FX – MORNING UPDATE :
USDINR opened at 83.36 y’day and the pair traded in the 83.35-83.40 range. Spot USDINR closed at 83.37, gain of 1 ps for USD as against prior close of 83.36.
RBI reference rate was fixed at 83.38 on 12/12. Dec USD/INR closed at 83.40 y’day, loss of 1 ps for USD as compared to prior day’s close of 83.41. Dec Euro/INR closed at 90.13, GBP/INR at 104.85 and Yen/INR at 57.60. 1 year USDINR fwd premia was trading at around 1.62% p.a. FX reserves stood at USD 604 bn as on Dec 1 st. FX reserves climbed USD 6 bn.
|
PAIRS |
RBI REF RATE (12/12) |
|
USDINR |
83.38 |
|
EURINR |
89.80 |
|
GBPINR |
104.86 |
|
JPYINR |
57.34 |
In Dec, FPI’S have bought Rs 16761 Cr of Equities and bought Rs 5596 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 90 points (0.43%) y’day. US S&P climbed 21 points (0.46%) y’day. Nikkei climbed 0.10% and Hang Seng climbed 1.33% y’day.
Euro is now at 1.0787, Pound at 1.2553, Yen at 145.61.
Commodities: Gold is now at USD 1979 and WT1Crude at USD 68/Brent at USD 73.
Interest rates: USD 10 Yr yield is at 4.19% and 3 m libor closed at 5.64%. Indian 10 yr benchmark yield closed at 7.28%.
Economic news: Indian CPI climbed 5.55% in Nov as against 4.87% in Oct. Food inflation rose to 8.7%. Headline inflation is within RBI band of 2 to 6%., IIP climbed 11.7%. Mfrg grew by 10.4%. Mining grew by 13.1% and power output rose 20.4%.
RBI has projected FY 24 inflation to average 5.4%.
US CPI rose 0.1% mom while CPI core ex food and energy) rose 0.3% mom. Energy index down -2.3% mom, food index rose 0.2% mom. For the 12 months period, CPI slowed from 3.2% yoy to 3.1% yoy. Core CPI was unchanged at 4.0% yoy.
US Fed meeting, ECB and BOE meetings will dominate Global market developments.
Data highlights: – US CPI climbed 0.1% m/m and Core CPI climbed 0.3% m/m.
-EU and German Zew survey climbed to 23 and 12.8 respectively.
-UK claimant count change declined to 16k and unemployment rate was reported at 4.2%.
Wednesday’s calendar : – US PPI
-EU Industrial production
-UK industrial and manufacturing production.
|
USD/INR |
|
83.40 |
83.35 |
|
|
EUR/USD |
1.0787 |
1.0829 |
1.0759 |
|
|
GBP/USD |
1.2553 |
1.2616 |
1.2513 |
|
|
USD/JPY |
145.61 |
146.59 |
144.88 |
Daily Support/Resistance table
|
Currency Pairs |
Pivot |
R1 |
R2 |
R3 |
S1 |
S2 |
S3 |
|
EURO/USD |
1.0793 |
1.0827 |
1.0864 |
1.0898 |
1.0757 |
1.0722 |
1.0686 |
|
GBP/USD |
1.2563 |
1.2613 |
1.2666 |
1.2716 |
1.2510 |
1.2460 |
1.2407 |
|
USD/JPY |
145.45 |
146.16 |
146.91 |
147.63 |
144.70 |
143.99 |
143.24 |
|
USD/INR |
83.37 |
83.40 |
83.43 |
|
83.34 |
83.31 |
|
MAJOR SUPPORTS/RESISTANCES AND TREND TABLE
|
Currency Pair |
Supports |
Resistances |
Trend |
Remarks |
|
EURO/USD |
1.0735/1.0665 |
1.0860/1.0960/1.1018 |
SIDE |
UP>1.0860 |
|
GBP/USD |
1.2450/1.2325 |
1.2745 |
SIDE |
DN<1.2325 |
|
USD/JPY |
141.50 |
147.15/149.70 |
DN |
UP>149.70 |
|
USD/INR |
83.03/82.80 |
83.47 |
UP |
SIDE<83.02 |
|
USD/CHF |
0.8650 |
0.8950 |
DN |
UP>0.8950 |
Technicals: Spot closed above 50 day average and 200 day moving averages.20 day moving average is at 83.32. 50 day moving average is at 83.27.200 day moving average is at 82.62. Daily MACD is in buy zone. Important support is at 83.03/82.80 and important resistance is at 83.48. Spot closed at the average level of the day.
