Market Patrol 5th April 2022

“In trading/investing, it’s not about how much you make but rather how much you don’t lose.”

Bernard Baruch

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 Shared currency nosedived to $1.0967 amid de-escalation in Russia-Ukraine peace talks.

Fundamental News

EUR/USD
The Shared currency nosedived to $1.0967 amid de-escalation in Russia-Ukraine peace talks.

GBP/USD
The Cable gained to $1.3115 as continued bets on a rapid pace of interest rate rises from the Bank of England supported the pound.

USD/JPY
The Japanese yen gained this morning to 122.51 as the Bank of Japan's governor spoke to Parliament indicating that they will offer to buy an unlimited amount of 10-year JGBs if the rise in long-term interest rates is rapid.

AUD/USD
The Aussie dollar shoots towards $ 0.7600 as RBA keeps interest rate at 0.1%.

USD/CAD
The Loonie traded range bound at 1.2480 as market awaits FOMC minutes this week.

USD/ZAR
South African rand gained recently, having initially struggled for momentum against a stronger dollar, as the price of gold, of which the country is an exporter, rose on the prospect of further sanctions on Russia

USD/MUR
The dollar-rupee stayed put at 44.70(selling)

Fundamental & Technical Data

Economic Indicators-Local Time

18:00 - USD - ISM services employment

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

31-Mar-2022

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

1.1272

1.3248

123.51

16.38

1.1228

1.3212

122.98

15.76

1.1148

1.3178

122.34

15.59

1.1104

1.3242

121.81

15.21

1.1024

1.3108

121.17

14.84

1.0980

1.3072

120.64

14.34

1.0900

1.3038

120.00

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.

Treasury

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