• By Goodwill
  • 180 Comments
  • February 5, 2024

FX – MORNING UPDATE :

USDINR opened at 82.92 on Friday and the pair traded in the 82.82-82.93 range. Spot USDINR closed at 82.91, loss of 7 ps for USD as against prior close of 82.98.

RBI reference rate was fixed at 82.84 on 02/02Feb USD/INR closed at 82.98 on Friday, loss of 7 ps for USD as compared to prior day’s close of 83.05. Feb Euro/INR closed at 90.43, GBP/INR at 105.82 and Yen/INR at 56.83. 1 year USDINR fwd premia was trading at around 1.82% p.a.  FX reserves stood at USD 616.73 bn, as on Jan 26 th.

PAIRS

RBI REF RATE (02/02)

USDINR

82.84

EURINR

90.13

GBPINR

105.63

JPYINR

56.58

In Feb, FPI’S have bought Rs 312 Cr of Equities and bought Rs 2267 Cr of debt . In last calendar year, FII’S have net bought Rs 172853 Cr of Equities and have net bought Rs 70489 Cr of debt.

Benchmark Nifty climbed 156 points (0.72%) on Friday. US S&P climbed 52 points (1.07%) on Friday. Nikkei declined 0.90% and Hang Seng climbed 0.52% y’day.

Euro is now at 1.0788, Pound at 1.2633, Yen at 148.40.

Commodities: Gold is now at USD 2039 and WT1Crude at USD 72/Brent at USD 77.50.

Interest rates: USD 10 Yr yield is at 3.88% and 3 m libor closed at 5.59%. Indian 10 yr benchmark yield closed at 7.05%.

Economic news: US Non-Farm Payroll employment rose 353k in January, significantly surpassing expectation of 178k. Prior month’s growth was also revised sharply higher from 216k to 333k. Both were well above monthly average of 255k growth in 2023.Unemployment rate was unchanged at 3.7%, below expectation of 3.8%. Labor force participation rate was unchanged at 62.5%. Average hourly earnings grew 0.6% mom, well above expectation of 0.3% mom. Annual hourly earnings growth also accelerated from 4.4% yoy to 4.5% yoy, above expectation of 4.1% yoy.

Data highlights: – US factory orders climbed 0.2% m/m.

Monday’s calendar : –  US ISM(services)

-EU PMI(services), sentix investor confidence survey and PPI

USD/INR

 

 

 82.93

82.82

EUR/USD

1.0788

 

1.0898

1.0781

GBP/USD

1.2633

 

1.2772

1.2614

USD/JPY

148.40

 

148.59

146.24

Daily Support/Resistance table

Currency Pairs

Pivot

R1

R2

R3

S1

S2

S3

EURO/USD

1.0822

1.0863

1.0905

 

1.0746

1.0677

 

GBP/USD

1.2673

1.2732

1.2831

 

1.2574

1.2515

 

USD/JPY

147.74

149.24

150.09

 

146.89

145.39

 

USD/INR

82.89

82.95

83

 

82.85

82.78

 

MAJOR SUPPORTS/RESISTANCES AND TREND TABLE

Currency Pair

Supports

Resistances

Trend

Remarks

EURO/USD

1.0770/1.0725

1.09

SIDE

UP>1.09

GBP/USD

1.2560/1.2480

1.28

SIDE

UP>1.28

USD/JPY

146/144.35

148.90/150

UP

SIDE<145.90

USD/INR

82.80

83.18/83.24

SIDE

UP>83.35

USD/CHF

0.8550

0.8850

SIDE

DN>0.8550

Technicals: Spot closed below 20 and 50 day average but above 200 day moving averages.20 day moving average is at 83.08. 50 day moving average is at 83.20.200 day moving average is at 82.78. Daily MACD is in sell zone. Important support is at 82.80 and important resistance is at 83.17/83.24. Spot closed at the average level of the day.

Intraday supports and resistances for Feb contract are:

PP: 82.95, S1:82.90, S2:82.84, R1:83.02, R2:83.06.             

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

However on directional basis, suggest the following:

USD exports be hedged at 83.35/83.40. Imports be hedged at 82.92/82.80 for 3 months.

CROSS CURRENCY TECHNICALS:

EURO/USD: The pair is between major moving averages. Major resistance is at 1.09/1.10. Next major support is at 1.0770/1.0725. Daily MACD is in sell zone, implying an important top at 1.1275. Weekly MACD is in buy zone, implying important bottom at 1.0450.

GBP/USD: The pair is between major moving averages. Daily MACD is in sell zone, implying important top at 1.2810 and weekly MACD is in buy zone, implying important bottom at 1.25. Important support is at 1.2550/1.2480. Important resistance is at 1.28/1.30.

USD/YEN: The pair is above all major moving averages. Daily MACD is in buy zone, implying important bottom at 145.90. Important resistance is at 148.90/150 and support is at 145.90/144.35.

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. Surveillance
    February 7, 2024

    solutions

  2. securitysolutions
    February 7, 2024

    “Fantastic!”

  3. securitysolutions
    February 8, 2024

    “Excellent!”

