FX – MORNING UPDATE :
USDINR opened at 83.23 on Friday and the pair traded in the 83.21-83.30 range. Spot USDINR closed at 83.28, gain of 5 ps for USD as against prior close of 83.23.
RBI reference rate was fixed at 83.25 on 13/10. Oct USD/INR closed at 83.31, gain of 2 ps for USD as compared to prior day’s close of 83.29. Oct Euro/INR closed at 87.74, GBP/INR at 101.50 and Yen/INR at 55.88. 1 year USDINR fwd premia was trading at around 1.72% p.a. FX reserves declined by USD 3 bn and stood at USD 584 bn as on Oct 6 th.
PAIRS |
RBI REF RATE (13/10) |
USDINR |
83.25 |
EURINR |
87.76 |
GBPINR |
101.52 |
JPYINR |
55.60 |
In Oct, FPI’S have sold Rs 6916 Cr of Equities and bought Rs 3146 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 declined 43 points (0.22%) on Friday. US S&P declined 21 points (0.50%) . Nikkei declined 0.61% and Hang Seng declined 2.73%.
Euro is now at 1.0510, Pound at 1.2144, Yen at 149.57.
Commodities: Gold is now at USD 1932 and WT1Crude at USD 87/Brent at USD 91.
Interest rates: USD 10 Yr yield is at 4.61% and 3 m libor closed at 5.65%. Indian 10 yr benchmark yield closed at 7.32%.
Economic news: Safe haven assets like Gold soared on Middle East tension. Oil climbed past USD 90. Equity markets steered clear of any big decline despite deep worries. Higher inflation is persistent and looks threatened again by Oil prices. Fed rate expectations and how long will higher rates be maintained seems to weigh down on Crosses and Equities. Though economic data is pivotal, it may be temporarily overshadowed by expansion of conflict in Middle East.
Fed officials have been increasingly vocal about the impact of soaring treasury yields, suggesting that their ascent could reduce the need for further monetary tightening.
Data highlights: – EU industrial production climbed 0.6% m/m.
Monday’s calendar : No major data release.
USD/INR |
|
83.30 |
83.22 |
|
EUR/USD |
1.0510 |
1.0558 |
1.0495 |
|
GBP/USD |
1.2144 |
1.2226 |
1.2122 |
|
USD/JPY |
149.57 |
149.83 |
149.45 |
Daily Support/Resistance table
Currency Pairs |
Pivot |
R1 |
R2 |
R3 |
S1 |
S2 |
S3 |
EURO/USD |
1.0521 |
1.0547 |
1.0584 |
|
1.0484 |
1.0458 |
|
GBP/USD |
1.2164 |
1.2206 |
1.2268 |
|
1.2102 |
1.2060 |
|
USD/JPY |
149.61 |
149.78 |
149.99 |
|
149.39 |
149.13 |
|
USD/INR |
83.26 |
83.31 |
83.34 |
|
83.22 |
83.18 |
|
MAJOR SUPPORTS/RESISTANCES AND TREND TABLE
Currency Pair |
Supports |
Resistances |
Trend |
Remarks |
EURO/USD |
1.0450/1.0250 |
1.0630/1.0740 |
DN |
SIDE>1.0740 |
GBP/USD |
1.2040/1.18 |
1.2330/1.2440/1.25 |
SIDE |
DN<1.2110 |
USD/JPY |
147.50/146.50 |
150 |
UP |
SIDE<146.50 |
USD/INR |
83.10/82.80 |
83.35/83.47 |
UP |
SIDE<82.78 |
USD/CHF |
0.9025/0.89 |
0.9250/0.9450 |
UP |
SIDE<0.89 |
Technicals: Spot closed above 50 and 200 day moving averages.20 day moving average is at 83.18. 50 day moving average is at 82.99.200 day moving average is at 82.43. Daily MACD is in sell zone. Important support is at 83.10/82.80 and important resistance is at 83.35. Spot closed above the average level of the day.
Intraday supports and resistances for Oct contract are:
PP: 83.30, S1:83.27, S2:83.23, R1:83.34, R2:83.37.
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 83.10 for 3 months.
CROSS CURRENCY TECHNICALS:
EURO/USD: The pair is below major moving averages. Major resistance is at 1.0740/1.0945. Next major support is at 1.0450/1.0250. Daily MACD is in buy zone, implying an important bottom at 1.0450. Weekly MACD is in sell zone, implying important top at 1.1275.
GBP/USD: The pair is below 50 and 200 day averages. Daily MACD is in buy zone, implying important bottom at 1.2035 and weekly MACD is in sell zone, implying important top at 1.3145. Important support is at 1.2035/1.18. Important resistance is at 1.2330/1.2440.
USD/YEN: The pair is above 50 and 200 day major averages. Daily MACD is in sell zone, implying important top at 150.20. Important resistance is at 150.20 and support is at 147.50/146.50.
