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Content
Overview
US Dollar
Euro
GBP
JPY
Economic Indicators
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Overview:
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Highlights
Indian rupee appreciated 0.2 percent in yesterday.
Markets remained dull due to Christmas vacations.
sia markets are trading on a firm note taking cues from optimism that
he new government in power is expected to announce stimulus
measures to boost the economy and tackle deflation of the nation.
US Dollar Index
S Dollar Index (DX) traded on the flat note due to rise in the risk aversion
n the global markets and dull trades due to Christmas holidays. The index
ained in the later part of day due to stalemate caused after difference in
pinion amongst the law makers over the resolution of the fiscal cliff
sue.
S equities settled with negative bias on Monday as worries over the
scal cliff issue of the nation still persists and the deadline for solving the
ame was less. This caused risk aversion in the global markets and
nitiated selling pressure amongst the market participants. If the law
makers are unable to resolve the debt issue that might cause automatic
pending cuts and tax hikes pushing the US economy back into recession.
he index touched an intra-day low of 79.45 and closed at 79.75 on
Monday.
Dollar/INR
he Indian Rupee appreciated 0.2 percent on Monday taking cues on theack of dollar selling by the exporters along with sustained capital inflows
y the FIIs. The rupee also gained tracking the firm performance of the
omestic equity markets along with weak Dollar Index. The rupee closed
t 54.95 after touching a high of 54.95 on Monday.
or the current month FII inflows totaled at Rs. 19353.50 crores till 24th
ecember 2012. While year to date basis, net capital inflows stood at Rs.
,22,625.60 crores till December 24th
2012.
utlook
n today’s session, we expect Indian Rupee to depreciate due to weak
obal market sentiments along with strength in the DX. Month end and
ear end dollar demand is likely to depreciate the currency further.
Market Highlights (% change) as on December 24,
LastPrev.
dayWoW MoM
NIFTY 5855.8 0.1 0.0 4.1
SENSEX 19255.1 0.1 0.1 4.0
DJIA 13139.08 -0.4 -0.7 1.0
S&P 1426.7 -0.2 -0.2 1.2
FTSE N/A N/A N/A N/A
KOSPI 1981.8 0.1 -0.1 3.7
BOVESPA N/A N/A N/A N/A
NIKKEI N/A N/A N/A N/A
Nymex Crude
(Jan’13) - $/bbl
85.93 0.8 0.8 -0.4
Comex Gold (Feb’12)
- $/oz
1658.60 0.0 -2.3 -5.3
ComexSilver(Mar’12) $/oz
2983.90 -1.0 -7.3 -12.5
LME Copper (3
month) -$/tonne
7818.00 -0.4 -2.9 0.5
CRB Index
(Industrial)
N/A N/A N/A N/A
G-Sec -10 yr @7.8% -
Yield
100.12 0.1 0.1 0.7
Source:
US Dollar (% change) as on December 24,
LastPrev.
dayWoW MoM
Dollar Index 79.75 0.0 0.3 -0.6
US $ / INR (Spot) 54.95 0.2 -0.2 0.9
US $ / INR Dec’12
Futures (NSE)
54.99 -0.32 0.08 -1.08
US $ / INR Dec’12
Futures (MCX-SX)
54.99 -0.33 -1.07 -1.07
Source:
Technical Chart – USD/INR
Source: T
Technical Outlook valid for December 26, 2
Trend Support Resis
US Dollar/INR Dec’12
(NSE/MCX-SX)Sideways 54.80/54.60 55.20/
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Euro (% change) as on December 24, 2012
Last Prev. day WoW MoM
Euro /$ (Spot) 1.3186 0.0 0.2 1.6
Euro / INR (Spot) 72.62 0.0 -0.7 -1.1
Euro / INR Dec’12
Futures (NSE)
72.72 -0.12 0.66 1.47
Euro / INR Dec’12
Futures (MCX-SX)
72.7 -0.13 0.63 1.47
Source: Re
Technical Chart – Euro
Source: Tele
GBP (% change) as on December 24, 20
Last Prev. day WoW MoM
$ / GBP (Spot) 1.6121 -0.3 -0.5 0.6
GBP / INR (Spot) 88.618 -0.47 -0.02 -0.27
GBP / INR Dec’12
Futures
(NSE)
89.065 -0.55 0.16 0.59
GBP / INR Dec’12
Futures
(MCX-SX)
89.065 -0.55 0.16 0.59
Source: Re
uro/INR
uro also ended on a mixed note on Monday. The currency witnessed
rength in the early part of the trade due to weakness in the DX.
Worries over the US fiscal cliff issue created risk aversion and
rengthened the DX. The currency touched an intra-day high of 1.3189
nd closed at 1.3186 on Monday.
utlook
the intra-day, we expect Euro to depreciate on the back of weak
obal market sentiments along with strength in the DX.
echnical Outlook valid for December 26, 2012
Trend Support Resistance
ro/INR Dec’12
SE/MCX-SX)Up 72.59/72.30 72.90/73.10
BP/INRhe Pound depreciated 0.3 percent on Monday due to weak global
arket sentiments and strength in the DX in the later part of the day.
ull trades were witnessed due to Christmas vacation. It touched an
tra-day high of 1.6295 and closed at 1.6277 on Thursday.
utlook
today’s session, we expect Pound to trade in a narrow range as the
arkets are closed today due to observance of boxing day.
echnical Outlook valid for December 26, 2012
Trend Support Resistance
BP/INR Dec ’12
SE/MCX-SX)Down 88.85/88.55 89.25/89.55
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JPY (% change) as on December 24, 20
Last Prev day WoW MoM
JPY / $ (Spot) 84.92 0.8 1.2 3.0
JPY / INR (Spot) 0.6474 -0.93 -0.74 -3.76 -4
JPY 100 / INR Dec’12Futures (NSE)
65.13 -0.71 -0.80 -3.62 -3
JPY 100 / INR Dec’12
Futures (MCX-SX)
65.13 -0.71 -0.81 -3.63 -3
Source:
Technical Chart – JPY
Source: Te
Y/INR
e Japanese Yen depreciated 0.8 percent due announcement of stimulus
easures by the new government in power. Decline in the demand for
e low yielding currency also caused depreciation in the currency. It
uched an intra-day low of 84.94 and closed at 84.92 on Monday.
tlook
the intra-day session, we expect to yen to depreciate due to
pectation the new government would take aggressive steps to curtail
flation thereby boosting the economy.
chnical Outlook valid for December 26, 2012
Trend Support Resistance
/INR Dec ’12
E/MCX-SX)Sideways 64.90/64.70 65.45/65.70
Economic Indicators to be released on December 26, 2012
ndicator Country Time (IST) Actual Forecast Previous Impact
Monetary Policy Meeting Minutes JPY 5:20 am - - - Medium
German Bank Holiday EUR All Day - - - Low
talian Bank Holiday EUR All Day - - - Low
UK Bank Holiday UK All Day - - - Low
&P/CS Composite-20 HPI y/y US 7:30 pm - 3.9% 3.0% Medium