  4. securitysolutions
    February 8, 2024

    securitysolutions

  5. securitysolutions
    February 8, 2024

    “Impressive!”

  6. securitysolutions
    February 8, 2024

    “Nice work!”

  7. securitysolutions
    February 8, 2024

    “Keep it up!”

  8. securitysolutions
    February 8, 2024

    “You’re amazing!”

  9. securitysolutions
    February 9, 2024

    “Well done!”

  10. security solutions
    February 10, 2024

    “Nice work!”

  11. JerryAmoni
    February 14, 2024

    mexican pharmaceuticals online [url=https://mexicanph.shop/#]buying from online mexican pharmacy[/url] mexican pharmacy

  12. JerryAmoni
    February 14, 2024

    medicine in mexico pharmacies [url=https://mexicanph.com/#]п»їbest mexican online pharmacies[/url] mexico drug stores pharmacies

  13. ArmandoGycle
    February 14, 2024

    http://mexicanph.shop/# pharmacies in mexico that ship to usa
    medicine in mexico pharmacies [url=http://mexicanph.com/#]medication from mexico pharmacy[/url] mexico drug stores pharmacies

  14. JerryAmoni
    February 15, 2024

    mexican pharmacy [url=https://mexicanph.com/#]buying prescription drugs in mexico[/url] п»їbest mexican online pharmacies

  15. JerryAmoni
    February 15, 2024

    purple pharmacy mexico price list [url=https://mexicanph.com/#]mexican online pharmacies prescription drugs[/url] reputable mexican pharmacies online

  16. JerryAmoni
    February 15, 2024

    п»їbest mexican online pharmacies [url=https://mexicanph.shop/#]reputable mexican pharmacies online[/url] medicine in mexico pharmacies

  17. ArmandoGycle
    February 15, 2024

    https://mexicanph.shop/# mexican rx online
    purple pharmacy mexico price list [url=http://mexicanph.shop/#]п»їbest mexican online pharmacies[/url] mexican border pharmacies shipping to usa

  18. JerryAmoni
    February 15, 2024

    mexican online pharmacies prescription drugs [url=https://mexicanph.shop/#]mexican pharmacy[/url] pharmacies in mexico that ship to usa

  19. JerryAmoni
    February 16, 2024

    mexican border pharmacies shipping to usa [url=http://mexicanph.shop/#]п»їbest mexican online pharmacies[/url] mexican online pharmacies prescription drugs

  20. ArmandoGycle
    February 16, 2024

    http://mexicanph.shop/# buying prescription drugs in mexico
    pharmacies in mexico that ship to usa [url=https://mexicanph.shop/#]mexico drug stores pharmacies[/url] purple pharmacy mexico price list

  21. JerryAmoni
    February 16, 2024

    buying prescription drugs in mexico [url=https://mexicanph.com/#]mexico drug stores pharmacies[/url] reputable mexican pharmacies online

  22. JerryAmoni
    February 17, 2024

    mexican border pharmacies shipping to usa [url=http://mexicanph.shop/#]mexican pharmaceuticals online[/url] buying prescription drugs in mexico online

  23. JerryAmoni
    February 17, 2024

    buying from online mexican pharmacy [url=http://mexicanph.shop/#]reputable mexican pharmacies online[/url] п»їbest mexican online pharmacies

  24. ArmandoGycle
    February 17, 2024

    http://mexicanph.com/# buying prescription drugs in mexico
    medicine in mexico pharmacies [url=http://mexicanph.shop/#]mexican mail order pharmacies[/url] mexican drugstore online

  25. JerryAmoni
    February 18, 2024

    mexican border pharmacies shipping to usa [url=https://mexicanph.com/#]mexico drug stores pharmacies[/url] pharmacies in mexico that ship to usa

  26. JerryAmoni
    February 18, 2024

    mexican rx online [url=https://mexicanph.shop/#]mexico drug stores pharmacies[/url] mexican online pharmacies prescription drugs

  27. ArmandoGycle
    February 18, 2024

    http://mexicanph.shop/# buying from online mexican pharmacy
    mexico drug stores pharmacies [url=https://mexicanph.shop/#]mexico drug stores pharmacies[/url] mexican border pharmacies shipping to usa

  28. JerryAmoni
    February 18, 2024

    mexican border pharmacies shipping to usa [url=https://mexicanph.com/#]mexico drug stores pharmacies[/url] mexico drug stores pharmacies

  29. JerryAmoni
    February 19, 2024

    reputable mexican pharmacies online [url=https://mexicanph.shop/#]mexico drug stores pharmacies[/url] mexican rx online

  30. RobertsoGma
    February 19, 2024

    mexico drug stores pharmacies mexican pharmacy mexican mail order pharmacies

  31. JerryAmoni
    February 19, 2024

    mexican pharmaceuticals online [url=http://mexicanph.shop/#]medication from mexico pharmacy[/url] reputable mexican pharmacies online

  32. ArmandoGycle
    February 19, 2024

    http://mexicanph.shop/# mexican pharmaceuticals online
    mexican mail order pharmacies [url=http://mexicanph.com/#]buying prescription drugs in mexico online[/url] mexican pharmaceuticals online

