counter[/url]
canada pharmacy online
April 30, 2024[url=http://happyfamilymedicalstore.online/]the canadian pharmacy[/url]
prednisone 5mg buy online
May 1, 2024[url=http://bestprednisone.online/]brand prednisone[/url]
lisinopril canada
May 1, 2024[url=http://lisinoprilos.online/]zestril 5mg[/url]
where can i buy generic valtrex
May 1, 2024[url=https://valtrexmedication.online/]valtrex gel[/url]
azithromycin 788
May 1, 2024[url=https://azithromycinmds.com/]azithromycin 250[/url]
online synthroid prescription
May 1, 2024[url=https://synthroidx.online/]synthroid no prescription pharmacy[/url]
buy valtrex online without prescription
May 2, 2024[url=http://valtrexmedication.online/]how do i get valtrex[/url]
best online pharmacy for viagra
May 2, 2024[url=https://happyfamilymedicalstore.online/]northern pharmacy canada[/url]