• By Goodwill
  • 535 Comments
  • December 20, 2023

FX – MORNING UPDATE :

USDINR opened at 83.12 y’day and the pair traded in the 83.11-83.22 range. Spot USDINR closed at 83.18, gain of 12 ps for USD as against prior close of 83.06.

RBI reference rate was fixed at 83.18 on 19/12Dec USD/INR closed at 83.20 y’day, loss of 12 ps for USD as compared to prior day’s close of 83.08. Dec Euro/INR closed at 90.99, GBP/INR at 105.61 and Yen/INR at 57.55. 1 year USDINR fwd premia was trading at around 1.68% p.a.  FX reserves stood at USD 606.85 bn as on Dec 1 st.  FX reserves climbed USD 2.81 bn.

PAIRS

RBI REF RATE (19/12)

USDINR

83.18

EURINR

90.86

GBPINR

105.26

JPYINR

57.95

In Dec, FPI’S have bought Rs 32989 Cr of Equities and bought Rs 9027 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 34 points (0.16%) y’day. US S&P climbed 27 points (0.59%) y’day. Nikkei climbed 1.32% and Hang Seng declined 0.68% y’day..

Euro is now at 1.0973, Pound at 1.2722, Yen at 143.64.

Commodities: Gold is now at USD 2050 and WT1Crude at USD 74/Brent at USD 79.

Interest rates: USD 10 Yr yield is at 3.91% and 3 m libor closed at 5.64%. Indian 10 yr benchmark yield closed at 7.14%.

Economic news: BoJ decided to maintain its monetary policy unchanged. BOJ Governor reaffirmed the central bank’s readiness to take “additional easing steps if necessary,” highlighting the “extremely high” level of uncertainty surrounding the economy.

Focus will be on US Core PCE index to be released on Friday.

Data highlights: – US Housing starts climbed to 1.56 mn and building permits dipped to 1.46 mn.

-EU CPI climbed 2.4% y/y.

Wednesday’s calendar : – US existing home sales

-EU Consumer confidence

-UK CPI, RPI and PPI(output)

USD/INR

 

 

 83.22

83.11

EUR/USD

1.0973

 

1.0988

1.0914

GBP/USD

1.2722

 

1.2763

1.2639

USD/JPY

143.64

 

144.97

142.24

Daily Support/Resistance table

Currency Pairs

Pivot

R1

R2

R3

S1

S2

S3

EURO/USD

1.0961

1.1008

1.1034

1.1081

1.0934

1.0888

1.0861

GBP/USD

1.2711

1.2783

1.2835

1.2907

1.2659

1.2587

1.2535

USD/JPY

143.68

145.12

146.41

147.84

142.39

140.95

139.66

USD/INR

83.17

83.23

83.28

 

83.12

83.06

 

MAJOR SUPPORTS/RESISTANCES AND TREND TABLE

Currency Pair

Supports

Resistances

Trend

Remarks

EURO/USD

1.0735/1.0665

1.1018

UP

DN<1.0735

GBP/USD

1.25/1.2325

1.2795

SIDE

DN<1.25

USD/JPY

141

146/147.15/149.70

DN

UP>146

USD/INR

82.80

83.25

SIDE

SIDE<83.02

USD/CHF

0.8650

0.8820/0.8950

DN

UP>0.8820

Technicals: Spot closed below 20 and  50 day average but above 200 day moving averages.20 day moving average is at 83.31. 50 day moving average is at 83.27.200 day moving average is at 82.64. Daily MACD is in sell zone. Important support is at 82.80 and important resistance is at 83.24/83.30. Spot closed above the average level of the day.

Intraday supports and resistances for Dec contract are:

PP: 83.10, S1:82.85, S2:82.71, R1:83.24, R2:83.49.             

Hedging strategy: Hedging decisions be taken according to comfort and accounting rates.

However on directional basis, suggest the following:

USD exports be hedged at 83.24/83.30. Imports be hedged at 82.80/82.65 for 3 months.

CROSS CURRENCY TECHNICALS:

EURO/USD: The pair is above major moving averages. Major resistance is at 1.1018. Next major support is at 1.0735/1.0665. Daily MACD is in buy zone, implying an important bottom at 1.0735. 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 1.2795 and weekly MACD is in buy zone, implying important bottom at 1.25. Important support is at 1.25/1.2325. Important resistance is at 1.2795.

USD/YEN: The pair is below major moving averages. Daily MACD is in sell zone, implying important top at 151.75. Important resistance is at 146.60/149.70 and support is at 141.

Click to open an Account : https://ekyc.gwcindia.in/client/
For all your investment needs feel free to reach us.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999

Comments

  1. Health Stay
    December 21, 2023

    I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!

