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LKP Securities

Published on 16/01/2020 10:09:08 AM

USDINR

* On The daily chart USDINR Fut closed flat to weak giving a small red candle close, prices can be taking support near 70.90-70.70. Thus supports are placed at 70.90-70.70. 71.30-71.50 will keep acting as new supply points.

* Overall prices can be in range of 70.75-71.30. Technical Indicator MACD is showing signs of trend to be sideways to weak for few sessions, For the day it can be in a range of 70.85-71.05 below 70.85 shorts can be seen towards 70.75 & above 71.10 rally towards 71.25 can be seen.

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Angel Broking Pvt Ltd

Published on 16/01/2020 10:04:05 AM

GBP

GBP increased against USD by 0.15 percent yesterday while GBPINR appreciated by 0.03 percent.

The BOE’s decision will be announced on Jan. 30, when officials will publish fresh forecasts on growth and inflation. The central bank will also unveil its annual review of the supply side of the economy, which will include crucial analysis on the extent of the supply shock from the U.K.’s departure from the European Union. GDP data from UK came in at -0.3 percent against market expectations of 0 percent.

GBPINR is expected to move sideways in today’s session.

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Angel Broking Pvt Ltd

Published on 16/01/2020 10:03:50 AM

Euro

EURUSD appreciated by 0.2 percent yesterday while EURINR appreciated by 0.06 percent the same time frame.

German WPI came in at 0 percent against market expectations of 0.2 percent for Dec’19. EU Trade Commissioner Phil Hogan visited his counterpart in Washington to pour some cold water on the trade relationship between the two economies after US President Trump threatened to retaliate on French tax on US tech-firms.

EURINR is expected to appreciate in today’s session.

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Angel Broking Pvt Ltd

Published on 16/01/2020 10:03:32 AM

Indian rupee

Indian Rupee appreciated by 0.18 percent yesterday while the Dollar index decreased by 0.15 percent during the same time frame. Owing to higher food prices, retail inflation rose sharply to 7.35% in December 2019 from 5.54% in November, according to government data.

ADP Non-farm payroll data from US came in at 202,000 for Dec’19 against market expectations of 160,000. President Donald Trump on Wednesday signed an initial trade deal with senior Chinese leaders that include pledges from Beijing to more than double its purchases from American farmers in the first year. Under the agreement, China has promised to buy an additional $12.5 billion in US agricultural products in year one, and then $19.5 billion in year two. CPI data from US came in line with market expectations at 0.2 percent for Dec’19.

USDINR is expected to appreciate in today’s session.

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Choice International Ltd

Published on 16/01/2020 9:53:41 AM

EURINR

Technical View:

* EURINR closed in a positive note by 0.04% during the last trading session.

* However, On the daily chart, the pair has started trading below its Parabolic SAR, which indicates bearishness.

* Furthermore, a momentum indicator RSI (14) has fallen from the overbought levels , which suggests weakness.

* Also, RSI(14) has formed a negative crossover, which confirms power to the bears.

* So based on the above technical structure, we expect a bearish move in EURINR (Jan) towards 79.02 level.

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Choice International Ltd

Published on 16/01/2020 9:53:19 AM

GBPINR

Technical View:

* During the last trading session, GBPINR has shown small recovery and closed with the gain of 0.20%.

*  However, on the daily chart the pair has closed below its lower Bollinger Band, which confirms bearish momentum.

* Moreover, momentum indicator RSI(14) has shown a negative crossover , which indicates power to the bears.

* Additionally, the pair’s has shifted bellow the rising trend line, which suggests power to the bears.

* So based on the above technical structure, we expect a bearish move in GBPINR (Jan) future towards 92.20 level

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Choice International Ltd

Published on 16/01/2020 9:53:00 AM

JPYINR

Technical View:

* During the last trading session, The JPYINR faced pressure and closed with flat note during the last session.

* Also, On the daily timeframe, the pair started trading below the Parabolic SAR, which indicates negative momentum.

* Moreover, momentum indicator RSI (14) has breached below the 50 level, which confirms bearish presence in the counter.

* Furthermore, the price has shifted below the rising trend line, which confirms bearishness.

* So based on the above technical structure, we expect bearish move in JPYINR (Jan) towards 64.55 level.

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Tradebulls Securities (P) Ltd

Published on 16/01/2020 9:52:17 AM

(CurrencyDesk) Intraday call:- Buy USDINR at 70.8425-70.8325 TGT 70.99 Stoploss 70.71(Tradebulls Research Desk)

Please refer disclaimer at https://www.tradebulls.in/Static/Disclaimer.aspx
 

Choice International Ltd

Published on 16/01/2020 9:51:51 AM

USDINR

Technical View:

* The USDINR closed with negative note in the last trading session.

* Also, on the daily chart the pair has shown a breakdown from the lower Bollinger Band, which confirms bearish strength.

* Moreover, a momentum indicator RSI(14) has shown a negative crossover, which suggests bearish presence in the counter.

* Additionally, the price has sustained below the 21*50 days SMA’s, which indicates power to the bears.

* Hence, we expect a bearish move in USDINR (Jan) future towards 70.78 level.

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For Detailed Report With Disclaimer Visit. https://choicebroking.in/disclaimer

Kedia Commodities

Published on 16/01/2020 9:46:12 AM

KEDIA: DATA TO WATCH

Date Zone Data  

12:30pm EUR German Final CPI m/m  
6:00pm EUR ECB Monetary Policy Meeting Accounts  
7:00pm USD Core Retail Sales m/m  
7:00pm USD Retail Sales m/m  
7:00pm USD Philly Fed Manufacturing Index  
7:00pm USD Import Prices m/m  
7:00pm USD Unemployment Claims  
8:30pm USD FOMC Member Bowman Speaks  
8:30pm USD Business Inventories m/m  
8:30pm USD NAHB Housing Market Index  
9:00pm USD Natural Gas Storage  
11:30pm EUR ECB President Lagarde Speaks

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