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Daily Market Patrol

Market Patrol 29th November 2022

Enjoying the ride to happiness, is happiness

Maxime Lagacé
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 Euro dropped sharply following hawkish remarks from U.S. Federal Reserve officials
Fundamental News

EUR/USD
The Shared currency dropped sharply to $1.0385 following hawkish remarks from U.S. Federal Reserve officials. Market eyes for German CPI and European Consumer Confidence figure later today.

 

GBP/USD

The Cable plummeted to $1.2000 as fears of a lengthy U.K. recession weighed on sentiment.

 

USD/JPY
The Japanese yen inched up this morning towards 138.57 amid mixed data from Japan. Japan’s Unemployment Rate reprinted 2.6% mark for October versus 2.5%, whereas Japan’s Retail Trade eased to 4.3% YoY during the stated month, versus 5.0%

 

AUD/USD
The Aussie dollar rebounded to $0.6700 after China’s announcement of the stimulus to nullify concerns over weak economic prediction due to recent covid-19 lockdown measures.

 

USD/CAD
The Canadian dollar rose to 1.3440 against the greenback amid a rally in oil prices. Investors are also awaiting GDP figures, which are due on Tuesday.

 

USD/ZAR
South Africa's sideways near 17.08 ahead of unemployment data due tomorrow, which could provide some clues on the health of the South African economy.

 

USD/MUR
The dollar-rupee remained idle at 44.10 (Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - EUR - Consumer Confidence (Nov) /Industrial Confidence (Nov) 

16:35 - GBP - BoE's Mann speech

17:30 - CAD - GDP

19:00 - USD - Consumer confidence

19:00 - GBP - BoE's Governor Bailey speech 

 

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
R3
1.0514
1.2271
141.10
18.60
R2
1.0481
1.2212
140.37
17.95
R1
1.0447
1.2164
139.51
17.64
PP
1.0414
1.2105
138.78
17.19
S1
1.0380
1.2057
137.92
17.09
S2
1.0347
1.1998
137.19
16.10
S3
1.0313
1.1950
136.33
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
Markey update on Biz Week by Christie Ng
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.