Market Patrol 18th May 2022

“The trend is your friend until the end when it bends.”

Ed Seykota

Indicative Selling Rates
against MUR
USD

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

The Cable rallied to $1.2485 post-strong UK jobs data

Fundamental News

EUR/USD
The Shared currency rebounded to $1.0550 as Eurostat reported a better performance on the GDP numbers front than expectations. Market awaiting CPI numbers later during the day.

GBP/USD
The Cable rallied to $1.2485 post-strong UK jobs data despite rising Brexit concerns weighting on the currency pair ahead of inflation data today.

USD/JPY
The Japanese yen gained to 129.20 after the Japanese Cabinet Office reported the annual Gross Domestic Product (GDP) numbers at -1.0% vs. the expectation of -1.8%.

AUD/USD
The Aussie dollar jumped to $0.7024 on expectation of a better unemployment rate data of 3.9% against 4% due to release on Thursday amid hawkish comment from RBA while shanghai allows some financial firms to resume work.

USD/CAD
The Loonie lost ground to 1.2850 against the greenback amid risk off mood, softer oil prices ahead of Canada inflation data.

USD/ZAR
The South Africa's rand firmed to 15.94 as an improvement in the risk appetite of the market participants has dampened the safe-haven appeal of the greenback.

USD/MUR
The dollar-rupee stayed put at 43.45(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

10:00 - GBP - CPI/Retail data

13:00 - EUR - HICP (MoM)(Apr)

16:30 - CAD - CPI

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

1.0663

1.2338

132.29

16.38

1.0596

1.2297

131.18

16.29

1.0488

1.2248

129.75

16.21

1.0421

1.2207

128.64

15.39

1.0313

1.2158

127.21

15.33

1.0246

1.2117

126.10

14.42

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

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

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.

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