Trifid Research market expert aim to guide Forex Tips & Currency Tips for you and familiarize yourself with Forex market trading the global Forex markets.

1. 20 APR – 24 APR 2015
W E E K L Y
R
E
P
O
R
T
Buy on fear, sell on greed.
Buy on the rumor, sell on the news.
The trend is your friend.
Amateurs want to be right.
Professionals want to make money.
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2. REFERENCE RATE
(USD)
62.3460
REPO RATE 7.50%
REVERSE REPO 6.50%
CRR 4%
INFLATION -2.33%
KEY RATESAs on 17/04/2015
MARKET EVENTS MARKET OUTLOOK
Indian Rupee started the week on a
weak note but strong domestic data
of IIP which recorded at 5%, CPI at
5.17% and WPI at -2.33% supported
the domestic currency to appreciate
against the greenback although
consecutive losses in equity markets
capped its appreciation. Dollar also
drifted lower against euro and yen as
per lack of trading cues by investors
to make strong positions ahead of
weekend. Investors also remained
cautious and not without much
trading moves after soft Economic
data of US. No any trigger is kept
ahead in the coming week for the
major moves.
Rupee ends lower by 7p; ends
gaining streak.
Sterling hits three-week high
against weaker dollar.
Japan Consumer Confidence
Rises More Than Expected In
March.
UK unemployment rate
dropped to 5.6% in March.
CURRENCIES
PREVIOUS
RATE
CURRENT
RATE
% CHANGE
USDINR 62.5200 62.4700 -0.07
EURINR 66.2525 67.4925 1.87
GBPINR 91.3600 93.7725 2.64
JPYINR 51.9100 52.6275 1.38

3. USDINR
EURINR
USDINR last week started with a strong note but could not hold there and rebounded on lower
side due to rupee appreciation and closed the week on a flat note. Now, major support is seen
around the trend line i.e. near to 62.3000 and closing below which may be a weak signal for it. On
higher side, resistance is seen in the zone of 62.6000-62.8000.
EURINR last week tested the major support level but did not surpassed it rather showed strong
pull back. It closed around a crucial point as if it sustains above the upper band of channel then
68.0000 is marked as major resistance while any closing below 67.0000 level will again tend it to
continue the bear trend and moves towards the strong support of 65.9500.

4. CURRENCIES S1 S2 S3 R1 R2 R3
USDINR 62.3000 62.0000 61.8000 62.8000 63.0000 63.3000
EURINR 67.0000 66.4000 65.9000 68.1000 68.7000 69.3000
GBPINR 93.1000 92.6000 92.1000 94.2000 94.8000 95.4000
JPYINR 52.2000 51.9000 51.5000 52.9000 53.2000 53.5000
PIVOT TABLE
DATE TIME COUNTRY EVENT
BLOOMBERG
ESTIMATE
PREVIOUS
LEVEL
22-APR-2015
7:30
PM
US
Existing Home
Sales
5.04M 4.88M
23-APR-2015
6:00
PM
US
Flash
Manufacturing
PMI
55.6 55.7
23-APR-2015
6:00
PM
US
Unemployment
Claims
290k 281k
24-APR-2015
6:00
PM
US
Core Durable
Goods Orders
m/m
0.2% -0.6%
INTERNATIONAL UPDATES
 Annual inflation up to -0.1% in the euro area,up from -0.3% in
February.
 UK employment jumps, jobless rate lowest since July 2008.
 Swiss retail sales declined marking its biggest annual fall on
record.

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