HSL PCG "Currency Daily": 25 August, 2016

HSL PCG CURRENCY DAILY
25 August, 2016
PRIVATE CLIENT GROUP [PCG]
VIEW POINT
MAJOR CURRENCY
Prev.
Close
67.063
94.539
1.131
1.32
100.24
67.159
Close
USDINR
DXY INDX
EURUSD
GBPUSD
USDJPY
DG USDINR
67.101
94.762
1.127
1.323
100.490
67.141
Chg.
% Chg.
0.039
0.223
-0.004
0.002
0.250
-0.018
0.06%
0.24%
-0.37%
0.19%
0.25%
-0.03%
GLOBAL INDICES
Prev.
Close
Close
SGX NIFTY
NIFTY
SENSEX
HANG-SENG
NIKKEI
SHANGHAI
S&P INDEX
DOW JONES
NASDAQ
FTSE
CAC
DAX
8727.5
8650.3
28059.9
22843.1
16555.1
3061.7
2175.4
18481.5
5217.7
6835.8
4435.5
10623.0
8702.5
8632.6
27990.2
22820.8
16597.3
3085.9
2186.9
18547.3
5260.1
6868.5
4421.5
10592.9
INSTITUTIONAL ACTIVITY
Chg.
% Chg.
25
18
70
22
-42
-24
-11
-66
-42
-33
14
30
0.29%
0.21%
0.25%
0.10%
-0.25%
-0.78%
-0.52%
-0.35%
-0.81%
-0.48%
0.32%
0.28%
(Provisional Rs. In Cr)
Segment
24-Aug-16
23-Aug-16
Equity
6.25
-113.12
Debt
691.29
-1213.83
RUPEE CONSOLIDATING IN TIGHT RANGE

The weakness in the rupee was mirrored by all emerging market
currencies, with most of them falling in the range of 0.15-0.85% on
Wednesday from their previous close. Rupee closed at 67.10 per
dollar, down 0.06% from its previous close of 67.06. The rupee
opened at 67.15 per dollar and touched a high and a low of 67.09
and 67.16, respectively. This was the fourth out of five trading
sessions that the rupee closed lower.
The 10-year bond yield closed at 7.135%, compared with its
Tuesdays close of 7.159%. Between 10 August and 23 August,
foreign institutional investors have sold $422.08 million in debt
markets. Bond yield closed lower ahead of the Reserve Bank of
Indias (RBIs) measures on financial markets to be announced on
Thursday.
USDINR August future is consolidating between 66.80 to 67.50
range. Technically, the pair is in the lower top lower bottom
formation.
Dollar Steady After Weaker Existing Home Sales Data
Existing home sales in the U.S. tumbled by much more than
anticipated in the month of July. NAR said existing home sales
slumped 3.2 percent to an annual rate of 5.39 million in July from
5.57 million in June. With the steep monthly decline, existing home
sales are down by 1.6 percent compared to the same month a year
ago, reflecting the first year-over-year drop since November of
2015.
Futures markets on Wednesday were indicating an 18 percent
chance the U.S. central bank would hike rates at its policy meeting
next month, and roughly 50 percent odds of a rate increase in
December, according to CME Group's Fed-Watch tool.
Durable goods orders and weekly jobless claims are scheduled for
Thursday, while GDP, international trade and consumer sentiment
are slated for Friday.
Forex market likely to remain steady today ahead of the world