JuliusBleam
November 20, 2023http://levitra.icu/# Levitra generic best price
TimothyMes
November 20, 2023generic ed drugs: erection pills online – the best ed pills
RichardCok
November 20, 2023Kamagra Oral Jelly [url=http://kamagra.team/#]Kamagra 100mg price[/url] Kamagra 100mg price
JuliusBleam
November 21, 2023http://tadalafil.trade/# where to buy tadalafil in usa
TimothyMes
November 21, 2023super kamagra: buy Kamagra – п»їkamagra
WilliamNip
November 21, 2023http://tadalafil.trade/# tadalafil without prescription
RichardCok
November 21, 2023cheap generic tadalafil [url=http://tadalafil.trade/#]tadalafil online australia[/url] tadalafil cheap
JosephTrile
November 21, 2023sildenafil 100mg tab: sildenafil otc nz – sildenafil price nz
JuliusBleam
November 22, 2023https://tadalafil.trade/# canadian pharmacy generic tadalafil
TimothyMes
November 22, 2023ed treatments: natural ed remedies – best ed treatment
RichardCok
November 22, 2023tadalafil in india online [url=http://tadalafil.trade/#]buy tadalafil in usa[/url] generic tadalafil in canada
JuliusBleam
November 22, 2023http://edpills.monster/# pills for erection
RichardCok
November 23, 2023generic sildenafil 20mg cost [url=https://sildenafil.win/#]sildenafil online usa[/url] buy sildenafil tablets online
TimothyMes
November 23, 2023Buy Vardenafil 20mg: Levitra 20 mg for sale – Levitra 10 mg buy online
WilliamNip
November 23, 2023https://kamagra.team/# Kamagra 100mg price
JosephTrile
November 23, 2023impotence pills: ed pills for sale – natural remedies for ed
Scottanelo
November 23, 2023buying doxycycline online in usa: Doxycycline 100mg buy online – buy cheap doxycycline uk
Charleskag
November 23, 2023lisinopril average cost [url=https://lisinopril.auction/#]lisinopril 120mg[/url] lisinopril metoprolol
Jamesnal
November 24, 2023http://doxycycline.forum/# doxyhexal
Scottanelo
November 24, 2023zithromax online usa no prescription: zithromax antibiotic – zithromax 500 mg lowest price online
Charleskag
November 24, 2023cipro [url=http://ciprofloxacin.men/#]buy ciprofloxacin over the counter[/url] buy ciprofloxacin
VernonBor
November 24, 2023amoxicillin 500mg prescription: amoxil for sale – generic amoxicillin over the counter
Jamesnal
November 24, 2023http://amoxicillin.best/# can i buy amoxicillin over the counter in australia
Scottanelo
November 24, 2023buy doxycycline from canada: doxycycline buy online – doxycycline price australia
Charleskag
November 25, 2023zithromax online [url=https://azithromycin.bar/#]zithromax antibiotic without prescription[/url] zithromax buy
Jamesnal
November 25, 2023http://ciprofloxacin.men/# ciprofloxacin order online
Scottanelo
November 25, 2023where can i buy doxycycline: Buy doxycycline hyclate – doxycycline 163
VernonBor
November 25, 2023buy zithromax 1000mg online: zithromax antibiotic without prescription – zithromax online paypal
Charleskag
November 26, 2023amoxicillin price without insurance [url=http://amoxicillin.best/#]purchase amoxicillin online[/url] amoxicillin online canada
Jamesnal
November 26, 2023https://amoxicillin.best/# amoxicillin 30 capsules price
Scottanelo
November 26, 2023ciprofloxacin over the counter: Ciprofloxacin online prescription – ciprofloxacin 500 mg tablet price
Jamesnal
November 26, 2023http://doxycycline.forum/# buy online doxycycline
Charleskag
November 26, 2023ciprofloxacin mail online [url=https://ciprofloxacin.men/#]buy generic ciprofloxacin[/url] buy ciprofloxacin
Scottanelo
November 26, 2023zithromax online pharmacy canada: zithromax antibiotic – generic zithromax 500mg
VernonBor
November 27, 2023buy doxycycline without prescription uk: Buy doxycycline hyclate – online doxycycline
Jamesnal
November 27, 2023http://amoxicillin.best/# buy amoxicillin online mexico
RobertGLUND
November 27, 2023reputable mexican pharmacies online: top mail order pharmacy from Mexico – mexican pharmaceuticals online
RichardIcold
November 27, 2023pharmacy website india: cheapest online pharmacy india – buy medicines online in india
Jamestek
November 27, 2023http://buydrugsonline.top/# canadian pharmaceutical ordering
RobertGLUND
November 28, 2023trusted online canadian pharmacy: Online pharmacy USA – my canadian pharmacy
DanielIdowl
