Market Patrol 4th May 2022

“Letting losses run is the most serious mistake made by most investors.”

William O’Neil

Indicative Selling Rates
against MUR
USD

12 Sep 2024

AUD
31.64
0.6790

BWP
3.54
0.0760

CAD
34.62
1.3459

CNY
6.75
6.9084

DKK
6.98
6.6772

EUR
51.59
1.1070

HKD
6.07
7.6822

INR
0.56
82.6319

JPY
33.27
140.0676

KES
36.76
126.7524

NZD
28.90
0.6203

NOK
4.38
10.6323

SGD
36.29
1.2841

ZAR
2.70
17.2861

SEK
4.55
10.2453

CHF
54.95
1.1792

GBP
61.08
1.3108

USD
46.60
1.0000

AED
12.99
3.5879

The Shared currency traded sideways at $1.0515 ahead of ECB non-monetary meeting and FED Interest rate decision.

Fundamental News

EUR/USD
The Shared currency traded sideways at $1.0515 ahead of ECB non-monetary meeting, FED Interest rate decision and Retail sales data later during the day.

GBP/USD
The Cable renewed intraday low at $1.2474 amid negative headlines concerning Brexit and challenges for the Bank of England’s (BOE) hawkish move.

USD/JPY
The Japanese yen remained cemented above 130.00 as an ultra-loose monetary policy by the BOJ has kept the currency on the edge.

AUD/USD
The Aussie dollar gained to $0.7100 as Aussie retail sales crossed forecast by 0.6%.

USD/CAD
The Loonie lost ground against the greenback at 1.2830 as price of oil retraced from their high as investors awaits Canadian trade numbers.

USD/ZAR
South African rand managed to offset some of its losses at 15.76 ahead of Fed Interest rate decision today.

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

Fundamental & Technical Data

Economic Indicators-Local Time

12:00 - EUR - Non-Monetary Policy ECB Meeting

13:00 - EUR - Retail Sales MoM)(Mar)

16:15 - USD -ADP Employment Change(Apr)

18:00 - USD - ISM Services PMI(Apr)

22:00 - USD - Fed Interest Rate Decision

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.50%

17-Mar-2022

04-May-2022

European Central Bank

0.00%

10-Mar-2016

Bank of England

0.75%

17-Mar-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

1.0646

1.2706

134.86

16.38

1.0605

1.2638

133.05

16.08

1.0553

1.2549

131.95

15.80

1.0512

1.2481

130.14

15.21

1.0460

1.2392

129.04

14.84

1.0419

1.2324

127.23

14.34

1.0367

1.2235

126.13

14.02

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

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Head – Treasury Sales

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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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