WWW.TRIFIDRESEARCH.

COM
M

R
EE E K L Y
P
O
R
T

18 JAN 22 JAN 2016

Buy on fear, sell on greed.

Buy on the rumor, sell on the news.

The trend is your friend.

Amateurs want to be right.

Professionals want to make money.

MARKET OUTLOOK

MARKET EVENTS
Rupee at fresh 28-month low
vs dollar, down 30 paise at
67.59.
Tumbling oil drives down
commodity currencies, market
inflation gauge.
US producer prices fall in
December on declining energy
costs & Retail Sales decrease
to end weakest since 2009.

CURRENCIES

USDINR

PREVIOUS

CURRENT

RATE

RATE

66.8200

67.7250

Indian Rupee extended its weakness

of previous week and reached
towards more than 2 year lows after
2013 crisis and lost its value
especially in the last two trading
sessions on back of fresh dollar
demand from importers and
continued foreign capital outflows
due to large fall in domestic equities
and weak IIP nos also dismantled the
Indian currency, Crude falling
towards 12 year lows supported the
strength of greenback. Asian
currencies fell up to 3.5% against
dollar in last two weeks on concerns
over devalued Yuan and China
markets while Rupee had relatively
fallen 1.69% so far in two weeks.

KEY RATES As on 15/01/2016

% CHANGE
REFERENCE RATE
(USD)

67.4325

REPO RATE

6.75%

1.35

EURINR

72.7200

73.8750

1.58

REVERSE REPO

5.75%

GBPINR

97.7100

97.1650

-0.55

CRR

4%

JPYINR

56.4700

57.6725

2.12

INFLATION

-0.73%

USDINR

USDINR last week also extended the gains of previous week and momentum in last two sessions
took it off towards 28 months high levels and closed the week on strong note. Now, important
psychological figure ahead is 68.0000 while 67.3000 may act as immediate support and any
closing below it may result in some correction.

EURINR

EURINR last week traded weak in first few sessions but recovered strongly and closed above the
trend line acting as resistance on daily charts. Now, 74.3000 is seen as nearest resistance and it
may act as reversal point for the counter. However, 73.3000-72.7000 is seen as support range for
the counter.

PIVOT TABLE
CURRENCIES

S1

S2

S3

R1

R2

R3

USDINR

67.3000

66.8000

66.3000

68.4000

69.0000

69.5000

EURINR

73.3000

72.4000

71.7000

74.3000

74.7000

75.3000

GBPINR

96.6000

96.0000

95.2000

97.6000

98.3000

99.0000

JPYINR

57.0000

56.3000

55.5000

58.1000

58.6000

59.1000

INTERNATIONAL UPDATES
UK Index of Production, November 2015 increased by 0.9% in
November (YoY).
Retail Sales in U.S. Decrease to End Weakest Year since 2009.
Unemployment Insurance Weekly Claims was 284,000, an
increase of 7,000 from the previous week.
DATE

TIME

COUNTRY

EVENT

BLOOMBERG
ESTIMATE

PREVIOUS
LEVEL

20-JAN-2016

7:00
PM

US

Building Permits

1.20M

1.28M

20-JAN-2016

7:00
PM

US

CPI m/m

0.0%

0.0%

US

Philly Fed
Manufacturing
Index

-3.1

-5.9

US

Unemployment
Claims

281k

284k

7:00
21-JAN-2016
PM
7:00
21-JAN-2016
PM

DISCLAIMER

WWW.TRIFIDRESEARCH.COM