Forex Tips and Recommended For Today
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- The document provides forecasts and previous values for various economic indicators from Germany, the UK, and the US on July 7th. It also summarizes recent currency movements for the rupee, euro, and rouble in response to events in Greece and oil prices. Additionally, it outlines technical support and resistance levels for certain currency pairs.
Forex Tips and Recommended For Today
- 2. TIME CURRENCY DESCRIPTION FORECAST PREVIOUS 11:30am EUR German Industrial Production m/m 0.1% 0.9% 2:00pm GBP Manufacturing Production m/m 0.2% -0.4% 8th-9th GBP Halifax HPI m/m 0.2% -0.1% All Day EUR Euro Summit - - All Day EUR Eurogroup Meetings - - 6:00pm USD Trade Balance -42.8B -40.9B Rupee recovers smartly from day's low after Greek FM resigns. Euro hammered on Greek 'No' vote, market volatile. Russian rouble weaker on Greece referendum, oil slump. Sterling edges up against euro, UK welfare cuts expected. Eurozone retail PMI shows June sales rise, but slower than May. German New orders in manufacturing in May 2015: 0.2% seasonally adjusted on the previous month. China rolls out emergency measures to prevent stock market crash. News FLASH Economic calendar July 07
- 3. CURRENCIES S1 S2 S3 R1 R2 R3 USDINR 63.6000 63.5000 63.4000 63.8000 63.9000 64.0000 EURINR 70.1000 70.0000 69.9000 70.4000 70.5000 70.6000 GBPINR 98.9000 98.8000 98.7000 99.2000 99.3000 99.4000 JPYINR 51.8000 51.7000 51.6000 52.0000 52.1000 52.2000 GBPINR on its daily charts closed around lower consolidation after gap down opening; hence selling pressure can be seen below the level of 99.0500. Pivot table TECHNICAL VIEW GBPINR