Market Patrol 27 January 2021

The hard work in trading comes in preparation. The actual process of trading, however, should be effortless.

Jack Schwager

Indicative Selling Rates
against MUR
USD

26 Apr 2024

AUD
30.81
0.6583

BWP
3.44
0.0736

CAD
34.56
1.3545

CNY
6.55
7.1468

DKK
6.83
6.8533

EUR
50.43
1.0774

HKD
6.07
7.7145

INR
0.57
82.0087

JPY
30.36
154.1916

KES
35.30
132.5951

NZD
28.14
0.6011

NOK
4.36
10.7396

SGD
34.76
1.3465

ZAR
2.54
18.4356

SEK
4.36
10.7346

CHF
51.60
1.1024

GBP
58.79
1.2560

USD
46.81
1.0000

AED
12.95
3.6161

The Shared currency gained to $1.2162 ahead of Fed policy decision

Fundamental News

EUR/USD
The Shared currency rose to $1.2161 as markets wait on comments from Federal Reserve Chair Jerome Powell, who is likely to renew a commitment to ultra-easy policy.

GBP/USD
The Cable rocketed to $1.3736, benefitting from broad US dollar weakness rather than any GBP specific strength or positive UK fundamental developments.

USD/JPY
The Japanese Yen meandered at 103.69 against the U.S dollar despite comments from The Bank of Japan's Governor Haruhiko Kuroda that the central bank will mull exit from easing policy when inflation nears 2%.

AUD/USD
The Aussie dollar climbed to $0.7744 with Australian markets returning from a holiday and on a better-than-expected inflation figures earlier today.

USD/ZAR
South Africa's rand firmed at 15.05 against the greenback on Tuesday on a return of risk appetite globally as investors continued to weigh the benefits of fiscal stimulus and coronavirus vaccine rollouts over concerns about second and third wave infections.

USD/MUR
The dollar-rupee stayed put at 39.95(selling) per dollar on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

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

19:30 - USD - Crude Oil Inventories

23:00 - USD - Interest Rate Decision

23:00 - USD - FOMC Statement

23:30 - USD - FOMC Press Conference

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.00-0.25%

16-Mar-2020

27-Jan-2021

European Central Bank

0.00%

10-Mar-2016

21-Jan-2021

Bank of England

0.10%

19-May-2020

04-Feb-2021

Bank of Japan

-0.10%

28-Jan-2016

21-Jan-2021

Reserve Bank of Australia

0.10%

03-Nov-2020

02-Feb-2021

S.Africa Reserve Bank

3.50%

23-Jul-2020

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

1.2257

1.391+7

104.05

15.66

1.2217

1.3831

103.94

15.46

1.2189

1.3783

103.78

15.25

1.2149

1.3697

103.67

15.13

1.2121

1.3649

103.51

15.07

1.2081

1.3563

103.40

14.93

1.2053

1.3512

103.24

14.61

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Allan Juste

Head - Forex And Derivatives

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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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