The document provides a daily currency report from Private Client Group. It summarizes the movement of major currencies against the Indian rupee. On the day, the rupee consolidated around 68.30 levels against the US dollar, closing at 68.26. Technically, the USDINR pair is expected to consolidate between 68.30-67.70 before moving higher. Upcoming US economic data on durable goods orders and jobless claims will be watched closely.
The document provides a daily currency report from Private Client Group. It summarizes the movement of major currencies against the Indian rupee. On the day, the rupee consolidated around 68.30 levels against the US dollar, closing at 68.26. Technically, the USDINR pair is expected to consolidate between 68.30-67.70 before moving higher. Upcoming US economic data on durable goods orders and jobless claims will be watched closely.
The document provides a daily currency report from Private Client Group. It summarizes the movement of major currencies against the Indian rupee. On the day, the rupee consolidated around 68.30 levels against the US dollar, closing at 68.26. Technically, the USDINR pair is expected to consolidate between 68.30-67.70 before moving higher. Upcoming US economic data on durable goods orders and jobless claims will be watched closely.
The document provides a daily currency report from Private Client Group. It summarizes the movement of major currencies against the Indian rupee. On the day, the rupee consolidated around 68.30 levels against the US dollar, closing at 68.26. Technically, the USDINR pair is expected to consolidate between 68.30-67.70 before moving higher. Upcoming US economic data on durable goods orders and jobless claims will be watched closely.
MAJOR CURRENCY VIEW POINT Prev. Close Chg. % Chg. Rupee Would Consolidate Around 68.30 Close USDINR 68.255 68.165 0.09 0.13% The Indian rupee yesterday closed fresh nine month low against the DXY INDX 101.07 100.84 0.23 0.23% EURUSD US dollar on market volatility. This was the seven out of eight 1.0627 1.064 -0.0013 -0.12% GBPUSD sessions when the rupee closed lower. The home currency is 1.2418 1.246 -0.0042 -0.34% USDJPY 111.02 110.78 0.24 0.22% consolidating near Brexit day low. DG USDINR 68.397 68.217 0.18 0.26% The rupee closed at 68.26 a dollara level last seen on 29 February, down 0.13% from its previous close of 68.17. During the day, the GLOBAL INDICES currency touched a low of 68.27 a dollara level last seen on 1 March. The benchmark 10-year government bond yield closed at Prev. 6.31%, compared to Mondays close of 6.311% Close Chg. % Chg. Close The central suspected to have intervened heavily to curb the sharp SGX NIFTY 8058 7990 68 0.85% slide in local currencies on a day when overseas investors sold local NIFTY 8002.3 7929.1 73.2 0.92% securities leading to fund outflows. SENSEX 25960.8 25765.1 195.7 0.76% Technically, USDINR pair likely to consolidate in the range of 68.30 HANG-SENG 22742 22678.1 63.9 0.28% to 67.70 before heading higher. NIKKEI 18163 18162.9 0.1 0.00% Risk Trade Know Dollar Off 13 Year High SHANGHAI 3256.17 3248.4 7.77 0.24% The dollar trades within sight of a 13 year peak today, bolstered S&P INDEX 2202.94 2198.2 4.74 0.22% by strong U.S. housing data that further expectations for a Federal DOW JONES 19024 18956.7 67.3 0.36% Reserve rate hike in December and more tightening next year. NASDAQ 5386 5368.9 17.1 0.32% Yesterday's U.S. home re-sales data show rise of 2% in October to FTSE 6819.7 6778 41.7 0.62% an annual rate of 5.6 million units, the highest level in more than CAC 4548.35 4529.6 18.75 0.41% 9 years. That pushed the dollar to session highs versus the yen DAX 10714 10685.1 28.9 0.27% and drove a turnaround in the dollar index. The buck last stood at 100.98 that was up from Tuesday's low of INSTITUTIONAL ACTIVITY (Provisional Rs. In Cr) 100.65 and not too far from Friday's high of 101.48 - the highest for the dollar index since April 2003. Segment 22-Nov-16 21-Nov-16 The U.S. 10-year Treasury yield US10 stood at 2.319% at Equity -1241.01 -873.11 yesterday's U.S. close, down from Friday's one-year high of 2.364%. Debt -97.63 -1787.56 Later today, the focus will turn to U.S. durable goods orders, weekly jobless as well as the minutes of the Fed's November policy meeting.
PRIVATE CLIENT GROUP [PCG]
TECHNICAL OUTLOOK USDINR NOV. FUTURE DAILY CHART
Technical Observations The USDINR November future consolidates near June high of 68.25. The pair sustained above long term moving averages and forming higher highs and lows indicating medium term bullishness. MACD crossed MACD Average Upward near zero line indicating bullishness. The trade below 68.00 leads to near term profit booking with downside level of 67.70. The pair would continue trading with bullish bias with higher side resistance at 68.85 and support 67.48.
PRIVATE CLIENT GROUP [PCG]
TECHNICAL LEVELS
Near Month Fut. Last Pivot S3 S2 S1 R1 R2 R3 View For The Day
Date Time Country Event Period Survey Actual Prior
11/22/2016 15:00 UK Public Sector Net Borrowing Oct 6.0b 4.3B 10.1b 11/22/2016 20:30 US Richmond Fed Mfg. Index Nov 0 4 -4 11/22/2016 20:30 EC Consumer Confidence Nov A -7.8 -6.1 -8 11/22/2016 20:30 US Existing Home Sales Oct 5.43m 5.60m 5.47m
ECONOMIC EVENTS RELEASED
Date Time Country Event Period Survey Prior 11/23/2016 14:30 EC Markit Eurozone Manufacturing PMI Nov P 53.3 53.5 11/23/2016 17:30 US MBA Mortgage Applications 18-Nov -- -9.20% 11/23/2016 19:00 US Durable Goods Orders Oct P 1.80% -0.30% 11/23/2016 19:00 US Initial Jobless Claims 19-Nov 250k 235k 11/23/2016 19:00 US Continuing Claims 12-Nov 2014k 1977k 11/23/2016 19:30 US House Price Purchase Index QoQ 3Q -- 1.20% 11/23/2016 20:15 US Bloomberg Consumer Comfort 20-Nov -- 45.4 11/23/2016 20:15 US Markit US Manufacturing PMI Nov P 53.5 53.4 11/23/2016 20:30 US New Home Sales Oct 590k 593k 11/23/2016 20:30 US U. of Mich. Sentiment Nov F 91.6 91.6
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