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Daily Market Patrol

Market Patrol 5th October 2022

You have to jump in the pool and make your own mistakes if you want to learn about the market that you’re trading.

Oscar Auliq-Ice
Indicative Selling Rates
against MUR
USD
24 Apr 2024
  • AUD
  • 30.84
  • 0.6580
  • BWP
  • 3.43
  • 0.0732
  • CAD
  • 34.58
  • 1.3552
  • CNY
  • 6.56
  • 7.1461
  • DKK
  • 6.83
  • 6.8651
  • EUR
  • 50.42
  • 1.0758
  • HKD
  • 6.07
  • 7.7178
  • INR
  • 0.57
  • 81.9769
  • JPY
  • 30.62
  • 153.0506
  • KES
  • 35.48
  • 132.1115
  • NZD
  • 28.11
  • 0.5997
  • NOK
  • 4.40
  • 10.6625
  • SGD
  • 34.83
  • 1.3457
  • ZAR
  • 2.54
  • 18.4847
  • SEK
  • 4.40
  • 10.6565
  • CHF
  • 51.73
  • 1.1037
  • GBP
  • 58.66
  • 1.2515
  • USD
  • 46.87
  • 1.0000
  • AED
  • 12.96
  • 3.6156
The greenback retreated on shift in central bank expectations across the financial markets
Fundamental News

EURUSD

The Shared currency rose to $0.9987, erasing all its post-Fed meeting and UK-led risk-off losses, with parity nearby after weaker than forecast U.S. job openings reinforced suspicions peak Fed hikes have already been priced in.

 

GBPUSD

The Cable pierced to $1.1475 on the back of a weaker U.S. dollar and ahead of U.K. services PMI.

 

USDJPY

The Japanese yen surged to 144.14 per U.S. dollar as the Bank of Japan announced on Wednesday that it offered to purchase Japanese Government Bonds across various maturities.

 

AUDUSD

The Australian dollar inched up to $0.6489 as the benchmark U.S. 10-year Treasury yield fell after Australia's central bank surprised investors with a smaller-than-expected interest rate hike.

 

USDCAD

The Canadian dollar strengthened to 1.3508 against the greenback as the market awaits jobs data for both the U.S. and the Canadian economy due this week.

 

USDZAR

The South African Rand shot up to 17.60 against the U.S. dollar as global risk appetite improved with broad-based USD weakness on the back of falling U.S. Treasury yields.

 

USDMUR

The dollar-rupee unbothered at 44.80(Selling)

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 - GBP - Services PMI (Sep)

12:30 - GBP -  Composite PMI

16:15 - USD - ADP Nonfarm Employment change

18:30 - USD - ISDM non Manufacturing PMI (Sep)

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
18
21-Sep-2022
-
European Central Bank
0.00%
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
-
S.Africa Reserve Bank
01-Jan-0001
-
Reserve Bank of India
4.00%
22-May-2020
-
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
0.9954
1.1657
146.28
18.20
R2
0.9900
1.1496
145.78
17.13
R1
0.9862
1.1408
145.17
16.98
PP
0.9808
1.1247
144.67
15.74
S1
0.9770
1.1159
144.06
15.14
S2
0.9716
1.0998
143.56
14.41
S3
0.9678
1.0910
142.95
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
Chart posted on 01.01.0001
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.