Murrey levels analysis – The level (0/8) is still holding the price

USDJPY – Down The four-hours chart of USDJPY . The pair continues to move within the flat, formed just above the main support level (0/8). Since the pair is held above the level of (0/8), the primary option is still growth. The goal is the intermediate level of resistance (2/8). This option would be canceled by breakdown and consolidation of the price below (0/8) Trading solutions: Keep buying. The goal lies at the intermediate level of resistance 101.56 (2/8).
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

Murrey levels analysis – The level (0/8) is still holding the price

USDJPY – Down The four-hours chart of USDJPY . The pair continues to move within the flat, formed just above the main support level (0/8). Since the pair is held above the level of (0/8), the primary option is still growth. The goal is the intermediate level of resistance (2/8). This option would be canceled by breakdown and consolidation of the price below (0/8) Trading solutions: Keep buying. The goal lies at the intermediate level of resistance 101.56 (2/8).
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

Murrey levels analysis – Retest of (4/8)

GBPUSD – Flat Four-hours chart of GBPUSD. Buyers failed to go on with their winning march. The pair pulled back down to support level (4/8). But, despite its inability to be held above this level, we have not seen a significant upward rebound from this level. Therefore, the main option for today is drop, its proof will be breakdown of the level (4/8) from the top to bottom. In this case, in the medium run, we can see the price at (2/8) again. Continuation of the upward movement will be relevant if the price manages to hold above the level (4/8). Solutions: none
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

Murrey levels analysis – Retest of (4/8)

GBPUSD – Flat Four-hours chart of GBPUSD. Buyers failed to go on with their winning march. The pair pulled back down to support level (4/8). But, despite its inability to be held above this level, we have not seen a significant upward rebound from this level. Therefore, the main option for today is drop, its proof will be breakdown of the level (4/8) from the top to bottom. In this case, in the medium run, we can see the price at (2/8) again. Continuation of the upward movement will be relevant if the price manages to hold above the level (4/8). Solutions: none
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

Money Market Operations as on August 25, 2016


(Amount in ₹ billion, Rate in Per cent)

MONEY MARKETS @
Volume Wtd.Avg.Rate Range
(One Leg)
A. Overnight Segment (I+II+III+IV) 1,575.35 6.44 5.45-6.55
     I. Call Money 98.50 6.42 5.45-6.55
     II. CBLO 1,024.97 6.44 6.15-6.50
     III. Market Repo 451.88 6.43 5.75-6.52
     IV. Repo in Corporate Bond
0.00
B. Term Segment      
     I. Notice Money** 0.83 6.22 5.75-6.40
     II. Term Money@@ 1.11 6.25-6.95
     III. CBLO
1.75 6.51 6.50-6.55
     IV. Market Repo 6.93 6.50 6.25-6.53
     V. Repo in Corporate Bond 0.25 8.50 8.50-8.50
RBI OPERATIONS@
Auction Date Tenor (Days) Maturity Date Amount Outstanding Current Rate /
Cut off Rate
C. Liquidity Adjustment Facility
   (i) Repo (Fixed Rate) 25/08/2016 1 26/08/2016 33.28 6.50
   (ii) Repo (Variable rate) 12/08/2016 14 26/08/2016 35.75 6.57
  16/08/2016 14 30/08/2016 11.75 6.60
  19/08/2016 14 02/09/2016 25.25 6.60
  23/08/2016 14 06/09/2016 4.40 6.61
   (iii) Reverse Repo (Fixed rate) 25/08/2016 1 26/08/2016 11.08 6.00
   (iv) Reverse Repo (Variable rate) 05/08/2016 32 06/09/2016 7.50 6.49
  16/08/2016 22 07/09/2016 23.00 6.49
  19/08/2016 18 06/09/2016 48.25 6.49
  22/08/2016 15 06/09/2016 45.75 6.49
  25/08/2016 13 07/09/2016 139.64 6.49
  25/08/2016 1 26/08/2016 164.38 6.49
D. Marginal Standing Facility 25/08/2016 1 26/08/2016 3.00 7.00
E. Standing Liquidity Facility Availed from RBI $     19.06  
RESERVE POSITION @
F. Cash Reserves Position  of Scheduled Commercial Banks
(i) Cash balances with RBI  as on # 23/08/2016 3,926.70  
(ii) Average daily  cash reserve  requirement  for the fortnight ending 02/09/2016 3,981.06  
G. Government of India Surplus Cash Balance Reckoned for Auction as on ¥ 25/08/2016 77.15  
@ Based on RBI / CCIL/ FIMMDA Data
– Not Applicable / No Transaction
** Relates to uncollateralized transactions of 2 to 14 days tenor
@@ Relates to uncollateralized transactions of 15 days to one year tenor
# The figure for the cash balances with RBI on Sunday is same as that of the previous day (Saturday).
$ Includes refinance facilities extended by RBI
¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015
Ajit Prasad
Assistant Adviser
Press Release : 2016-2017/501

The post Money Market Operations as on August 25, 2016 appeared first on Central bank news.

Murrey levels analysis – Expecting the price on the level (4/8)

EURUSD – Up Four-hours chart of EURUSD. A little space remained for the price to reach support area formed the main support/ resistance level (4/8) and SuperTrend Daily line, but it has bounced up. So far, it fails to cross resistance – four-hours Supertrend line. The most probable option is resumption of the downward movement and retest of the above mentioned areas of support. Continuation of the upward movement will be enabled by a breakthrough and consolidation of the price above four-hours Supertrend line. Trading solutions: sell from current levels with a stop loss set for yesterday’s High. The nearest goal is 1.1230 (4/8).
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

Murrey levels analysis – Expecting the price on the level (4/8)

EURUSD – Up Four-hours chart of EURUSD. A little space remained for the price to reach support area formed the main support/ resistance level (4/8) and SuperTrend Daily line, but it has bounced up. So far, it fails to cross resistance – four-hours Supertrend line. The most probable option is resumption of the downward movement and retest of the above mentioned areas of support. Continuation of the upward movement will be enabled by a breakthrough and consolidation of the price above four-hours Supertrend line. Trading solutions: sell from current levels with a stop loss set for yesterday’s High. The nearest goal is 1.1230 (4/8).
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.