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Strong US Dollar Index, Equities in Green & Upcoming FOMC Members Speech

By Research Team Monday, Apr 15, 2019
FOREX

USD/CHF Outlook

    • 4.15pm ISTD1
    • High1.00297
    • Low1.00073
    • Close1.00258

USD/CHF is trading at 1.00130 making a day-high of 1.00262 & day-low of 1.00113. The Swiss Franc turned mixed post release of PPI data which grew by 0.3% from 0.2% in the previous month. Earlier, the strong USD on account of upbeat U.S inflation rate & PMI data weakened the other basket of currencies. Last week, the Swiss nations’ Unemployment Rate remained constant at 2.4% as expected & Foreign Currency Reserves increased to 756B from 739B in the previous month. The CPI rate grew by 0.5% higher than the previous figure 0.4% which turned positive for CHF. The SNB left an interest rate steady as expected in last meeting. The CHF is expected to trade weaker against USD for the day.

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Evening Outlook

USD/CHF

Intra Day
Near Day

Technical Levels

R3 1.00914
R2 1.00545
R1 1.00399
Turnaround 1.00176
S1 1.00030
S2 0.99807
S3 0.99438
By Research Team Monday, Apr 15, 2019
COMMODITY

SILVER Outlook

    • 4.40pm ISTD1
    • High14.98
    • Low14.89700
    • Close14.914

Silver is trading at $14.917 making a day-high of $14.980 & a day-low of $14.897. The Silver slid down due to strong USD after U.S published better than expected outcome of inflation rate & Jobs data last week. The FOMC’s cautious approach towards cutting down an interest rate rather than raising it weighs down the precious metals. Earlier, the strong USD as U.S released better than expected outcome of Non-farm Payroll data weigh down the Silver. The U.S & China posted strong Manufacturing PMI data which again weigh down the metals. Ongoing Brexit issue & the U.S-Japan trade talks will remain into focus for the week.  Selling on higher levels may be recommended for the day in Silver.

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Evening Outlook

Silver

Intra Day
Near Day

Technical Levels

R3 15.32500
R2 15.62500
R1 15.06500
Turnaround 14.99900
S1 14.90200
S2 14.83600
S3 14.67300
By Research Team Monday, Apr 15, 2019
INDICES

JAP225 Outlook

    • 4.28pm ISTD1
    • High22219
    • Low22089.00000
    • Close22138

JAP225 is trading at 22148 making day-high of 22219 & day-low of 22089. An upward momentum can be seen in Japanese shares as market remains cautious ahead of the U.S-Japan trade talk which is to be held this week focusing on tariff issues on each other’s exports. Also, the robust U.S & Chinese inflation data supports global indices as it indicates a progress in industrial activities. In Japan, the Core Machinery Orders grew by just 1.8% lower than the previous figure -5.4% & the PPI rate increased by 1.3% against an expectation of 1.0%. The Japan is to issue its trade Balance & PMI data this week which will be closely monitored. As seen in the chart, the JAP225 reversed upside from lower trend-line of channel pattern & hence, buying on dips may be seen further.

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Evening Outlook

JAP225

Intra Day
Near Day

Technical Levels

R3 22716.00000
R2 22317.00000
R1 21918.00000
Turnaround 21918.00000
S1 21768.00000
S2 21519.00000
S3 21768.00000