Currency Research Desk Currency Insight 2013 Monday, 02 February 2015 -0.46% EURINR YTD USDINR YTD , 2013 USD/INR-NSE Contract S2 Feb 61.8500 S1 62.0450 -17.44% GBPINR YTD Close 62.2400 R1 62.3925 R2 62.5450  US dollar continued with the seven month advance unfazed by the lacklustre GDP data released on Friday. US dollar index is trading at 94.72.  Euro is expected to open on a negative to flat note in the Indian markets and is trading at 1.1319 in the international market.  Pound remained largely range bound after disappointing economic data last week and is trading at 1.5083.  Japanese Yen has appreciated this morning as weak PMI data from China and weak growth outlook from the US helped prop up the safe haven currency. -11.21% Recommendation BUY at 62.24-62.22 TGT 62.47 SL below 62.10 USDINR Jan Fut Technical Chart and Outlook Global Markets Review Global Currencies Markets -9.08% JPYINR YTD Global Commodity Markets  Crude oil had a volatile session on Friday breaching the $48.00 mark and is currently trading at $46.79.  Metals had a positive session on Friday and were unfazed by the US data but Weak China PMI data this morning is putting pressure on this sector.  Gold prices rebounded after the US economic data on Friday making a high of $1282.00 and currently trading at $1279.38. Global Bonds Markets Summary Candle Stick Candlestick pattern is exhibiting signs of optimism SMAs or EMAs Global Equity Markets  US equity markets dropped by 1.3% on Friday after the less  Indian 10 year benchmark than expected performance of bond yields decreased to 7.69 the US GDP. on Friday.  Asian stocks are trading on a negative note following the US  US bond yields fell by 1.04% markets and weak economic on Friday to 1.663. data released from China this morning. Fundamental Outlook Negative economic data from the US markets on Friday, followed by the Weak HSBC PMI data this morning are raising fears about global growth and are likely to put pressure on the Indian equity markets and Rupee this morning. Manufacturing PMI data from Germany, Euro Zone and UK would need to be watched out for during today’s session. We expect rupee to be trading on a weak note this morning but the depreciation to be limited. Bullish/ Bearish/ Mixed Technical Tools Mother Chart Analysis Other Indicators Overall Intraday Bias Major EMAs of 8-13-21 days are still moving downward Daily chart is positive signs corrective fall pending ahead of of rally seen showcasing however a towards is continuation Stochastic indicator on daily chart is yet to confirm the positive turn around Price still has optimism intact however may find resistance near 62.6-62.7 Reference Rates Pair LAST 1 Day ago % Change USD/INR 61.50 61.41 0.15 GBP/INR 93.12 93.18 -0.07 JPY/INR 100 52.25 52.06 0.36 EUR/INR 69.33 69.82 -0.71 Mail Us at [email protected] Currency Research Desk 1 Currency Insight Pair Contract S2 S1 Close R1 R2 Recommendation Feb Feb Feb 70.0367 93.1642 52.3542 70.3283 93.4883 52.6233 70.6200 93.8125 52.8925 70.8233 94.0633 53.0783 71.0267 94.3142 53.2642 Range 70.85- 70.40 Sell at 94.26-94.28 TGT 93.80 Sl 94.44 Range 53.10-52.60 EUR/INR-NSE GBP/INR-NSE JPY/INR-NSE Technical Charts USD Index EURINR Jan Futures GBPINR Jan Futures JPYINR Jan Futures Asian Currency Pairs Currency Debt Market Information LAST GIND5YR Index INDICATORS % Change LAST 1 Day ago % Change Chinese Yuan 9.8980 9.9050 -0.07 LIBOR 1Mth 0.1713 0.1709 0.20 Hongkong Dollar 7.9810 7.9820 -0.01 LIBOR 3Mth 0.2531 0.2546 -0.59 #DIV/0! Indonesian Rupiah 0.4883 0.4918 -0.71 MIBOR 1Mth 0.0000 0.0000 Myanmar Ringgit 17.0468 17.0518 -0.03 MIBOR 3Mth 0.0500 0.0500 0.00 Philipinnes Peso 1.4024 1.4034 -0.07 U.S. 5Yr Bond Yield 1.1548 1.2698 -9.06 Singapore Dollar 45.7255 45.7578 -0.07 U.S. 10Yr Bond Yield 1.6407 1.7512 -6.31 Taiwan Dollar 1.9631 1.9688 -0.29 India 10Yr Bond Yield 7.6920 7.7130 -0.27 Thailand Baht 1.8892 1.8876 0.09 Call Rate 7.7500 6.7800 14.31 Currency Research Desk Mail Us at [email protected] 2 Currency Insight Economic Data For The Day Date Time Country/Region Event Period 02/02/15 10:30 IN HSBC India Manufacturing PMI Jan 02/02/15 14:25 GE Markit/BME Germany Manufacturing PMI 02/02/15 14:30 EC 02/02/15 15:00 Surv(M) Prior -- 54.5 Jan F 51.0 51.0 Markit Eurozone Manufacturing PMI Jan F 51.0 51.0 UK Markit UK PMI Manufacturing SA Jan 52.8 52.5 02/02/15 19:00 US Personal Income Dec 0.2% 0.4% 02/02/15 19:00 US Personal Spending Dec -0.2% 0.6% 02/02/15 20:15 US Markit US Manufacturing PMI Jan F 54.0 53.7 02/02/15 20:30 US Construction Spending MoM Dec 0.8% -0.3% 02/02/15 20:30 US ISM Manufacturing Jan Forward Market (Onshore & Offshore) FORWARDS LAST 1 Day ago 5480.0% 5550.0% Major World Indices % Change Annu(%) INDICES LAST 1 Day ago % Change 1-Mth Forward 62.4935 62.1608 0.54 0.54% Nifty 8808.90 8952.35 -1.60 3-Mth Forward 63.3338 63.0196 0.50 1.50% Sensex 29182.95 29681.77 -1.68 6-Mth Forward 64.4035 64.0958 0.48 2.88% Nasdaq 4635.24 4683.41 -1.03 12-Mth Forward 66.4060 66.1183 0.44 5.22% Dow jones Industrial 17164.95 17416.85 -1.45 1-Mth NDF 62.4300 62.0400 0.63 0.63% Shanghai Composite 3210.36 3262.31 -1.59 3-Mth NDF 62.9400 62.6400 0.48 1.44% Nikkei 225 17674.39 17606.22 0.39 6-Mth NDF 63.8300 63.4700 0.57 3.40% HangSeng 24507.05 24595.85 -0.36 12-Mth NDF 65.6100 65.2200 0.60 7.18% Ftse Index 6749.40 6810.60 -0.90 Prepared by:Aurobinda Prasad ([email protected]) – Research Head Jitendra K Parashar ([email protected]) – Technical Analyst Rakesh K Chelapareddy ([email protected]) – Fundamental Analyst Disclaimer The information and views presented in this report are prepared by Karvy Stock Broking Limited. 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