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Treasury

Daily Market Patrol

Market Patrol 17th May 2022

“Cut your losses. Cut your losses. Cut your losses. Then maybe you have a chance.”

Ed Seykota
Indicative Selling Rates
against MUR
USD
29 Jun 2022
  • AUD
  • 31.43
  • 0.6969
  • BWP
  • 3.74
  • 0.0829
  • CAD
  • 35.34
  • 1.2761
  • CNY
  • 6.82
  • 6.6139
  • DKK
  • 6.49
  • 6.9543
  • EUR
  • 47.69
  • 1.0575
  • HKD
  • 5.84
  • 7.7250
  • INR
  • 0.58
  • 77.7506
  • JPY
  • 33.47
  • 134.7559
  • KES
  • 38.82
  • 116.1839
  • NZD
  • 28.46
  • 0.6311
  • NOK
  • 4.68
  • 9.6359
  • SGD
  • 32.86
  • 1.3725
  • ZAR
  • 2.88
  • 15.6739
  • SEK
  • 4.51
  • 10.0045
  • CHF
  • 47.51
  • 1.0533
  • GBP
  • 55.28
  • 1.2257
  • USD
  • 45.10
  • 1.0000
  • AED
  • 12.41
  • 3.6342
The Cable gained above $1.2300 amid an improvement in the risk appetite of investors.
Fundamental News

EUR/USD
The Shared currency bounced off intraday low to trade around $1.0450 amid softer US dollar as market awaits Eurozone GDP data and ECB's President Lagarde speech later during the day.

 

GBP/USD
The Cable gained above $1.2300 amid an improvement in the risk appetite of investors ahead of the release of the UK labor force, retail and inflation data tomorrow.

 

USD/JPY
The Japanese yen lost momentum to 129.00 against the greenback as china plans to end lockdown amid  third consecutive day of zero coronavirus cases as well as in anticipation of US retail sales data.

AUD/USD
The Aussie dollar rose to $0.7070 as RBA minutes sounded more hawkish as the Australian economy is well being supported by household and business balance sheets.

 

USD/CAD
The Loonie struggled around 1.2850 ahead of Canada inflation data. Oil prices have gained sharply as supply worries have been renewed on the falling US Strategic Petroleum Reserves (SPR) and OPEC’s inability to produce the required oil

 

USD/ZAR
The South African rand  rallied to 16.05  despite power cuts on the domestic front clouding the economic growth outlook.

 

USD/MUR
The dollar-rupee remained unchanged at 43.45(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - Unemployment change

13:00 - EUR - GDP

16:00 - USD - Fed's Bullard speech

16:00 - USD Retail Sales

21:00 - EUR - ECB's President Lagarde speech 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
1.0%
04-May-2022
-
European Central Bank
0.00%
10-Mar-2016
-
Bank of England
1.00%
05-May-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
R3
1.0663
1.2338
132.29
16.38
R2
1.0596
1.2297
131.18
16.29
R1
1.0488
1.2248
129.75
16.21
PP
1.0421
1.2207
128.64
15.39
S1
1.0313
1.2158
127.21
15.33
S2
1.0246
1.2117
126.10
14.42
S3
1.0138
1.2068
124.67
14.35
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
Weekly Market Update by Reshma Rajwani Peerun 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.