Daily Market Reflection

9th May 2016

USDINR

Market Outlook
Indian Rupee traded weak since start of the session on sustained foreign
fund outflows amid appreciation of the American currency overseas.
Another important headline from the global currencies is of Philippine
peso which set to post its third straight weekly fall slumped around 0.8%
against greenback, hitting a two-month low on Friday, amid growing
worries about the new government's economic policies ahead of a
presidential election next week. The dollar rose against a basket of
currencies on Friday, as remarks on possible rate hikes in 2016 from a top
Federal Reserve official pared some bets on a weaker greenback.
Fundamental News

Date

04-05-16

05-05-16

USDINR

66.8075

66.8100

0.00%

EURINR

76.3225

76.3550

0.04%

GBPINR

96.5475

96.8925

0.36%

JPYINR

62.2550

62.4400

0.30%

Currency
Rupee
Dollar Index
Euro
Pound
Japnese Yen

% Chg

Currency

Event

Forecast

Previous

JPY

Monetary Policy Meeting

Minutes

JPY

Average Cash Earnings y/y

0.7%

EUR

German Factory Orders

m/m

-1.2%

1:00pm

GBP

Halifax HPI m/m

0.1%

2.6%

All Day

EUR

Eurogroup Meetings

USD

Mortgage Delinquencies

4.77%

5:20am
5:30am
11:30am

9th-12th

Close
(5:00pm)
66.6050
93.6500
1.1425
1.4511
107.00

Prev
Close
66.5563
93.7800
1.1402
1.4479
107.09

% Chg
0.07%
-0.13%
0.20%
0.22%
-0.08%

Global Commodities

Event Calendar (9th May 2016)

Time

Date
Date
%
Change
05-05-16 06-05-16
66.5105
66.5830 0.10%
76.3807
75.9313 -0.58%
96.5865
96.3456 -0.24%
62.1500
62.1300 -0.03%
Currencies vs $

Currency Future
Date

Currency
USDINR
EURINR
GBPINR
JPYINR

Dollar edges higher as Fed's Dudley offsets weak U.S. jobs

data.
Eurozone retail PMI drops to 14-month low in April.
Philippine peso heads for 3rd weekly fall on election jitters.
Australian construction edges ahead in April.
Russian rouble slips back on lower oil prices.
Dudley says two Fed rate hikes reasonable expectation in '16.

Currency

Reference Rate

Commodity
Gold
Silver
Crude
Copper

Close
1281.04
17.35
43.99
2.1373

Prev.Close
1278.52
17.31
44.03
2.1390

% Chg
0.19%
0.23%
-0.09%
-0.07%

Our Previous calls update

Intraday super star
Date
Currency Entry
Exit
P/L
05/05 EURINR 76.2400 76.4000 -3200
Trifid special
Date
Currency Entry Exit
05/05
GBPINR For our next calls click here..

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

P/L
-

Overview
USDINR

EURINR

USDINR was again devoid of movements and the situation froe

specific trend is still unclear according to charts.

EURINR surpassed the previous days lows and did not sustain
there for long rather showed some recovery and closed in
green.

On daily charts, 100 day EMA of 67.0000 is still acting as stiff

resistance while support is found by the counter around
66.7000-66.5000.
R1
67.0000

R2
67.2000

S1
66.7000

S2
66.6000

Strength can be said till it sustains above 76.4000 while

76.0000 is marked as immediate support.
R1

R2

S1

S2

76.5000

76.7000

76.2000

76.0000

GBPINR

JPYINR

GBPINR consolidated for first half of the session and then

inched higher to close the session in green.

JPYINR managed at higher levels after gap up opening as per

previous close.

If it is able to hold above 97.0000 in the coming session then

100 day EMA of 97.1500 may act as resistance while 96.50000
is seen as good support for the counter.

The counter has showed pull back from support of 62.1250 on

daily charts and if breaches the immediate resistance of
62.6500 then up move can be seen while 62.1000 is still seen
as good support.

R1
97.0500

R1
62.6500

R2
97.2000

S1
96.7000

S2
96.5000

R2
62.8000

S1
62.3000

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S2
62.1000

Intraday Super Star

(Premium Section)

JPYINR showed good pull back during the intraday session from support of 62.1250 as on daily charts and strong closing indicates
that buying can continue towards the resistance of 62.6500.
BUY ABOVE 62.5500 TARGETS 62.6700/62.8000 SL 62.3600.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Trifid Special
(Premium Section)

GBPINR has reversed from the upper band of channel pattern and even closed below the 100 day EMA on daily charts; further, if it
surpasses the trend line as shown in the chart above then selling pressure can be seen in the counter.
SELL BELOW 96.5000 TARGET 96.0000 SL 97.1500.

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