Market Outlook

The euro steadied on Tuesday after notching up its biggest fall in nearly a month in the previous session as investors shrugged aside concerns of any fallout from the German political deadlock for now.
The Australian Dollar is forecast to rise against both the British Pound and US Dollar through 2018 before it starts to correct back from overvalued levels in 2019.

Fundamental News

•    United Kingdom CBI Industrial Trends Survey – Orders (MoM) above expectations (3) in November: Actual (17).
•    Spain 3-Month Letras Auction: -0.465% vs previous -0.431%.
•    Spain 9-Month Letras Auction: -0.406% vs previous -0.329%.
•    United Kingdom Public Sector Net Borrowing came in at £7.464B, above forecasts (£6.6B) in October.


USDINR pair unable to break its resistance level, showed correction and closed with weak note.It has important support level of 64.8000 below this more down side movement might be seen. 65.2000 is major resistance level.



EURINR pair started the day with gap down and followed downward trend, closed the day with negative sentiment.
For upcoming if it breaches its crucial support level of 76.0000 then more selling can be witness. 76.4000 is immediate resistance level.



GPBINR pair has given correction from its higher level and closed the session with loss. Now, 85.7000 is act as crucial support level below this break out can be seen. 86.2000 is important resistance mark.



JPYINR pair drags down from its upper level and settled the session near to its days low.57.5000 is act as a good support zone below this correction can be seen, 58.0000 is important resistance level.


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