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NEWS FALSE

  •  Rupee closes 9 paise stronger against dollar at 62.72.
  •  Dollar mostly lower vs. rivals as focus turns to Fed meeting.
  •  EUR/USD pushes higher on strong German data.
  •  Yen a tad weaker after BoJ holds steady, Aussie down on minutes.
  • German Investor Confidence Rises as Economic Outlook Improves.
  •  Bank of Japan maintains aggressive stimulus, but cuts inflation outlook.
  •  Eurozone ZEW economic sentiment expectations 62.4 vs 52.7 prev.
  •  Annual inflation up to -0.3% in the euro area.

ECONOMIC CALENDAR

DATE & TIME

CURRENCY

DESCRIPTION

FORECAST

PREVIOUS

3:00pm

GBP

Average Earnings Index 3m/y

2.2%

2.1%

3:00pm

GBP

Claimant Count Change

-30.6 K

-38.6 K

3:00pm

GBP

MPC Official Bank Rate Votes

0-0-9

0-0-9

3:30pm

EUR

Unemployment Rate

5.6%

5.7%

6:00pm

GBP

Annual Budget Release

11:30pm

USD

FOMC Statement

11:30pm

USD

Federal Funds Rate

<0.25%

<0.25%

PIVOT TABLE

CURRENCIES

S1

S2

S3

R1

R2

R3

USDINR

62.8000

62.7000

62.6000

63.0000

63.1000

63.2000

EURINR

66.6000

66.5000

66.4000

66.9000

67.0000

67.1000

GBPINR

92.7000

92.6000

92.5000

92.9500

93.0500

93.2000

JPYINR

51.8000

51.7000

51.6000

52.0000

52.1000

52.2000

TECHNICAL VIEW

GBPINR

GBPINR on daily charts broke the important support and closed below and hence selling pressure is expected to continue if it maintains below level of 92.8000.

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