  2. Fnmwtv
    January 13, 2024

    tablet for allergy on skin buy albuterol generic allergy medication better than allegra

  3. Tavvjs
    January 18, 2024

    strongest non prescription sleeping pills meloset 3mg price

  4. Wjtfdc
    January 23, 2024

    buy omnacortil pills for sale buy omnacortil cheap order prednisolone 40mg without prescription

  5. Gicuhl
    January 26, 2024

    buy amoxicillin pills amoxicillin pill amoxicillin pills

  6. Neaotw
    January 30, 2024

    cost tizanidine 2mg buy tizanidine buy tizanidine 2mg online

  7. Gwcohf
    January 30, 2024

    order clomiphene for sale clomiphene pills buy clomid 50mg generic

  8. Yxrynf
    February 1, 2024

    semaglutide order semaglutide 14 mg pill order semaglutide 14 mg without prescription

  9. Prevgw
    February 4, 2024

    best antihistamine for runny nose ventolin cheap best allergy for itchy skin

  10. Sbvepm
    February 6, 2024

    zithromax uk zithromax oral buy generic zithromax over the counter

  11. Gqknqi
    February 15, 2024

    brand pregabalin 150mg pregabalin uk pregabalin 75mg ca

  12. Mwlqpm
    February 17, 2024

    buy desloratadine 5mg sale desloratadine oral buy clarinex 5mg pill

  13. Uftvxh
    February 19, 2024

    order loratadine pills claritin 10mg price buy loratadine medication

  14. Oypiwx
    February 20, 2024

    order chloroquine pill chloroquine pill aralen 250mg ca

  15. Xozmnm
    February 25, 2024

    crestor 10mg us order zetia online buy generic ezetimibe over the counter

  16. Waxsft
    February 26, 2024

    buy domperidone without prescription tetracycline price tetracycline 250mg ca

  17. Sezmch
    February 29, 2024

    atenolol 100mg price tenormin 50mg uk buy generic atenolol for sale

  18. Ihxyhb
    March 2, 2024

    order generic inderal 20mg plavix 75mg canada order clopidogrel 75mg online

  19. Hegqrr
    March 5, 2024

    order metoclopramide 20mg for sale cost reglan buy hyzaar for sale

  20. Pjbbca
    March 6, 2024

    order tamsulosin 0.2mg pill flomax 0.4mg pills buy celebrex 100mg pills

  21. Yuelag
    March 12, 2024

    acillin canada acillin sale where can i buy amoxicillin

  22. LonnieWourE
    March 13, 2024

    aviator jogar: aviator bet – pin up aviator

  23. ThomasZen
    March 14, 2024

    aviator oyna slot: aviator hilesi – aviator oyna slot

  24. Franksooke
    March 29, 2024

    pragmatic play sweet bonanza: sweet bonanza slot – sweet bonanza slot demo

  25. Franksooke
    March 30, 2024

    ucak oyunu bahis aviator: aviator ucak oyunu – aviator casino oyunu

  26. Szlqvy
    March 31, 2024

    order clomipramine without prescription – cymbalta order doxepin for sale

  27. Pwvgts
    April 13, 2024

    ivermectin 3 mg for people – cefaclor 500mg pills buy cefaclor 500mg without prescription

  28. Ytewiv
    April 13, 2024

    purchase albuterol inhaler – buy fluticasone sale order theophylline for sale

  29. Matthewtam
    April 15, 2024

    cheapest erectile dysfunction pills: ed medicines – buy ed medication online

  30. Matthewtam
    April 16, 2024

    buy ed pills online: cheap ed – ed medicine online

  31. Matthewtam
    April 17, 2024

    cheapest pharmacy to fill prescriptions without insurance: online pharmacy prescription – canadian pharmacies not requiring prescription

  32. Justinwix
    April 24, 2024

    online pharmacy india https://indiaph24.store/# п»їlegitimate online pharmacies india
    reputable indian online pharmacy

  33. RickyNam
    April 25, 2024

    buying prescription drugs in mexico online [url=http://mexicoph24.life/#]mexico pharmacy[/url] medicine in mexico pharmacies

  34. RickyNam
    April 26, 2024

    indian pharmacy [url=http://indiaph24.store/#]indian pharmacy fast delivery[/url] india pharmacy

  35. PedroOress
    April 26, 2024

    medication from mexico pharmacy: Mexican Pharmacy Online – п»їbest mexican online pharmacies

  36. DavidPap
    April 26, 2024

    Abortion pills online [url=http://cytotec.club/#]buy cytotec[/url] purchase cytotec

  37. Randallvek
    April 26, 2024

    generic propecia no prescription: buy propecia – propecia cheap

  38. DavidPap
    April 26, 2024

    femara vs tamoxifen [url=http://nolvadex.life/#]tamoxifen skin changes[/url] lexapro and tamoxifen

  39. Randallvek
    April 26, 2024

    buy ciprofloxacin over the counter: ciprofloxacin generic – ciprofloxacin generic price

