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11 MAY15
www.trifidresearch.com
TIME CURRENCY DESCRIPTION FORECAST PREVIOUS
07:00am
AUD
NAB Business Confidence - 3
All Day EUR
Eurogroup Meetings - -
04:30pm GBP
Official Bank Rate 0.50% 0.50%
04:30pm GBP
Asset Purchase Facility 375B 375B
Tentative GBP
MPC Rate Statement -
-
07:30pm USD
Labor Market Conditions Index m/m - -0.3
 Rupee to remain weak on Fed-fueled dollar rally.
 Dollar mostly higher vs. other majors ahead of nonfarm payrolls.
 GBP/USD rallies over 1%, hits 2-1/2 month highs on U.K. vote.
 USD/JPY rises after BoJ meeting minutes, U.S. data supports.
 Aussie slumps on RBA prices, GDP views, weak China trade data.
 Yen weakens slightly after BoJ minutes as expected, RBA up next.
 Italian industrial production index increased by 0.4% compared
with the previous month.
News FLASH
Economic calendar - May 11
CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 64.1000 64.0000 63.9000 64.3000 64.4000 64.5000
EURINR 71.8000 71.7000 71.6000 72.1000 72.2000 72.3000
GBPINR 98.7000 98.6000 98.5000 99.1000 99.2000 99.3000
JPYINR 53.3000 53.2000 53.1000 53.6000 53.7000 53.8000
EURINR on daily charts took support around 23.6% retracement so drawn from recent lows and hence
looks strong if it sustains above the level of 72.3000.
Pivot table
TECHNICAL VIEW
EURINR
WWW.TRIFIDRESEARCH.COM
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Today Currency Market Tips

  • 2. TIME CURRENCY DESCRIPTION FORECAST PREVIOUS 07:00am AUD NAB Business Confidence - 3 All Day EUR Eurogroup Meetings - - 04:30pm GBP Official Bank Rate 0.50% 0.50% 04:30pm GBP Asset Purchase Facility 375B 375B Tentative GBP MPC Rate Statement - - 07:30pm USD Labor Market Conditions Index m/m - -0.3  Rupee to remain weak on Fed-fueled dollar rally.  Dollar mostly higher vs. other majors ahead of nonfarm payrolls.  GBP/USD rallies over 1%, hits 2-1/2 month highs on U.K. vote.  USD/JPY rises after BoJ meeting minutes, U.S. data supports.  Aussie slumps on RBA prices, GDP views, weak China trade data.  Yen weakens slightly after BoJ minutes as expected, RBA up next.  Italian industrial production index increased by 0.4% compared with the previous month. News FLASH Economic calendar - May 11
  • 3. CURRENCIES S1 S2 S3 R1 R2 R3 USDINR 64.1000 64.0000 63.9000 64.3000 64.4000 64.5000 EURINR 71.8000 71.7000 71.6000 72.1000 72.2000 72.3000 GBPINR 98.7000 98.6000 98.5000 99.1000 99.2000 99.3000 JPYINR 53.3000 53.2000 53.1000 53.6000 53.7000 53.8000 EURINR on daily charts took support around 23.6% retracement so drawn from recent lows and hence looks strong if it sustains above the level of 72.3000. Pivot table TECHNICAL VIEW EURINR