Daily Market Reflection

16th May 2016

USDINR

Market Outlook
Rupee depreciated in early trade over increased demand of greenback
and weak opening of domestic equity markets on back weak IIP and
increased Inflation data (CPI) which were released the previous evening.
However, the US dollar's weakness against some currencies overseas
capped the losses.
The dollar hit a two-week high against a basket of currencies on Friday,
posting its best fortnightly performance since February, bolstered by the
views of U.S Fed. Another major event of the day was the German
economy gained pace at the start of this year.
Fundamental News
FederalRupee
Reserve
is 17
stillpaise
on track
todollar
raise inrates
tanks
against
earlybefore
trade. any other major
central bank.best fortnightly performance since February, bolstered by
Dollar hits two-week high on rate hike bets.
the view that the U.S.
Won leads Asia FX losses on Korea rate cut bets.
German Consumer prices in April 2016: 0.1% on April 2015.
Gross is
Domestic
(0.9%)major
FederalItaly
Reserve
still on Product
track to(YoY)
raiseabove
rates expectations
before any other
in
1Q:
Actual
(1%).
central b

Date

Date

12-05-16

13-05-16

USDINR

66.8100

66.9300

+0.18%

EURINR

76.1825

76.0325

-0.20%

GBPINR

96.7225

96.5600

-0.17%

JPYINR

61.2000

61.4775

+0.45%

% Chg

Currency

Event

Forecast

Previous

4:31am

GBP

Rightmove HPI m/m

1.3%

5:20am

JPY

PPI y/y

-3.8%

JPY

Prelim Machine Tool

Orders y/y
German Buba Monthly
Report
Empire State
Manufacturing Index
NAHB Housing Market
Index

-21.2%

9.6

58

11:30am
Tentative
6:00pm
7:30pm

EUR
USD
USD

Date
Date
12-05-16 13-05-16
66.5977
66.7609
76.0612
75.7202
96.1538
96.1557
61.1600
61.4700

USDINR
EURINR
GBPINR
JPYINR

%
Change
+0.24%
-0.44%
+0.01%
+0.50%

Currencies vs $
Currency

Close
(5:00pm)
66.7663
94.3330
1.1344
1.4411
108.89

Prev
Close
66.6250
94.1500
1.1374
1.4438
108.78

% Chg
+0.21%
+0.19%
-0.26%
-0.18%
+0.10%

Global Commodities

Event Calendar (16th May 2016)

Time

Currency

Rupee
Dollar Index
Euro
Pound
Japanese Yen

Currency Future
Currency

Reference Rate

Commodity
Gold
Silver
Crude
Copper

Close
1273.68
17.05
45.96
2.0673

Prev.Close
1269.09
17.03
46.19
2.0708

% Chg
+0.36%
+0.11%
-0.49%
-0.16%

Our Previous calls update

Intraday super star
Date
Currency Entry
13/05 JPYINR
Trifid special

Exit
-

Date
Currency Entry Exit
10/05
GBPINR For our next calls click here..

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

P/L
P/L
-

Overview
USDINR

EURINR

USDINR opened higher on Rupee depreciation due to weak

domestic data of economic growth such as IIP and CPI; and
finally closed higher.

EURINR dragged down during the intraday session and closed

on weak note as it took resistance at higher side on daily
charts.

It was able to sustain higher and inched towards 67.0000 mark.

On lower side, holding below 66.8000 can be a weak sign for
the counter.

Now, if it is able to sustain below 76.0000 then it may move

towards the trend line acting as good support i.e. around
75.7500.

R1
67.1000

R1

R2

S1

S2

76.1000

76.3000

75.8000

75.6000

R2
67.2000

S1
66.8000

S2
66.7000

GBPINR

JPYINR

GBPINR was unable to gain momentum on higher side rather

closed in red territory.

JPYINR opened higher despite of short term weak trend as

seen on daily chart and closed in green.

The trend line so coming on daily charts from recent highs can
be a breakout point if the counter surpasses 96.8500 level and
on lower side 96.3000 is acting as important support.

In coming session, if it sustains below 61.4500 then it may

further drag down and continue the weak trend while 61.7000
is seen as resistance on higher side.

R1
96.6000

R1
61.6000

R2
96.8000

S1
96.3000

S2
96.1000

R2
61.8000

S1
61.3000

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

S2
61.1000

Intraday Super Star

(Premium Section)

Currency broke the important support of on daily charts and closed around it. The pair still looks weak and sell offs can continue if
it holds below the mentioned level.
**** TARGETS ****/**** SL ****. For complete call subscribe our premium reports.

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

Trifid Special
(Premium Section)

Currency closed higher as compared to its weak opening which recommends that buying on dips can be seen in the counter.
Hence, buying momentum can be seen in it in coming few sessions.
**** TARGET **** SL ****. For complete call subscribe our premium reports.

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

DISCLAIMER
Trifid Research respects and values the Right to Policy of each and every individual. We are esteemed
by the relationship and by becoming our clients; you have a promise from our side that we shall
remain loyal to all our clients and non-clients whose information resides with us. This Privacy Policy
of Trifid Research applies to the current clients as well as former clients. Below are the word by word
credentials of our Privacy Policy:
1. Your information, whether public or private, will not be sold, rented, exchanged, transferred
or given to any company or individual for any reason without your consent.
2. The only use we will be bringing to your information will be for providing the services to you
for which you have subscribed to us.
3. Your information given to us represents your identity with us. If any changes are brought in
any of the fields of which you have provided us the information, you shall bring it to our
notice by either calling us or dropping a mail to us.
4. In addition to the service provided to you, your information (mobile number, E-mail ID etc.)
can be brought in use for sending you newsletters, surveys, contest information, or
information about any new services of the company which will be for your benefit and while
subscribing for our services, you agree that Trifid Research has the right to do so.
5. By subscribing to our services, you consent to our Privacy Policy and Terms of Use.
6. Trifid research does not guarantee or is responsible in any which way, for the trade execution
of our recommendations, this is the sole responsibility of the client.
7. Due to the markets volatile nature, the trader may/ may not get appropriate opportunity to
execute the trades at the mentioned prices and Trifid Research holds no liability for any
profit/ loss incurred whatsoever in this case.
8. It is the responsibility of the client to view the report timely from our Premium member
section on our website: www.trifidresearch.com and the same will also be mailed to this
registered email id.
9. Trifid research does not hold any liability or responsibility of delay in mail delivery of
reports, as this depends on our mail service providers network infrastructure.
10. The clients can call us for any query related to buying/selling the securities, based on our
recommendations.

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