This document provides a summary of economic indicators and currency forecasts for July 29th. It reports retail sales, consumer climate, lending, and home sales data. The rupee appreciated against the dollar while UK growth accelerated. It also lists technical support and resistance levels for various currency pairs against the Indian rupee.
2. TIME CURRENCY DESCRIPTION FORECAST PREVIOUS
5:20am
JPY
Retail Sales y/y 1.1% 3.0%
11:30am
EUR
GfK German Consumer Climate 10.2 10.1
2:00pm
GBP
Net Lending to Individuals m/m 3.0B 3.1B
7:30pm
USD
Pending Home Sales m/m 1.2% 0.9%
11:30pm
USD
FOMC Statement - -
11:30pm
USD
Federal Funds Rate <0.25% <0.25%
Rupee appreciates against US dollar.
U.K. Growth Accelerates to 0.7% as Services, Oil Output Surge.
China share volatility clouds Asia FX outlook, Singapore dlr up.
Dollar rises against safe-haven yen as focus turns to Fed.
Russian rouble hits new 4-month low; oil and strong dollar weigh.
Sterling climbs as UK growth gathers pace in Q2.
UK Index of Services have increased by 2.7% in May 2015 have
increased by 2.7% in May 2015 compared with May 2014.
South Korea won, shares turn higher after China shares cut losses.
News FLASH
Economic calendar – July 29
3. CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 63.8000 63.7000 63.6000 64.0000 64.1000 64.2000
EURINR 70.4000 70.3000 70.2000 70.6000 70.7000 70.8000
GBPINR 99.5000 99.4000 99.3000 99.8000 99.9000 100.0000
JPYINR 51.5000 51.4000 51.3000 51.8000 51.9000 52.0000
USDINR on its daily charts took reversal from higher levels and closed on a weak note which signifies
that selling can be seen below the level of 63.8900.
Pivot table
TECHNICAL VIEW
USDINR
