Market Patrol 18th April 2022

“What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.”

William O’Neil

Indicative Selling Rates
against MUR
USD

20 Dec 2024

AUD
30.10
0.6322

BWP
3.54
0.0745

CAD
33.29
1.4301

CNY
6.72
7.0815

DKK
6.71
7.0904

EUR
49.58
1.0414

HKD
6.22
7.6568

INR
0.57
83.7507

JPY
31.08
153.1735

KES
37.41
127.2757

NZD
27.03
0.5677

NOK
4.24
11.2216

SGD
35.54
1.3396

ZAR
2.68
17.7715

SEK
4.37
10.8960

CHF
53.34
1.1203

GBP
59.72
1.2543

USD
47.61
1.0000

AED
13.26
3.5895

The Aussie dollar has slipped sharply below $0.7400 on poor retail sales data from China.

Fundamental News

EUR/USD
The Shared currency remained tilted towards the downside at $1.0792 as the expected 50bps rate hike in US market weighed on the currency coupled with the contagion risks on the Ukraine crisis.

GBP/USD
The Cable sank to $1.3027 as a firm US dollar takes the lead as the Fed sentiment is a driving force along with the risks associated with the Russian crisis.

USD/JPY
The Japanese yen lost ground this morning at 126.60 as demand for the greenback picked up and in addition the Bank of Japan's (BOJ) ultra-loose monetary policy is going to keep the yen on the weaker side.

AUD/USD
The Aussie dollar has slipped sharply below $0.7400 on poor retail sales data from China.

USD/CAD
The Canadian dollar is trading flat at 1.2638 on this Easter Monday holiday while traders are looking ahead to Canadian CPI data this week.

USD/ZAR
South Africa's rand remained on the backfoot at 14.68 as the negative sentiment around south African economy continue to prevail amid poor economic growth.

USD/MUR
The dollar-rupee remained unchanged at 43.50(Selling) on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.50%

17-Mar-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

1.1080

1.3253

127.14

16.38

1.1002

1.3200

126.57

15.76

1.0915

1.3140

126.23

15.59

1.0837

1.3087

125.66

15.21

1.0750

1.3027

125.32

14.84

1.0672

1.2974

124.75

14.34

1.0585

1.2914

124.41

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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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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