HSL PCG "Currency Daily": 26 August, 2016

HSL PCG CURRENCY DAILY
26 August, 2016
PRIVATE CLIENT GROUP [PCG]
VIEW POINT
MAJOR CURRENCY
Prev.
Close
67.101
94.678
1.128
1.319
100.46
67.056
Close
USDINR
DXY INDX
EURUSD
GBPUSD
USDJPY
DG USDINR
67.055
94.659
1.129
1.321
100.510
67.029
Chg.
% Chg.
-0.046
-0.019
0.001
0.002
0.050
-0.027
-0.07%
-0.02%
0.08%
0.11%
0.05%
-0.04%
GLOBAL INDICES
Prev.
Close
Close
SGX NIFTY
NIFTY
SENSEX
HANG-SENG
NIKKEI
SHANGHAI
S&P INDEX
DOW JONES
NASDAQ
FTSE
CAC
DAX
8660.0
8592.2
27835.9
22947.6
16448.0
3081.0
2172.5
18448.4
5212.2
6816.9
4406.6
10529.6
8641.5
8650.3
28059.9
22815.0
16556.0
3068.3
2175.4
18481.5
5217.7
6835.8
4435.5
10623.0
INSTITUTIONAL ACTIVITY
Chg.
% Chg.
19
-58
-224
133
-108
13
-3
-33
-5
-19
-29
-93
0.21%
-0.67%
-0.80%
0.58%
-0.65%
0.41%
-0.14%
-0.18%
-0.11%
-0.28%
-0.65%
-0.88%
(Provisional Rs. In Cr)
Segment
25-Aug-16
24-Aug-16
Equity
-32.57
6.25
Debt
-367.65
691.29
RUPEE STRENGTHEN AHEAD OF US FED CHAIR JANET YELLEN

STATEMENT
Indian rupee gains against US dollar on Thursday following
exporter and banks selling. Investors also turned cautious awaiting
US Federal Reserve chair Janet Yellens speech, which could
provide a clue on further interest rates hike or cut. Besides, a
weakness in US greenback against some major currencies overseas
too supported the rupee.
The home currency closed at 67.06 per dollar, up 0.07% from` its
previous close of 67.10. The rupee opened at 67.08 per dollar and
touched a high and a low of 67.05 and 67.11 respectively. The 10year bond yield was trading at 7.123%, compared with its
Wednesdays close of 7.135%. Bond yields and prices move in
opposite directions.
USDINR near month future has been consolidating in range of
66.80 to 67.49. The USDINR August contract expiry might settle in
the range 66.90 -67.20 on 29th August.
Dollar Inches Lower Ahead Of Yellen Speech
The dollar index, which gauges the greenback against a basket of
six major counterparts, edged down 0.1% to 94.718, on track for a
modest gain of 0.2% for the week. The dollar remained on
tenterhooks on Friday, ahead of Federal Reserve Chair Janet
Yellen's highly anticipated speech later in the session that some
believe could provide clarity on whether U.S. interest rates are
headed higher this year.
Data overnight reinforced recent upbeat assessments of the U.S.
economy. New orders for U.S. manufactured capital goods rose for
a second straight month in July as demand for machinery and a
range of other products picked up, while the number of Americans
filing for unemployment benefits unexpectedly dropped. The
release of the U.S. data, futures markets were indicating a 24%
chance the Fed will hike rates at its policy meeting next month and
a roughly 57% chance of an increase in December, according to
the CME Group's Fed-Watch.
TECHNICAL OUTLOOK
USDINR AUGUST FUTURE DAILY CHART
Technical Observations
The pair is resisting around 50 SDMA. It broken 200 SDMA support in Thursdays session.
Lower Tops and Lower Bottoms intact on daily chart.
Momentum Oscillators heading lower.
Recent bottom of 66.72 is strong support, while resistance for the same is placed at 67.49.
TECHNICAL LEVELS
Aug Month
Last
Pivot
S3
S2
S1
R1
R2
R3
USDINR
67.06
67.08
66.90
66.97
67.01
67.12
67.19
67.23
EURINR
75.67
75.64
75.40
75.47
75.57
75.74
75.81
75.91
GBPINR
88.50
88.58
88.00
88.22
88.36
88.72
88.94
89.08
JPYINR
66.73
66.76
66.45
66.56
66.65
66.85
66.96
67.05
Spot
Wkly
High
Wkly
Low
1-Mth.
High
1-Mth.
Low
52 Wk
High
52 Wk
Low
5 DMA
20 DMA
50 DMA
100 DMA
200 DMA
USDINR
67.06
66.74
67.43
66.67
68.79
64.70
67.09
66.91
67.16
66.97
66.99
EURINR
75.98
74.78
76.15
73.63
77.49
70.24
75.87
74.90
74.91
75.22
74.24
GBPINR
88.09
86.16
90.20
86.16
103.52
86.16
88.36
87.71
89.44
92.96
95.20
JPYINR
67.00
65.96
67.08
62.64
68.11
53.32
66.86
66.10
65.34
63.44
60.45
CURRENCY MOVEMENT
Open
High
Low
Close
Chg.
Open
Interest
Chg. in OI
Volume
Chg. In
Volume
SPOT USDINR
67.08
67.11
67.01
67.06
-0.05
--
--
--
--
USDINR Aug FUT.
67.12
67.14
67.03
67.06
-0.11
1102263
-98982
534811
-128016
SPOT EURINR
75.63
75.74
75.54
75.68
0.00
--
--
--
--
EURINR Aug FUT.
75.68
75.71
75.54
75.67
-0.04
43744
-121
30492
-13626
SPOT GBPINR
88.72
88.78
88.41
88.50
-0.33
--
--
--
--
GBPINR Aug FUT.
88.77
88.80
88.44
88.50
-0.44
30347
-3087
42046
-24043
SPOT JPYINR
66.79
66.85
66.73
66.76
-0.22
--
--
--
--
JPYINR Aug FUT.
66.88
66.88
66.68
66.73
-0.26
42308
-8207
33278
-2900
Currency
ECO. DATA RELEASED