Intraday supports and resistances for Dec contract are:
PP: 83.40, S1:83.37, S2:83.35, R1:83.43, R2:83.45.
Hedging strategy: Hedging decisions be taken according to comfort and accounting rates.
However on directional basis, suggest the following:
USD exports be hedged at 83.45/83.50. Imports be hedged at 83.05 for 3 months.
CROSS CURRENCY TECHNICALS:
EURO/USD: The pair is above 50, but below 100 and 200 day major moving averages. Major resistance is at 1.0860/1.0960/1.1018. Next major support is at 1.0735/1.0665. Daily MACD is in sell zone, implying an important top at 1.1018. Weekly MACD is in buy zone, implying important bottom at 1.0450.
GBP/USD: The pair is above all major moving averages. Daily MACD is in sell zone, implying important top at 1.2735 and weekly MACD is in buy zone, implying important bottom at 1.2035. Important support is at 1.2440/1.2325. Important resistance is at 1.2745.
USD/YEN: The pair is below 50,100 day major averages, but above 200 day average. Daily MACD is in sell zone, implying important top at 151.75. Important resistance is at 147.15/149.70 and support is at 141.50.
Edbkst
January 1, 2024is claritin stronger than benadryl prescription allergy medicine list alternatives to allergy pills
Evdbbc
January 4, 2024online doctors that prescribe ambien phenergan over the counter
Voigreeni
January 4, 2024https://j.royalredfish.com/videos/jupe – Jupe
Fhjxga
January 7, 2024prednisone 10mg tablet prednisone 10mg us
Ywbegh
January 9, 2024best prescription drug for nausea allopurinol 100mg uk
Iornrh
January 11, 2024best pills to treat acne permethrin brand acne ointment by prescription only
Jvihet
January 13, 2024allergy medication without side effects albuterol 2mg pill prescription medication for severe allergies
Usroos
January 14, 2024best otc heartburn med oral retrovir 300mg
Zvlygh
January 15, 2024accutane 40mg pill order accutane 40mg online cheap accutane us
Rwaupf
January 17, 2024sleeping pills for sale uk modafinil drug
Nukiiv
January 17, 2024buy amoxicillin 250mg online cheap order amoxil 250mg online purchase amoxil sale
Ltjlim
January 19, 2024zithromax 500mg oral buy zithromax 500mg pill order azithromycin sale
Nygzkm
January 19, 2024gabapentin 100mg tablet order gabapentin 800mg online
Qkpara
January 21, 2024order azithromycin 250mg generic azipro 500mg azipro price
Wlducg
January 21, 2024furosemide 40mg ca order furosemide for sale
Gzcmav
January 22, 2024omnacortil 40mg tablet omnacortil 5mg sale omnacortil 10mg cost
Oxvytm
January 24, 2024prednisone 10mg brand prednisone 40mg cost
Pqplmq
January 24, 2024buy amoxicillin without prescription amoxil order brand amoxicillin
Qnkaqp
January 24, 2024buy doxycycline generic doxycycline pill
Kdpaqr
January 26, 2024albuterol drug strongest over the counter allergy albuterol inhalator cheap
Qaefyj
January 27, 2024augmentin 1000mg without prescription buy augmentin 625mg online
Joypzl
January 28, 2024buy synthroid 150mcg levoxyl online order buy synthroid 100mcg generic
Hldnql
January 29, 2024purchase vardenafil without prescription order vardenafil 20mg for sale
Qadgsk
January 29, 2024clomid 100mg us order clomiphene sale clomiphene 50mg sale
Iwpazq
January 30, 2024zanaflex sale tizanidine price order tizanidine for sale
Iaxqlo
January 31, 2024order rybelsus 14mg without prescription rybelsus sale rybelsus order
Qvahmm
February 1, 2024order prednisone 40mg online cheap buy prednisone 5mg sale order generic deltasone 40mg
Syoekm
February 2, 2024order rybelsus 14 mg pill order semaglutide 14 mg for sale rybelsus 14mg tablet
Dpnjrq
February 3, 2024purchase isotretinoin online buy accutane 40mg sale cheap isotretinoin 10mg
