Transcription of Daily Currency outlook - ICICI Direct
1 ICICI Securities Retail Equity ResearchResearch AnalystsAmit Gaurav PRODUCT 2 PRODUCT 1 Daily Currency outlookRecommendation in the reportSeptember 14, 2018 Click Product offeringsCurrency pairContractActionPriceTargetStoplossDur ationUS$INRS eptember daysCurrencyActionUS$INR Put-Monthly Currency and Thematic reportsICICI Securities Retail Equity ResearchForex and global equitiesCURRENCY OUTLOOKS ource: Bloomberg, ICICI Direct ResearchSpot CurrencyGlobal Equity Indices ,up82points , ,metalandpharma*Asian equity indices at am Therupeeisexpectedtoopenhigheragainstthe dollarafterlower-than-expecteddomesticco nsumerinflationaswellassoftinflationread ingintheUS ,lowercrudeoilpricesandtepidconsumerpric einflationdataCurrency ClosePvs.
2 Close% ChangeUS$ $ $ $ $ $ Close% ChangeDow Securities Retail Equity ResearchDebt and FII activitySource: Bloomberg, ICICI Direct Research, CDSLB enchmark yieldCommoditiesFII Activity Governmentbondsarelikelygainascrudeoilpr icesfellovernightandasdomesticinflations lowedtoalevelbelowthecentralbank UStreasuryyieldsacrossmaturitiesdroppeda fterdatashowedUSconsumerpricesroselessth anexpectedinAugust,moderatingexpectation sFedwillraiseinterestratesanothertwotime sin2018 Goldispoisedforitsfirstweeklygaininthree weeksafteragaugeofUSinflationunexpectedl ycooledinAugust,suggestinglittleurgencyf orFederalReservetospeeduppaceofratehikes ,hurtingthedollar Oilispoisedforaweeklygainasinvestorsweig honpotentialsupplylossesfromIranagainsto ngoingconcernsoveratradespatbetweenthewo rld stwobiggesteconomies Foreigninstitutionalinvestors(FII)werene tsellerstothetuneof|1306croreonSeptember 12,2018 FIIshavebeennetsellerstothemorethan|5490 croreinSeptember2018 ClosePvs.
3 Close% ChangeIndia Close% | croresEquity80669462-1395 Debt106497589 ICICI Securities Retail Equity ResearchINR futures and OutlookSource: Bloomberg, ICICI Direct ResearchCurrency futures on NSEP ivot levels c WeexpecttheUS$ $INR (%)ContractsLTPchng (%)OIVolFuturesPivotS1S2R1R2US$INR (Sep) $INR (Oct) (Sep) (Oct) (Sep) (Oct) (Sep) (Oct) $INR September futures contract (NSE)Sell US$INR in the range of Market Lot: US$1000 Target: / Loss: S2: / *Recommendation initiation message shall be broadcasted on iclick2gain at relevant pricesICICI Securities Retail Equity ResearchUS$INR Spot currencyUS$INR SpotSource: Bloomberg, ICICI Direct ResearchStrategy UpdateDateCurrency (P/L)*Comment12-Sep-18US$INRBuy InitiatedICICI Securities Retail Equity ResearchOpen RecommendationsSource.
4 Bloomberg, ICICI Direct priceTargetStoplossTime frame7/9/2018US$INRP ositional CurrencyUS$INR Bear Put ExpiryICICI Securities Retail Equity ResearchPankajPandeyHead Direct Research Desk, ICICI Securities Limited,1st Floor, AkrutiTrade Centre,Road No 7, MIDC,Andheri (East)Mumbai 400 Securities Retail Equity ,transmittedto,copiedordistributed,inpar torinwhole,toanyotherpersonortothemediao rreproducedinanyform, (I-Sec)maybeholdingasmallnumberofshares/ anopenpositionintheabovereferredcompanie sasonthedateofreleaseofthisreport."Thisr eportisbasedoninformationobtainedfrompub licsourcesandsourcesbelievedtobereliable , ,legal, ,whomustmaketheirowninvestmentdecisions, basedontheirowninvestmentobjectives, ,oruseby,anypersonorentitywhoisacitizeno rresidentoforlocatedinanylocality,state, countryorotherjurisdiction,wheresuchdist ribution,publication,availabilityorusewo uldbecontrarytolaw.