Date Time
Country
Event
08/25/2016 18:00
US
Durable Goods Orders
08/25/2016 18:00
US
08/25/2016 18:00
Period
Survey
Actual
Prior
Jul P
3.40%
4.40%
-4.20%
Initial Jobless Claims
20-Aug
265k
261k
262k
US
Continuing Claims
13-Aug
2155k
2145k
2175k
08/25/2016 19:15
US
Markit US Services PMI
Aug P
51.8
50.9
51.4
08/25/2016 19:15
US
Markit US Composite PMI
Aug P
--
51.5
51.8
08/25/2016 19:15
US
Bloomberg Consumer Comfort
21-Aug
--
45.3
43.6
08/25/2016 20:30
US
Kansas City Fed Manf. Activity
Aug
-2
-4
-6
ECO. DATA TODAY

Date Time
Country
Event
08/26/2016 14:00
UK
GDP QoQ
2Q P
0.60%
0.60%
08/26/2016 14:00
UK
GDP YoY
2Q P
2.20%
2.20%
08/26/2016 14:00
UK
Private Consumption QoQ
2Q P
0.80%
0.70%
08/26/2016 14:00
UK
Exports QoQ
2Q P
0.70%
-0.40%
08/26/2016 14:00
UK
Imports QoQ
2Q P
0.80%
0.10%
08/26/2016 18:00
US
Wholesale Inventories MoM
Jul P
0.10%
0.30%
08/26/2016 18:00
US
GDP Annualized QoQ
2Q S
1.10%
1.20%
08/26/2016 18:00
US
Personal Consumption
2Q S
4.20%
4.20%
08/26/2016 18:00
US
GDP Price Index
2Q S
2.20%
2.20%
08/26/2016 18:00
US
Core PCE QoQ
2Q S
1.70%
1.70%
08/26/2016 19:30
US
U. of Mich. Sentiment
Aug F
90.8
90.4
Period
Survey
Prior
Technical Analyst: Vinay Rajani ([email protected])

