Market Patrol 18th April 2022

“What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.”

William O’Neil

Indicative Selling Rates
against MUR
USD

20 May 2024

AUD
31.29
0.6765

BWP
3.48
0.0752

CAD
34.28
1.3494

CNY
6.49
7.1298

DKK
6.85
6.7581

EUR
50.57
1.0931

HKD
6.02
7.6834

INR
0.56
81.9464

JPY
30.06
153.9165

KES
35.81
129.1711

NZD
28.61
0.6185

NOK
4.43
10.4478

SGD
34.75
1.3311

ZAR
2.63
17.5910

SEK
4.38
10.5588

CHF
51.21
1.1069

GBP
59.06
1.2766

USD
46.26
1.0000

AED
12.80
3.6152

The Aussie dollar has slipped sharply below $0.7400 on poor retail sales data from China.

Fundamental News

EUR/USD
The Shared currency remained tilted towards the downside at $1.0792 as the expected 50bps rate hike in US market weighed on the currency coupled with the contagion risks on the Ukraine crisis.

GBP/USD
The Cable sank to $1.3027 as a firm US dollar takes the lead as the Fed sentiment is a driving force along with the risks associated with the Russian crisis.

USD/JPY
The Japanese yen lost ground this morning at 126.60 as demand for the greenback picked up and in addition the Bank of Japan's (BOJ) ultra-loose monetary policy is going to keep the yen on the weaker side.

AUD/USD
The Aussie dollar has slipped sharply below $0.7400 on poor retail sales data from China.

USD/CAD
The Canadian dollar is trading flat at 1.2638 on this Easter Monday holiday while traders are looking ahead to Canadian CPI data this week.

USD/ZAR
South Africa's rand remained on the backfoot at 14.68 as the negative sentiment around south African economy continue to prevail amid poor economic growth.

USD/MUR
The dollar-rupee remained unchanged at 43.50(Selling) on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.50%

17-Mar-2022

European Central Bank

0.00%

10-Mar-2016

Bank of England

0.75%

17-Mar-2022

Bank of Japan

-0.10%

28-Jan-2016

Reserve Bank of Australia

0.10%

03-Nov-2020

S.Africa Reserve Bank

4.25%

24-Mar-2022

19-May-2022

Reserve Bank of India

4.00%

22-May-2020

Bank of Mauritius

1.85%

16-Apr-2020

Looking for Markets correlation?

Market Correlation is a measure, statistical or observational, that gives a positive or negative link between the pricing of multiple currencies.

Bulls & Bears Levels

Resistance and Support

Levels

EUR/USD

GBP/USD

USD/JPY

USD/ZAR

1.1080

1.3253

127.14

16.38

1.1002

1.3200

126.57

15.76

1.0915

1.3140

126.23

15.59

1.0837

1.3087

125.66

15.21

1.0750

1.3027

125.32

14.84

1.0672

1.2974

124.75

14.34

1.0585

1.2914

124.41

14.02

Technical Analysis - Forex Charts

Technical Outlook of the week - NZDCHF Scenario 1:

Chart updated on 04.03.2022

Technical Outlook of the week - NZDCHF Scenario 2:

Chart posted on 04.03.2022

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Head – Treasury Sales

+230 403 5500

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Disclaimer

Please note that the information published is purely indicative. It is based on technical data from sources which the Bank verily believes to be authentic, though its timeliness or accuracy cannot be warranted or guaranteed. AfrAsia Bank Ltd issues no invitation to anyone to rely on this bulletin and neither we nor our information providers shall be in no way whatsoever, liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness, or for any delay or interruption in the transmission thereof to the user. The indicative rates and other market information are subject to changes at the Bank's discretion. Whilst every effort is made to ensure the information is accurate, you should confirm the latest situation with the Bank prior to making any decisions.

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