This document provides a daily currency forecast and news update. It summarizes recent currency movements such as the rupee depreciating against the US dollar and China's yuan steadying. It also lists upcoming economic reports including comments from the US Treasury Secretary and monetary policy meeting minutes from Australia. Technical analysis of GBPINR suggests it may fall further if it remains below the level of 98.9600.
2. TIME CURRENCY DESCRIPTION FORECAST PREVIOUS
12:00am
USD
Treasury Sec Lew Speaks - -
7:00am
AUD
Monetary Policy Meeting Minutes - -
21st-24th
CNY
Foreign Direct Investment ytd/y - 10.1%
11:30am
CHF
Trade Balance 2.78B 3.43B
2:00pm
GBP
Public Sector Net Borrowing 8.6B 9.4B
Rupee depreciates against US dollar.
China's yuan steadies as central bank keeps guidance rate
unchanged.
Dollar hits three-month high on inflation, housing data; Aussie hits
6-year low.
New Zealand dollar recovers after PM weighs in.
German Producer prices in June 2015: –1.4% on June 2014.
Current account of the euro area recorded a surplus of €18.0 billion
in May 2015.
USD/CAD offered closer to 1.30 as gold recovers losses.
News FLASH
Economic calendar – July 21
3. CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 63.6000 63.5000 63.4000 63.9000 64.0000 64.1000
EURINR 69.0000 68.9000 68.8000 69.2500 69.4000 69.5000
GBPINR 98.9000 98.8000 98.7000 99.2000 99.3000 99.4000
JPYINR 51.2000 51.1000 51.0000 51.4000 51.5000 51.6000
GBPINR on its daily charts had been reversing from resistance levels and closed on lower side suggesting
bears to follow if it sustains below the level of 98.9600.
Pivot table
TECHNICAL VIEW
GBPINR