Lvmfzj
February 4, 2024oral amoxil amoxil drug buy amoxil online cheap
Jjfpmy
February 4, 2024brand albuterol 4mg albuterol inhalator uk purchase albuterol inhalator sale
Uetyqh
February 6, 2024buy azithromycin 500mg generic zithromax medication order azithromycin generic
Rvwrdd
February 6, 2024amoxiclav cheap amoxiclav drug buy augmentin 625mg
Moshgn
February 7, 2024buy omnacortil generic prednisolone 10mg pill purchase prednisolone pills
Sjsfbo
February 8, 2024buy levothroid pills levothroid price levothroid over the counter
Hidnco
February 9, 2024buy neurontin for sale neurontin over the counter cheap neurontin generic
Cikzuj
February 9, 2024clomid 100mg pills purchase clomid for sale generic serophene
Xbmnhx
February 11, 2024order furosemide order furosemide sale purchase lasix online
Qmzyqx
February 12, 2024viagra next day cheap viagra 100mg viagra sildenafil 100mg
Jrjjil
February 12, 2024doxycycline tablet buy acticlate without prescription doxycycline 100mg generic
Okvgel
February 13, 2024buy rybelsus 14mg online generic rybelsus order semaglutide 14mg online
Yapene
February 14, 2024burton brunette online casino usa online blackjack best
Jmfwgl
February 15, 2024buy vardenafil 10mg sale levitra 10mg brand generic levitra 10mg
Easnun
February 15, 2024buy lyrica 75mg sale pregabalin 150mg pills order lyrica 150mg generic
Bzjudz
February 16, 2024hydroxychloroquine 400mg for sale order hydroxychloroquine for sale buy plaquenil 400mg generic
Cwcqwa
February 16, 2024aristocort online order brand aristocort 4mg purchase triamcinolone generic
Zxztvl
February 17, 2024cost of cialis cheap cialis for sale cialis 40mg
Ydnhmq
February 18, 2024purchase clarinex clarinex 5mg brand order clarinex without prescription
Nbxoen
February 19, 2024brand cenforce cenforce 100mg without prescription cenforce 50mg usa
Ncaktr
February 19, 2024loratadine over the counter buy claritin generic purchase claritin pills
Ermewb
February 20, 2024chloroquine 250mg generic where to buy chloroquine without a prescription buy generic aralen over the counter
Cerzyw
February 20, 2024buy priligy pills dapoxetine 60mg canada buy generic misoprostol
Izdedk
February 22, 2024order glucophage 500mg without prescription glucophage pills buy generic glucophage 500mg
Icpbyi
February 22, 2024buy orlistat 120mg online cheap buy diltiazem generic order diltiazem without prescription
Znxdvj
February 24, 2024acyclovir 400mg cost buy acyclovir 400mg without prescription allopurinol 300mg usa
Enjgjk
February 24, 2024purchase norvasc pill buy norvasc 5mg pills norvasc 5mg without prescription
Hvrbhf
February 25, 2024crestor 10mg brand order rosuvastatin 20mg zetia cost
Urwciu
February 25, 2024buy zestril 5mg pill zestril 10mg oral buy cheap zestril
Pcawap
February 26, 2024motilium 10mg over the counter purchase motilium without prescription tetracycline 500mg tablet
Muljou
February 27, 2024order prilosec pill buy omeprazole pills for sale prilosec 10mg oral
Uicbgw
February 28, 2024cheap flexeril 15mg purchase baclofen pills baclofen 25mg tablet
Nkuoyv
February 28, 2024buy generic metoprolol 50mg order lopressor 50mg without prescription buy lopressor 50mg pills
Ulpbhl
February 29, 2024buy ketorolac ketorolac over the counter colchicine for sale online
Lgnood
March 1, 2024buy tenormin cheap order tenormin 50mg without prescription atenolol 50mg us
Rdwhay
March 2, 2024methylprednisolone 4 mg pills buy medrol 16mg online medrol 16mg tablet
Kynrma
March 3, 2024inderal price inderal 10mg usa buy plavix 75mg pill
Rqvayg
March 3, 2024pay for essay help with writing a paper buying a term paper
Vsdntm
