Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: South Korean won falls in early Asia on the back of lower than expected PPI data

  • EUR/KRW is currently trading around 1,213 mark.
     
  • Pair made intraday high at 1,213 and low at 1,208 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1,208 mark.
     
  • A daily close below 1,208 will drag the parity down towards key supports around 1,199, 1,191, 1,184, 1,178 and 1,163 marks respectively.
     
  • Alternatively, a sustained close above 1,208 will take the parity higher towards key resistances around 1,219, 1,228, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
     
  • Seoul shares open down 0.20 pct at 2160.32.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • South Korea’s February PPI growth m/m decreases to 0.3 % vs previous 1.4 % (revised from 1.3 %).
     
  • South Korea’s February PPI growth y/y increase to 4.2 % vs previous 3.9 % (revised from 3.7 %).

We prefer to take long position in EUR/KRW around 1,210, stop loss at 1,205 and target of 1,219.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

August 18 12:30 UTC Released

CACPI Common

Actual

1.4 %

Forecast

Previous

1.4 %

August 18 12:30 UTC Released

CACPI Trim

Actual

1.3 %

Forecast

Previous

1.2 %

August 18 14:00 UTC 7878m

USCPI BoC Core MM

Actual

Forecast

94.0 %

Previous

93.4 %

August 18 14:00 UTC 7878m

USCPI MM SA

Actual

Forecast

113.3 %

Previous

113.4 %

August 18 14:00 UTC 7878m

USCore CPI MM SA

Actual

Forecast

81.0 %

Previous

80.5 %

August 18 14:00 UTC 7878m

USCPI Median

Actual

Forecast

Previous

2.6 %

August 18 14:00 UTC 7878m

USCPI Trim

Actual

Forecast

Previous

2.6 %

August 18 14:00 UTC 7878m

KRU Mich Conditions Prelim

Actual

Forecast

113.3 %

Previous

113.4 %

August 18 14:00 UTC 7878m

KRU Mich Expectations Prelim

Actual

Forecast

81.0 %

Previous

80.5 %

August 18 14:00 UTC 7878m

GBPSNB Ex Banks GBP

Actual

Forecast

Previous

2.6 bln GBP

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.