  40. Charlessmisy
    April 26, 2024

    https://cytotec.club/# cytotec pills buy online
    lisinopril brand name in india [url=http://lisinopril.network/#]lisinopril pills[/url] lisinopril 10 12.5 mg

  41. DavidPap
    April 26, 2024

    propecia online [url=https://finasteride.store/#]order propecia without prescription[/url] cheap propecia no prescription

  42. DavidPap
    April 27, 2024

    buy cheap propecia for sale [url=http://finasteride.store/#]order propecia without dr prescription[/url] order propecia for sale

  43. DavidPap
    April 27, 2024

    tamoxifen bone pain [url=http://nolvadex.life/#]buy tamoxifen[/url] tamoxifen citrate

  44. Randallvek
    April 27, 2024

    aromatase inhibitors tamoxifen: tamoxifen hip pain – tamoxifen pill

  45. DavidPap
    April 27, 2024

    buy cipro online canada [url=https://ciprofloxacin.tech/#]ciprofloxacin generic price[/url] buy cipro cheap

  46. Charlessmisy
    April 28, 2024

    http://cytotec.club/# purchase cytotec
    cipro [url=https://ciprofloxacin.tech/#]ciprofloxacin[/url] ciprofloxacin generic

  47. Randallvek
    April 28, 2024

    buy cytotec over the counter: buy cytotec in usa – buy cytotec online fast delivery

  48. DavidPap
    April 28, 2024

    tamoxifen therapy [url=http://nolvadex.life/#]benefits of tamoxifen[/url] tamoxifen lawsuit

  49. DavidPap
    April 28, 2024

    buy propecia now [url=http://finasteride.store/#]propecia pill[/url] cost cheap propecia online

  50. DavidPap
    April 29, 2024

    purchase cipro [url=https://ciprofloxacin.tech/#]ciprofloxacin 500mg buy online[/url] ciprofloxacin mail online

  51. Charlessmisy
    April 29, 2024

    http://ciprofloxacin.tech/# buy ciprofloxacin over the counter
    buy propecia now [url=https://finasteride.store/#]propecia[/url] buy propecia pill

  52. DavidPap
    April 29, 2024

    Abortion pills online [url=https://cytotec.club/#]buy cytotec online[/url] п»їcytotec pills online

  53. DavidPap
    April 29, 2024

    lisinopril pills for sale [url=http://lisinopril.network/#]lisinopril 40 mg brand name[/url] lisinopril tabs 10mg

  54. Xekaus
    April 29, 2024

    metoprolol 100mg generic – cozaar 50mg canada buy adalat 30mg without prescription

  55. DavidPap
    April 29, 2024

    Cytotec 200mcg price [url=https://cytotec.club/#]Abortion pills online[/url] Misoprostol 200 mg buy online

  56. Charlessmisy
    April 30, 2024

    https://cytotec.club/# buy cytotec pills online cheap
    ciprofloxacin 500 mg tablet price [url=http://ciprofloxacin.tech/#]where can i buy cipro online[/url] ciprofloxacin over the counter

  57. ElmerDrymn
    April 30, 2024

    Tadalafil price [url=http://cialist.pro/#]Generic Cialis without a doctor prescription[/url] Buy Tadalafil 5mg

  58. ElmerDrymn
    April 30, 2024

    Tadalafil price [url=http://cialist.pro/#]Generic Tadalafil 20mg price[/url] Cialis 20mg price

  59. JamesBOF
    April 30, 2024

    Kamagra 100mg price: kamagra pills – kamagra

  60. ElmerDrymn
    April 30, 2024

    Cialis 20mg price [url=https://cialist.pro/#]buy cialis online[/url] cheapest cialis

  61. Georgecip
    April 30, 2024

    buy kamagra online usa: kamagra.win – п»їkamagra

  62. ElmerDrymn
    May 1, 2024

    Kamagra 100mg price [url=https://kamagra.win/#]Kamagra Oral Jelly[/url] п»їkamagra

  63. ElmerDrymn
    May 1, 2024

    Generic Cialis without a doctor prescription [url=https://cialist.pro/#]Generic Cialis without a doctor prescription[/url] buy cialis pill

  64. ElmerDrymn
    May 1, 2024

    п»їLevitra price [url=https://levitrav.store/#]Generic Levitra 20mg[/url] Levitra 10 mg best price

  65. JamesBOF
    May 1, 2024

    Generic Tadalafil 20mg price: buy cialis online – Buy Tadalafil 5mg

  66. JamesBOF
    May 2, 2024

    Kamagra Oral Jelly: kamagra – super kamagra

  67. Davidfaxia
    May 2, 2024

    mexico pharmacies prescription drugs [url=https://pharmmexico.online/#]mexico drug stores pharmacies[/url] mexican drugstore online

Comments are closed.