November 28, 2023on line pharmacy with no perscriptions [url=http://ordermedicationonline.pro/#]cheap drugs online[/url] top rated online pharmacies
RichardIcold
November 28, 2023reputable online pharmacy: online meds – online pharmacy with no prescription
Jamestek
November 28, 2023https://buydrugsonline.top/# canadapharmacy com
RobertGLUND
November 28, 2023reputable mexican pharmacies online: mexican pharmacy online – mexican mail order pharmacies
RichardIcold
November 29, 2023reputable mexican pharmacies online: purple pharmacy mexico price list – purple pharmacy mexico price list
Michaelvam
November 29, 2023neurontin cap 300mg price: generic gabapentin – neurontin 800mg
Gaza and its Resistance to Israel’s Brutal Attacks
November 29, 2023Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated
MichaelTek
November 29, 2023https://gabapentin.life/# gabapentin
Michaelvam
November 30, 2023where buy cheap clomid without dr prescription: Buy Clomid Online Without Prescription – can i order cheap clomid without rx
MichaelTek
November 30, 2023http://claritin.icu/# ventolin sale uk
Michaelvam
November 30, 2023buy clomid without prescription: Buy Clomid Online – where buy generic clomid without a prescription
MathewDrypE
November 30, 2023paxlovid india http://paxlovid.club/# paxlovid generic
MichaelTek
December 1, 2023http://paxlovid.club/# Paxlovid over the counter
Michaelvam
December 1, 2023buy ventolin in mexico: Ventolin inhaler – ventolin order
MichaelTek
December 1, 2023https://claritin.icu/# ventolin drug
MichaelTek
December 2, 2023http://paxlovid.club/# paxlovid price
Michaelvam
December 2, 2023wellbutrin 100mg price: wellbutrin coupon canada – wellbutrin zyban
MichaelTek
December 2, 2023https://gabapentin.life/# buy gabapentin online
SidneyLib
December 3, 2023http://avanafilit.icu/# farmacia online
TracyHaf
December 3, 2023farmacia online: kamagra oral jelly – migliori farmacie online 2023
TracyHaf
December 3, 2023farmacie online autorizzate elenco: farmacia online miglior prezzo – farmaci senza ricetta elenco
Sonnyfab
December 3, 2023farmacia online: cialis generico – farmacia online
TerryLiemy
December 3, 2023comprare farmaci online all’estero [url=http://kamagrait.club/#]kamagra oral jelly[/url] п»їfarmacia online migliore
TracyHaf
December 3, 2023comprare farmaci online con ricetta: kamagra oral jelly consegna 24 ore – farmaci senza ricetta elenco
TracyHaf
December 4, 2023farmacia online migliore: kamagra – farmacia online miglior prezzo
SidneyLib
December 4, 2023https://sildenafilit.bid/# kamagra senza ricetta in farmacia
TracyHaf
December 4, 2023farmacie online autorizzate elenco: comprare avanafil senza ricetta – comprare farmaci online con ricetta
TracyHaf
December 4, 2023viagra generico recensioni: viagra online siti sicuri – viagra subito
TerryLiemy
December 4, 2023acquisto farmaci con ricetta [url=http://avanafilit.icu/#]avanafil generico[/url] farmacia online
TracyHaf
December 4, 2023viagra online in 2 giorni: siti sicuri per comprare viagra online – viagra online spedizione gratuita
Sonnyfab
December 4, 2023farmaci senza ricetta elenco: cialis generico consegna 48 ore – farmacia online
TracyHaf
December 4, 2023migliori farmacie online 2023: Tadalafil generico – farmacie online sicure
TracyHaf
December 4, 2023viagra consegna in 24 ore pagamento alla consegna: sildenafil 100mg prezzo – pillole per erezione immediata
SidneyLib
December 4, 2023http://sildenafilit.bid/# miglior sito per comprare viagra online
TracyHaf
December 4, 2023farmacie on line spedizione gratuita: kamagra – farmacia online senza ricetta
TracyHaf
December 5, 2023farmacie online sicure: kamagra oral jelly – comprare farmaci online con ricetta
TracyHaf
December 5, 2023farmacie online affidabili: acquistare farmaci senza ricetta – farmacia online senza ricetta
TracyHaf
December 5, 2023comprare farmaci online con ricetta: Farmacie a milano che vendono cialis senza ricetta – farmacia online miglior prezzo
Sonnyfab
December 5, 2023comprare farmaci online all’estero: kamagra oral jelly consegna 24 ore – comprare farmaci online all’estero
TracyHaf
December 5, 2023farmacie online sicure: dove acquistare cialis online sicuro – migliori farmacie online 2023
TracyHaf
