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Daily Market Patrol

Market Patrol 4th November 2022

Change your thoughts and you change your world

Norman Vincent Peale
Indicative Selling Rates
against MUR
USD
18 Apr 2024
  • AUD
  • 30.55
  • 0.6504
  • BWP
  • 3.46
  • 0.0738
  • CAD
  • 34.43
  • 1.3642
  • CNY
  • 6.58
  • 7.1369
  • DKK
  • 6.82
  • 6.8835
  • EUR
  • 50.41
  • 1.0732
  • HKD
  • 6.09
  • 7.7142
  • INR
  • 0.57
  • 82.2069
  • JPY
  • 30.79
  • 152.5363
  • KES
  • 36.08
  • 130.1709
  • NZD
  • 28.05
  • 0.5972
  • NOK
  • 4.37
  • 10.7550
  • SGD
  • 34.90
  • 1.3459
  • ZAR
  • 2.55
  • 18.3894
  • SEK
  • 4.36
  • 10.7728
  • CHF
  • 51.95
  • 1.1061
  • GBP
  • 58.86
  • 1.2531
  • USD
  • 46.97
  • 1.0000
  • AED
  • 12.99
  • 3.6158
The single currency is on the back foot amid fears emanating from China, North Korea and Russia.
Fundamental News

EUR/USD
The single currency is on the back foot, around $0.9780, against a strong greenback following fears emanating from China, North Korea and Russia, as well as the strong U.S. yields. Market eyes for Christine Lagarde's speech later during the day.

 

GBP/USD
The cable fell sharply to $1.1213 in line with BOE's announcement of a 75 basis point rate hike as Governor Bailey confirmed that the U.K. economy is in recession and could last for two years.

 

USD/JPY
The Japanese yen hovered cautiously near 148 per U.S. dollar ahead of U.S. Non-Farm Payroll data later during the day.

 

AUD/USD
The Aussie remained stuck in a rut at $0.6290 on deteriorating updates from RBA's monetary policy statement and downbeat Australia's Retail Sales data.

 

USD/CAD
The Canadian Dollar reversed all its losses to 1.3640 against the U.S. dollar on a strong rally in oil prices and ahead of  Canadian employment data due this afternoon. 

 

USD/ZAR

The South African Rand weakened to 18.26 versus the greenback on expectations that the U.S. Federal Reserve would not slow down the pace of its interest rate increase.

 

USD/MUR
The dollar-rupee pumped up to 44.35 (Selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - S&P Global Composite PMI(Oct) 

13:30 - GBP - S&P Global Composite PMI(Oct) 

13:30 - EUR - ECB's President Lagarde speech 

14:00 - EUR - Producer Price Index (MoM)(Sep) 

16:15 - GBP - BoE's Pill speech 

16:30 - USD - Nonfarm Payrolls(Oct) 

16:30 - CAD - Unemployment Rate(Oct) 

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
3.25
21-Sep-2022
-
European Central Bank
2.00%
01-Jan-0001
-
Bank of England
2.25%
01-Jan-0001
-
Bank of Japan
-0.10%
28-Jan-2016
-
Reserve Bank of Australia
2.60%
04-Oct-2022
31-Oct-2022
S.Africa Reserve Bank
01-Jan-0001
-
Reserve Bank of India
5.90%
01-Jan-0001
07-Dec-2022
Bank of Mauritius
3.00%
28-Sep-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
1.0072
1.1778
150.10
18.30
R2
1.0035
1.1701
148.98
17.13
R1
1.0001
1.1658
148.23
16.98
PP
0.9964
1.1581
147.11
15.74
S1
0.9930
1.1538
146.36
15.14
S2
0.9893
1.1461
145.24
14.41
S3
0.9859
1.1418
144.49
13.99
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.