March 4, 2024where to buy methotrexate without a prescription oral methotrexate buy warfarin 5mg generic
Gioyrp
March 5, 2024order reglan generic order metoclopramide 10mg order cozaar 25mg generic
Sajtyn
March 5, 2024mobic buy online purchase mobic pill celecoxib buy online
Feculb
March 6, 2024order esomeprazole 20mg online cheap buy generic esomeprazole buy topiramate 100mg pills
Xjdows
March 7, 2024how to buy flomax buy tamsulosin 0.2mg without prescription buy celebrex generic
Bjeprq
March 9, 2024imitrex for sale online levaquin 250mg canada levaquin 500mg sale
Rxonih
March 9, 2024zofran 4mg uk zofran oral order spironolactone generic
Rvento
March 11, 2024order zocor 10mg online buy valacyclovir no prescription cheap valtrex 500mg
Tmaawx
March 12, 2024finasteride medication buy propecia 1mg fluconazole 100mg without prescription
Xlchfu
March 12, 2024purchase ampicillin online buy acillin without a prescription buy amoxicillin pill
Qjvmvr
March 15, 2024baycip drug – myambutol over the counter augmentin 625mg cost
Ikgkkr
March 15, 2024buy generic ciprofloxacin over the counter – purchase myambutol generic buy augmentin 625mg pills
Fadfba
March 18, 2024metronidazole 400mg us – buy clindamycin zithromax online order
Qffyia
March 18, 2024ciplox 500 mg tablet – cheap chloromycetin buy erythromycin 250mg sale
Byjkpf
March 20, 2024valtrex 1000mg cost – buy vermox 100mg acyclovir us
Ditpcr
March 21, 2024ivermectin online pharmacy – buy sumycin sale order tetracycline 500mg for sale
Jgoscc
March 22, 2024flagyl 400mg tablet – azithromycin 250mg oral azithromycin 500mg drug
Dwpirg
March 24, 2024buy generic furosemide 40mg – cost minipress 1mg capoten 120mg oral
Mymyib
March 26, 2024glycomet drug – glucophage cost lincocin us
Nkcrly
March 27, 2024purchase retrovir generic – glycomet 500mg usa buy allopurinol without prescription
Etwnuj
March 29, 2024order clozapine 50mg pills – buy generic tritace buy pepcid 20mg generic
Ffidrb
March 30, 2024quetiapine for sale online – order luvox 100mg online cheap where can i buy eskalith
Jkkcff
April 1, 2024clomipramine buy online – aripiprazole 30mg uk order sinequan 75mg generic
Wtbxzm
April 1, 2024atarax buy online – order pamelor 25mg order endep without prescription
Kncjwy
April 4, 2024amoxil tablets – order erythromycin 500mg generic cipro over the counter
Ucsgep
April 5, 2024buy amoxiclav – septra tablet cheap baycip
Qqksta
April 10, 2024buy cleocin 300mg without prescription – order cleocin 150mg generic cheap chloramphenicol for sale
Gittsr
April 11, 2024buy cheap zithromax – order ciplox 500mg for sale ciplox 500 mg without prescription
Yxnesi
April 13, 2024ivermectin 12 mg tablets for humans – purchase aczone online buy cefaclor 500mg without prescription
Wdcpzm
April 14, 2024ventolin 4mg drug – fluticasone inhaler theo-24 Cr for sale online
Euitul
April 16, 2024order clarinex sale – purchase ventolin inhalator online order albuterol without prescription
Gewhyo
April 17, 2024medrol 4 mg tablet – buy astelin 10ml without prescription buy astelin 10 ml generic
Uletol
April 18, 2024micronase ca – micronase 2.5mg cheap brand forxiga
Ekgnkc
April 20, 2024repaglinide price – empagliflozin 25mg drug buy jardiance 10mg generic
Obdbrc
April 21, 2024buy glucophage 1000mg generic – buy losartan 50mg online precose online order
Einkwz
April 23, 2024buy generic terbinafine for sale – where to buy grifulvin v without a prescription buy griseofulvin online cheap
Gqlcnu
April 24, 2024buy rybelsus 14mg for sale – buy semaglutide without a prescription generic desmopressin
Nslfza
April 25, 2024order nizoral 200mg – order butenafine generic order sporanox 100 mg pills