  33. JerryAmoni
    February 19, 2024

    pharmacies in mexico that ship to usa [url=http://mexicanph.com/#]mexican drugstore online[/url] mexican drugstore online

  34. DavidFex
    February 20, 2024

    amoxicillin 875 mg tablet [url=https://amoxil.cheap/#]amoxicillin 500mg price canada[/url] amoxicillin 500 mg without prescription

  35. CharlesCaple
    February 20, 2024

    https://lisinopril.top/# lisinopril 2.5 mg buy online
    amoxicillin 500mg price in canada [url=https://amoxil.cheap/#]buying amoxicillin in mexico[/url] antibiotic amoxicillin

  36. DavidFex
    February 20, 2024

    lasix [url=http://furosemide.guru/#]lasix 40mg[/url] buy furosemide online

  37. DavidFex
    February 21, 2024

    price of lisinopril 20 mg [url=https://lisinopril.top/#]lisinopril 40 mg brand name[/url] zestril 20 mg price

  38. CharlesCaple
    February 21, 2024

    http://amoxil.cheap/# generic for amoxicillin
    where to buy ivermectin cream [url=https://stromectol.fun/#]stromectol buy[/url] ivermectin stromectol

  39. DavidFex
    February 21, 2024

    buy stromectol uk [url=https://stromectol.fun/#]stromectol 15 mg[/url] stromectol buy

  40. DavidFex
    February 21, 2024

    lisinopril 40 mg discount [url=http://lisinopril.top/#]lisinopril for sale uk[/url] drug lisinopril

  41. CharlesCaple
    February 22, 2024

    http://lisinopril.top/# lisinopril 0.5 mg
    lisinopril 2.5 cost [url=https://lisinopril.top/#]lisinopril online uk[/url] how much is lisinopril 40 mg

  42. DavidFex
    February 22, 2024

    amoxicillin 500mg capsules antibiotic [url=https://amoxil.cheap/#]amoxicillin 250 mg price in india[/url] where can i buy amoxicillin over the counter uk

  43. DavidFex
    February 22, 2024

    lasix 100mg [url=http://furosemide.guru/#]Buy Lasix No Prescription[/url] lasix 20 mg

  44. DavidFex
    February 23, 2024

    amoxicillin generic [url=http://amoxil.cheap/#]buy amoxicillin online uk[/url] buy amoxicillin online no prescription

  45. CharlesCaple
    February 23, 2024

    https://buyprednisone.store/# online order prednisone 10mg
    furosemide [url=https://furosemide.guru/#]Buy Lasix[/url] furosemide 100 mg

  46. DavidFex
    February 23, 2024

    zestril 25 mg [url=https://lisinopril.top/#]how much is lisinopril 5 mg[/url] lisinopril buy online

  47. DavidFex
    February 23, 2024

    prednisone prescription online [url=http://buyprednisone.store/#]prednisone pill[/url] order prednisone online no prescription

  48. CharlesCaple
    February 24, 2024

    http://stromectol.fun/# generic ivermectin cream
    buy minocycline 50mg [url=https://stromectol.fun/#]price of ivermectin[/url] stromectol pill

  49. DavidFex
    February 24, 2024

    lasix dosage [url=https://furosemide.guru/#]Buy Lasix No Prescription[/url] lasix

  50. DavidFex
    February 24, 2024

    amoxicillin 500mg capsules price [url=http://amoxil.cheap/#]where can i get amoxicillin[/url] amoxicillin 500mg capsule cost

  51. DavidFex
    February 25, 2024

    prinivil 5 mg [url=https://lisinopril.top/#]lisinopril brand name in india[/url] lisinopril 10 mg price

  52. DavidFex
    February 25, 2024

    zestoretic online [url=http://lisinopril.top/#]lisinopril without an rx[/url] lisinopril 40 mg prices

  53. Jamesasync
    February 25, 2024

    40 mg lisinopril for sale: lisinopril 40 – lisinopril 40 mg canada

  54. CharlesCaple
    February 25, 2024

    https://furosemide.guru/# lasix 40mg
    prednisone 20 mg purchase [url=http://buyprednisone.store/#]50 mg prednisone from canada[/url] prednisone 50 mg canada

  55. DavidFex
    February 26, 2024

    lisinopril 5 mg for sale [url=http://lisinopril.top/#]lisinopril prices[/url] buy lisinopril

  56. BryanPReed
    February 27, 2024

    indian pharmacies safe [url=https://indianph.xyz/#]india pharmacy mail order[/url] buy prescription drugs from india

  57. Antoniohem
    February 27, 2024

    http://indianph.com/# indian pharmacy paypal
    indian pharmacy paypal [url=https://indianph.com/#]buy prescription drugs from india[/url] indian pharmacies safe

  58. BryanPReed
    February 27, 2024

    india pharmacy mail order [url=https://indianph.xyz/#]reputable indian online pharmacy[/url] п»їlegitimate online pharmacies india

Leave a Reply

Your email address will not be published. Required fields are marked *