Currency Analyst: Dilip Parmar([email protected])
HDFC securities Limited, I Think Techno Campus, Building - B, "Alpha", Office Floor 8, Near Kanjurmarg Station, Opp. Crompton Greaves, Kanjurmarg (East), Mumbai 400 042
HDFC securities Limited, 4th Floor, Astral Tower, Above HDFC Bank Ltd, Nr.Mithakhali Six Roads, Navrangpura, Ahmedabad 380009.
Phone: (079)66070168, Website: www.hdfcsec.com Email: [email protected]
Disclosure:
I/We, Dilip Parmar and Vinay Rajani, MBA, hereby certify that all of the views expressed in this research report accurately reflect my views about the subject issuer (s) or securities. I also certify that no part of our
compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in his report.
Research Analyst or his/her relative does not have any financial interest in the subject company. Also HDFC Securities Ltd. or its Associate may have beneficial ownership of 1% or more in the subject instrument at the end of
the month immediately preceding the date of publication of the Research Report.
Further Research Analyst or his relative or HDFC Securities Ltd. or its associate does not have any material conflict of interest.
Any position in Instruments NO
Disclaimer:
This report has been prepared by HDFC Securities Ltd and is meant for sole use by the recipient and not for circulation. The information and opinions contained herein have been compiled or arrived at, based upon information
obtained in good faith from sources believed to be reliable. Such information has not been independently verified and no guaranty, representation of warranty, express or implied, is made as to its accuracy, completeness or
correctness. All such information and opinions are subject to change without notice. This document is for information purposes only. Descriptions of any company or companies or their securities mentioned herein are not
intended to be complete and this document is not, and should not be construed as an offer or solicitation of an offer, to buy or sell any securities or other financial instruments.
This report is not directed to, or intended for display, downloading, printing, reproducing or for distribution to or use by, any person or entity who is a citizen or resident or located in any locality, state, country or other
jurisdiction where such distribution, publication, reproduction, availability or use would be contrary to law or regulation or what would subject HDFC Securities Ltd or its affiliates to any registration or licensing requirement
within such jurisdiction.
If this report is inadvertently send or has reached any individual in such country, especially, USA, the same may be ignored and brought to the attention of the sender. This document may not be reproduced, distributed or
published for any purposes without prior written approval of HDFC Securities Ltd.
Foreign currencies denominated securities, wherever mentioned, are subject to exchange rate fluctuations, which could have an adverse effect on their value or price, or the income derived from them. In addition, investors in
securities such as ADRs, the values of which are influenced by foreign currencies effectively assume currency risk.
It should not be considered to be taken as an offer to sell or a solicitation to buy any security. HDFC Securities Ltd may from time to time solicit from, or perform broking, or other services for, any company mentioned in this
mail and/or its attachments.
HDFC Securities and its affiliated company(ies), their directors and employees may; (a) from time to time, have a long or short position in, and buy or sell the securities of the company(ies) mentioned herein or (b) be
engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company(ies) discussed herein or act as an advisor or
lender/borrower to such company(ies) or may have any other potential conflict of interests with respect to any recommendation and other related information and opinions.
HDFC Securities Ltd, its directors, analysts or employees do not take any responsibility, financial or otherwise, of the losses or the damages sustained due to the investments made or any action taken on basis of this report,
including but not restricted to, fluctuation in the prices of shares and bonds, changes in the currency rates, diminution in the NAVs, reduction in the dividend or income, etc.
HDFC Securities Ltd and other group companies, its directors, associates, employees may have various positions in any of the stocks, securities and financial instruments dealt in the report, or may make sell or purchase or
other deals in these securities from time to time or may deal in other securities of the companies / organizations described in this report.
HDFC Securities or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other assignment in the past twelve
months.
HDFC Securities or its associates might have received any compensation from the companies mentioned in the report during the period preceding twelve months from the date of this report for services in respect of managing
or co-managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction in the normal course of business.
HDFC Securities or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither HDFC
Securities nor Research Analysts have any material conflict of interest at the time of publication of this report. Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or
brokerage service transactions. HDFC Securities may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
Research entity has not been engaged in market making activity for the subject company. Research analyst has not served as an officer, director or employee of the subject company. We have not received any
compensation/benefits from the Subject Company or third party in connection with the Research Report.
This report has been prepared by the PCG team of HDFC Securities Ltd. The views, opinions, estimates, ratings, target price, entry prices and/or other parameters mentioned in this document may or may not match or may
be contrary with those of the other Research teams (Institutional, Retail) of HDFC Securities Ltd.
"HDFC Securities Ltd. is a SEBI Registered Research Analyst having registration no. INH000002475.

HSL PCG "Currency Daily": 26 August, 2016

Uploaded by

Copyright:

Available Formats

HSL PCG "Currency Daily": 26 August, 2016

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

HSL PCG "Currency Daily": 26 August, 2016

Uploaded by

Copyright:

Available Formats

HSL PCG CURRENCY DAILY

PRIVATE CLIENT GROUP [PCG]

(Provisional Rs. In Cr)

PRIVATE CLIENT GROUP [PCG]

RUPEE STRENGTHEN AHEAD OF US FED CHAIR JANET YELLEN

Lower Tops and Lower Bottoms intact on daily chart.

Momentum Oscillators heading lower.

PRIVATE CLIENT GROUP [PCG]

USDINR Aug FUT.

EURINR Aug FUT.

GBPINR Aug FUT.

JPYINR Aug FUT.

PRIVATE CLIENT GROUP [PCG]

ECO. DATA RELEASED

Durable Goods Orders

Initial Jobless Claims

Markit US Services PMI

Markit US Composite PMI

Bloomberg Consumer Comfort

Kansas City Fed Manf. Activity

ECO. DATA TODAY

Private Consumption QoQ

Wholesale Inventories MoM

GDP Annualized QoQ

GDP Price Index

Core PCE QoQ

PRIVATE CLIENT GROUP [PCG]

Technical Analyst: Vinay Rajani ([email protected])

PRIVATE CLIENT GROUP [PCG]

You might also like