Market Patrol 28 December 2021

What's the difference between a pro and an amateur? Professionals look for what's wrong with a setup. Amateurs only look for what's right

Mark Harila

Indicative Selling Rates
against MUR
USD

23 Dec 2024

AUD
30.07
0.6355

BWP
3.51
0.0742

CAD
33.24
1.4232

CNY
6.68
7.0797

DKK
6.72
7.0362

EUR
49.65
1.0494

HKD
6.18
7.6570

INR
0.57
83.7046

JPY
31.01
152.5601

KES
37.32
126.7783

NZD
27.02
0.5712

NOK
4.28
11.0662

SGD
35.48
1.3335

ZAR
2.68
17.6547

SEK
4.36
10.8593

CHF
53.28
1.1261

GBP
59.82
1.2645

USD
47.31
1.0000

AED
13.18
3.5893

The Loonie surged as markets await fresh clues.

Fundamental News

EUR/USD
The Shared currency modestly gained to $1.1325 despite a jump in the two-year US Treasury yields lift the dollar.

GBP/USD
The Cable gained to $1.3435 amid more positive news at home concerning the Omicron variant of the coronavirus.

USD/JPY
The Japanese yen extended losses to 114.81 against the U.S dollar, ignoring upbeat local industrial production data earlier today.

AUD/USD
The Aussie dollar darted higher to $0.7242 amid Australian markets closed for a holiday.

USD/CAD
The Loonie surged to 1.2790 against the greenback after WTI consolidated the biggest daily gains in three weeks as markets await fresh clues.

USD/ZAR
South African rand hardly budged at 15.54 per U.S dollar on a closed market.

USD/MUR
The dollar-rupee stayed put at 43.55(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

19:00 - USD - CB Consumer Confidence (Dec)

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.00%-0.25%

16-Mar-2020

European Central Bank

0.00%

10-Mar-2016

16-Dec-2021

Bank of England

0.25%

16-Dec-2021

Bank of Japan

-0.10%

28-Jan-2016

17-Dec-2021

Reserve Bank of Australia

0.10%

03-Nov-2020

05-Jan-2022

S.Africa Reserve Bank

3.50%

23-Jul-2020

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

1.1371

1.3516

115.71

16.26

1.1352

1.3481

115.32

16.13

1.1340

1.3462

115.10

15.94

1.1321

1.3427

114.71

15.67

1.1309

1.3408

114.49

15.43

1.1290

1.3373

114.10

15.21

1.1278

1.3354

113.88

14.85

Technical Analysis - Forex Charts

The dollar Index extends its intense rebound near one year high

Chart updated on 30.09.2021

GBPUSD riding wave C after completion of triangular retracement of wave B

Chart posted on 30.09.2021

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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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