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Daily Market Patrol

Market Patrol 25 November 2020

Trading doesn't just reveal your character, it also builds it if you stay in the game long enough

Yvan Byeajee
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
The Single currency trimmed losses to $1.1905 as risk-on sentiment staged a comeback.
Fundamental News

EUR/USD
The Single currency trimmed losses to $1.1905 as Biden's nomination of former Federal Reserve Chair Janet Yellen as Treasury Secretary supported the positive market mood.

 

GBP/USD
The Cable extended gains to $1.3350 with investors hoping this week's Brexit talks will result in a deal.

 

USD/JPY
The Japanese Yen ticked down to 104.47 against stronger U.S dollar, weighed by a higher appetite for risk.

 

AUD/USD
The Aussie dollar rose to $0.7343 on optimism about a vaccine-led global economic recovery boosted commodity prices and bond yields.

 

USD/ZAR
The South African rand gained to 15.20 against the greenback as appetite for riskier assets grew after U.S. President Donald Trump accepted the transition to a Joe Biden presidency.

 

USD/MUR
The dollar-rupee was unfazed at 40.35(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - Core Durable Goods Orders (MoM) (Oct)

17:30 - USD - GDP (QoQ) (Q3)

19:00 - USD - New Home Sales (Oct)

19:30 - USD - Crude Oil Inventories 

23:00 - USD - FOMC Meeting Minutes 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
16-Dec-2020
European Central Bank
0.00%
10-Mar-2016
10-Dec-2020
Bank of England
0.10%
19-May-2020
17-Dec-2020
Bank of Japan
-0.10%
28-Jan-2016
18-Dec-2020
Reserve Bank of Australia
0.10%
03-Nov-2020
01-Dec-2020
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
04-Dec-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
R3
1.1970
1.3482
105.37
16.42
R2
1.1932
1.3431
105.06
15.81
R1
1.1912
1.3396
104.76
15.67
PP
1.1874
1.3345
104.45
15.46
S1
1.1854
1.3310
104.15
15.18
S2
1.1816
1.3259
103.84
15.04
S3
1.1796
1.3224
103.54
14.73
Weekly FX Market Analysis by Karishma Sewock Nobutsing on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
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.