Market Patrol 13th December 2022

You have to learn to lose before you can win

Paul Tudor Jones

Indicative Selling Rates
against MUR
USD

09 May 2024

AUD
31.05
0.6647

BWP
3.47
0.0744

CAD
34.33
1.3609

CNY
6.56
7.1247

DKK
6.83
6.8365

EUR
50.47
1.0803

HKD
6.07
7.6997

INR
0.57
82.1296

JPY
30.38
153.7973

KES
36.16
129.1888

NZD
28.32
0.6062

NOK
4.38
10.6720

SGD
34.84
1.3410

ZAR
2.60
17.9932

SEK
4.34
10.7544

CHF
51.77
1.1080

GBP
58.68
1.2560

USD
46.72
1.0000

AED
12.92
3.6159

The dollar-rupee stable for the 15th consecutive business day.

Fundamental News

EUR/USD
The Shared currency is on a wait-and-watch mood at $1.0550 ahead of key U.S. inflation data that is expected to define the path of U.S. monetary policy in the coming months.

GBP/USD
The Cable trimmed part of the previous day's loss to $1.2281 following an above than estimated U.K GDP.

USD/JPY
The Japanese yen edged lower to 137.53 against the U.S. dollar as a fresh drive of policy easing is expected from Bank of Japan policymakers to spur the extent of economic activities.

AUD/USD
The Aussie dropped to $0.6760 after business confidence in Australia fell, undermined by China Covid cases.

USD/CAD
The Loonie gained to 1.3621 against the greenback on a hawkish speech from Bank of Canada Governor Tiff Macklem.

USD/ZAR

The South African rand is on the backfoot at 17.56 per U.S dollar on tepid global investor sentiment ahead of a series of local economic data this week.

USD/MUR
The dollar-rupee unfazed at 44.10(selling) for the 15th consecutive business day.

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - GBP - Average Earnings Index + Bonus (Oct)

14:00 - EUR - German ZEW Current Conditions (Dec)

17:30 - USD - Core CPI (MoM)(Nov)

17:30 - USD - CPI (YoY)(Nov)

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

4.00%

01-Nov-2022

13-Dec-2022

European Central Bank

2.00%

01-Jan-0001

15-Dec-2022

Bank of England

3.00%

01-Jan-0001

15-Dec-2022

Bank of Japan

-0.10%

28-Jan-2016

20-Dec-2022

Reserve Bank of Australia

2.85%

01-Jan-0001

06-Dec-2022

S.Africa Reserve Bank

01-Jan-0001

Reserve Bank of India

5.90%

01-Jan-0001

07-Dec-2022

Bank of Mauritius

4.00%

04-Nov-2022

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

1.0651

1.2398

139.48

18.60

1.0616

1.2348

138.66

17.95

1.0577

1.2307

138.16

17.64

1.0542

1.2257

137.34

17.19

1.0503

1.2216

136.84

17.09

1.0468

1.2166

136.02

16.10

1.0429

1.2125

135.52

15.12

Technical Analysis - Forex Charts

EUR/USD Outlook- looking bleak throughout Q3-Q4 2022

Chart updated on 05.07.2022

USD/MUR Outlook One more leg higher before paring some of its gains in Q3-Q4 2022

Chart posted on 05.07.2022

EUR/MUR- Bears in control in Q3-Q4 2022

Chart posted on 05.07.2022

The Canadian dollar swirled in a roller coaster move, falling to 1.3600 against the U.S. dollar as the Bank of Canada delivered a lower-than-projected rate hike of 50 basis points but later gained to 1.3530 on broad dollar weakness.

Chart posted on 27.10.2022

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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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