central bank meet at Jackson Hole.
TECHNICAL OUTLOOK
USDINR AUGUST FUTURE DAILY CHART
Technical Observations
The pair is consolidating between 50 and 200 SDMA.
Lower Tops and Lower Bottoms intact on daily chart.
Momentum Oscillators are consolidating near beak even level.
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
67.16
67.17
67.03
67.08
67.12
67.20
67.25
67.29
EURINR
75.70
75.77
75.38
75.53
75.61
75.85
76.01
76.09
GBPINR
88.91
88.76
87.94
88.16
88.54
89.13
89.35
89.73
JPYINR
66.99
66.95
66.60
66.71
66.85
67.10
67.20
67.34
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
67.04
66.92
67.17
66.96
66.98
EURINR
75.98
74.78
76.15
73.63
77.49
70.24
75.87
74.81
74.91
75.21
74.22
GBPINR
88.09
86.16
90.20
86.16
104.26
86.16
88.23
87.70
89.57
93.02
95.26
JPYINR
67.00
65.96
67.08
62.64
68.11
53.32
66.84
65.97
65.29
63.39
60.38
CURRENCY MOVEMENT
Open
High
Low
Close
Chg.
Open
Interest
Chg. in OI
Volume
Chg. In
Volume
SPOT USDINR
67.15
67.16
67.09
67.10
0.04
--
--
--
--
USDINR Aug FUT.
67.20
67.22
67.13
67.16
0.04
1205409
-65144
662827
-146910
SPOT EURINR
75.87
75.90
75.66
75.68
-0.37
--
--
--
--
EURINR Aug FUT.
75.93
75.93
75.69
75.70
-0.37
43915
-8324
44118
10143
SPOT GBPINR
88.52
88.92
88.38
88.83
0.40
--
--
--
--
GBPINR Aug FUT.
88.38
88.98
88.38
88.91
0.35
33894
-956
66089
-2903
SPOT JPYINR
66.80
67.05
66.78
66.98
0.04
--
--
--
--
JPYINR Aug FUT.
66.93
67.06
66.81
66.99
0.01
50623
-4250
36178
-7971
Currency
ECO. DATA RELEASED

Date Time
Country
Event
08/24/2016 10:30
JN
Leading Index CI
08/24/2016 16:30
US
MBA Mortgage Applications
08/24/2016 18:30
US
08/24/2016 19:30
US
Period
Survey
Actual
Prior
Jun F
--
99.2
98.4
19-Aug
--
-2.10
-4.00%
House Price Purchase Index QoQ
2Q
--
1.20%
1.50%
Existing Home Sales
Jul
5.50m
5.39m
5.57m
ECO. DATA TODAY

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
Prior
Jul P
3.40%
-3.90%
Initial Jobless Claims
20-Aug
265k
262k
US
Continuing Claims
13-Aug
2155k
2175k
08/25/2016 19:15
US
Markit US Services PMI
Aug P
51.8
51.4
08/25/2016 19:15
US
Markit US Composite PMI
Aug P
--
51.8
08/25/2016 19:15
US
Bloomberg Consumer Comfort
21-Aug
--
43.6
08/25/2016 20:30
US
Kansas City Fed Manf. Activity
Aug
-2
-6
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": 25 August, 2016

Uploaded by

Copyright:

Available Formats

HSL PCG "Currency Daily": 25 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": 25 August, 2016

Uploaded by

Copyright:

Available Formats

HSL PCG CURRENCY DAILY

PRIVATE CLIENT GROUP [PCG]

(Provisional Rs. In Cr)

RUPEE CONSOLIDATING IN TIGHT RANGE

Forex market likely to remain steady today ahead of the world

PRIVATE CLIENT GROUP [PCG]

The pair is consolidating between 50 and 200 SDMA.

Lower Tops and Lower Bottoms intact on daily chart.

Momentum Oscillators are consolidating near beak even level.

PRIVATE CLIENT GROUP [PCG]

USDINR Aug FUT.

EURINR Aug FUT.

GBPINR Aug FUT.

JPYINR Aug FUT.

PRIVATE CLIENT GROUP [PCG]

ECO. DATA RELEASED

MBA Mortgage Applications

House Price Purchase Index QoQ

Existing Home Sales

ECO. DATA TODAY

Durable Goods Orders

Initial Jobless Claims

Markit US Services PMI

Markit US Composite PMI

Bloomberg Consumer Comfort

Kansas City Fed Manf. Activity

PRIVATE CLIENT GROUP [PCG]

Technical Analyst: Vinay Rajani ([email protected])

PRIVATE CLIENT GROUP [PCG]

You might also like