December 5, 2023viagra subito: viagra senza ricetta – viagra generico prezzo più basso
SidneyLib
December 5, 2023https://kamagrait.club/# п»їfarmacia online migliore
TracyHaf
December 5, 2023farmacia online: avanafil spedra – farmacie on line spedizione gratuita
TracyHaf
December 5, 2023top farmacia online: comprare avanafil senza ricetta – farmacia online più conveniente
TerryLiemy
December 5, 2023viagra naturale [url=https://sildenafilit.bid/#]viagra online spedizione gratuita[/url] viagra pfizer 25mg prezzo
TracyHaf
December 5, 2023farmacie online autorizzate elenco: avanafil generico prezzo – farmacie online sicure
Sonnyfab
December 6, 2023comprare farmaci online con ricetta: farmacia online piu conveniente – farmacie on line spedizione gratuita
TracyHaf
December 6, 2023farmacia online più conveniente: kamagra gel prezzo – migliori farmacie online 2023
TracyHaf
December 6, 2023farmacia online migliore: cialis generico – farmacia online migliore
TracyHaf
December 6, 2023viagra cosa serve: viagra senza ricetta – viagra acquisto in contrassegno in italia
SidneyLib
December 6, 2023http://tadalafilit.store/# farmacie online autorizzate elenco
TracyHaf
December 6, 2023farmacie on line spedizione gratuita: farmacia online più conveniente – farmacia online migliore
TerryLiemy
December 6, 2023migliori farmacie online 2023 [url=http://kamagrait.club/#]kamagra oral jelly[/url] farmaci senza ricetta elenco
TracyHaf
December 6, 2023farmaci senza ricetta elenco: farmacia online spedizione gratuita – top farmacia online
TracyHaf
December 6, 2023farmacie online autorizzate elenco: dove acquistare cialis online sicuro – farmacia online
Sonnyfab
December 6, 2023farmaci senza ricetta elenco: Farmacie a milano che vendono cialis senza ricetta – migliori farmacie online 2023
TracyHaf
December 6, 2023alternativa al viagra senza ricetta in farmacia: viagra naturale – miglior sito dove acquistare viagra
TracyHaf
December 6, 2023farmacia online senza ricetta: kamagra oral jelly – farmacia online miglior prezzo
TerryLiemy
December 7, 2023comprare farmaci online con ricetta [url=http://tadalafilit.store/#]Tadalafil generico[/url] comprare farmaci online con ricetta
TracyHaf
December 7, 2023farmacie on line spedizione gratuita: kamagra gel prezzo – acquistare farmaci senza ricetta
SidneyLib
December 7, 2023https://tadalafilit.store/# farmacie online sicure
TracyHaf
December 7, 2023migliori farmacie online 2023: kamagra gold – migliori farmacie online 2023
TracyHaf
December 7, 2023pillole per erezione in farmacia senza ricetta: viagra online siti sicuri – viagra consegna in 24 ore pagamento alla consegna
RonnieRoaph
December 7, 2023http://vardenafilo.icu/# farmacias online seguras
Jasondaump
December 7, 2023http://vardenafilo.icu/# farmacias online baratas
RonnieRoaph
December 7, 2023https://vardenafilo.icu/# farmacias baratas online envÃo gratis
RonnieRoaph
December 7, 2023http://sildenafilo.store/# comprar viagra en españa
Eddieblula
December 7, 2023farmacia online envГo gratis [url=https://vardenafilo.icu/#]Comprar Levitra Sin Receta En Espana[/url] farmacia online barata
MarioTef
December 7, 2023farmacias online baratas: kamagra oral jelly – farmacia online barata
RonnieRoaph
December 7, 2023https://tadalafilo.pro/# farmacias online baratas
Jasondaump
December 8, 2023https://sildenafilo.store/# viagra online cerca de malaga
RonnieRoaph
December 8, 2023http://vardenafilo.icu/# farmacia online
RonnieRoaph
December 8, 2023http://kamagraes.site/# farmacia 24h
RonnieRoaph
December 8, 2023https://farmacia.best/# farmacia online
MarioTef
December 8, 2023farmacias online seguras en espaГ±a: Comprar Cialis sin receta – п»їfarmacia online
RonnieRoaph
December 8, 2023http://vardenafilo.icu/# farmacia envÃos internacionales
Eddieblula
December 8, 2023viagra para hombre precio farmacias [url=http://sildenafilo.store/#]viagra generico[/url] sildenafilo 100mg sin receta
RonnieRoaph
December 8, 2023https://vardenafilo.icu/# farmacias online baratas
Jasondaump
December 8, 2023https://kamagraes.site/# farmacia online madrid
RonnieRoaph
December 8, 2023http://tadalafilo.pro/# farmacia online envÃo gratis
MarioTef
December 9, 2023viagra para hombre venta libre: viagra online cerca de malaga – venta de viagra a domicilio