Insignia Consultants
New Delhi
Wednesday, January 30, 2019
TIME: 10:15 am IST
DAILY FOREX REPORT FOR EXPORTERS AND IMPORTERS
(inter-bank prices below)
One needs to look for signs in cable as a new brexit deal will
be renegotiated. Euro is bullish. Various US jobs number till Friday and FOMC
tonight is keeping traders on the edge. There can be periods of consolidation
followed by sudden knee jerk one way moves.
India
Interim budget on Friday will be the
key. Only a fiscally responsible budget can result in gains for the rupee, else
bearishness (against the US dollar) is intact.
US dollar-Indian Rupee (usd/inr CMP 71.2850):
One Support: 71.1550One Resistance: 71.3950
o
Usd/inr
can rise to 71.3950 and 71.5250 as long as it trades over 71.1550.
o
Small
sell off will be there below 71.1550.
o
There can be very sharp two way moves.
Euro/Indian Rupee (Euro/inr
CMP 81.5525): One Support: 81.4850
One Resistance: 81.7650
o
Euro/inr
can rise to 81.7650 and 82.2225 (by Monday) as long as it trades over
81.3500-81.4000 zone.
o
Small
sell off will be there below 81.4850 today.
UK Pound/Indian Rupee
(Gbp/inr CMP 93.3000): One Support: 93.2450
One Resistance: 93.6050
o
Gbp/inr
can fall to 93.0950 as long as it trades below 93.5550.
o
Corrections
upto 92.80-92.90 will be a part of the bullish trend.
Japanese Yen/Indian Rupee
(Jpy/inr CMP 65.1800): One Support: 65.0975
One Resistance: 65.3300
o
A
break of 65.3300 will result in 65.5600 and 65.7200.
o
Small
sell off will be there below 65.0975
Euro/US dollar (euro/usd CMP
1.1442): One Support: 1.1408
One Resistance: 1.1462
o
1.1461
is the key resistance.
o
Euro/usd
can rise to 1556 as long as it trades over 1.1396-1.1408 zone.
o
Small
sell off will be there below 1.1408.
UK Pound/US dollar (gbp/usd
CMP 1.3090): One Support: 1.3066
One Resistance: 1.3141
o
Small
sell off will be there below 1.3066.
o
Cable
needs to trade over 1.3100-1.3110 zone to rise further.
US dollar/Japanese Yen
(usd/jpy CMP 109.36): One Support: 108.88
One Resistance: 109.62
o
Small
sell off will be there below 108.88.
o
Yen
needs to trade over 109.60 to rise further.
US dollar/Indonesia Rupiah
(usd/idr CMP 14122.50): One Support: 14089.50
One Resistance: 14156.50
o
Quick
rise will be there if rupiah trades over 14130 to 14189 and 14250.
o
Small
sell off will be there below 14089.50.
Disclaimer: Any
opinions as to the commentary, market information, and future direction of
prices of specific currencies, crypto currency, metals and commodities reflect
the views of the individual analyst, In no event shall Insignia Consultants or
its employees have any liability for any losses incurred in connection with any
decision made, action or inaction taken by any party in reliance upon the
information provided in this material; or in any delays, inaccuracies, errors
in, or omissions of Information. Nothing in
this article is, or should be construed as, investment advice. Prepared by
Chintan Karnani
NOTES
TO THE ABOVE REPORT
PLEASE NOTE: HOLDS
MEANS HOLDS ON DAILY CLOSING BASIS
ALL PRICES ARE IN
INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
Indian Standard Time
(IST): +5:30 GMT
Current Market Price
(CMP)
All foreign exchange
prices are for inter-bank rates.
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