Market Patrol 5th April 2022

“In trading/investing, it’s not about how much you make but rather how much you don’t lose.”

Bernard Baruch

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 Shared currency nosedived to $1.0967 amid de-escalation in Russia-Ukraine peace talks.

Fundamental News

EUR/USD
The Shared currency nosedived to $1.0967 amid de-escalation in Russia-Ukraine peace talks.

GBP/USD
The Cable gained to $1.3115 as continued bets on a rapid pace of interest rate rises from the Bank of England supported the pound.

USD/JPY
The Japanese yen gained this morning to 122.51 as the Bank of Japan's governor spoke to Parliament indicating that they will offer to buy an unlimited amount of 10-year JGBs if the rise in long-term interest rates is rapid.

AUD/USD
The Aussie dollar shoots towards $ 0.7600 as RBA keeps interest rate at 0.1%.

USD/CAD
The Loonie traded range bound at 1.2480 as market awaits FOMC minutes this week.

USD/ZAR
South African rand gained recently, having initially struggled for momentum against a stronger dollar, as the price of gold, of which the country is an exporter, rose on the prospect of further sanctions on Russia

USD/MUR
The dollar-rupee stayed put at 44.70(selling)

Fundamental & Technical Data

Economic Indicators-Local Time

18:00 - USD - ISM services employment

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

31-Mar-2022

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

1.1272

1.3248

123.51

16.38

1.1228

1.3212

122.98

15.76

1.1148

1.3178

122.34

15.59

1.1104

1.3242

121.81

15.21

1.1024

1.3108

121.17

14.84

1.0980

1.3072

120.64

14.34

1.0900

1.3038

120.00

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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