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2. TIME CURRENCY DESCRIPTION FORECAST PREVIOUS
05:20am
JPY
Core Machinery Orders m/m 1.6% -0.4%
10:00am
JPY
Revised Industrial Production m/m -0.3% -0.3%
11:30am USD
FOMC Member Evans Speaks - -
12:45pm CHF
Retail Sales y/y -2.0% -2.7%
01:30pm EUR
Italian Trade Balance 2.47B
3.54B
07:30pm USD
NAHB Housing Market Index 57 56
Rupee sees smart recovery, firms up against US dollar.
Dollar strengthens broadly ahead of U.S. economic reports.
Pound edges down from 6-month peak vs. stronger dollar.
EUR/USD pulls away from 3-month peak ahead of U.S. data.
Yen weaker as corporate goods prices drop, Kuroda ahead.
Dollar index remains at multi-month lows after U.S. data.
US Unemployment Insurance Weekly Claims was 264,000, a
decrease of 1,000 from the previous week's unrevised level.
US Producer Price Index for final demand fell 0.4% in April.
NZD has had a dip as the Fonterra news announcement hit.
News FLASH
Economic calendar - May 18
3. CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 63.5000 63.4000 63.3000 63.7000 63.8000 63.9000
EURINR 72.1000 72.0000 71.9000 72.4000 72.5000 72.6000
GBPINR 99.8000 99.7000 99.6000 100.2000 100.3000 100.4000
JPYINR 52.9000 52.8000 52.7000 53.2000 53.3000 53.4000
USDINR on daily charts showed three day consecutive fall and closed on lower side, hence further selling
can be seen if it holds below the level of 63.5600.
Pivot table
TECHNICAL VIEW
USDINR