USDINR TECHNICAL OUTLOOK : 01.03.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
US dollar index is trading at 101.35, bouncing from near the 100.65 levels that were seen yesterday. US dollar received a boost from FOMC members who have emphasized on the need to raise rates sooner than later. Add to this, the speech from Trump, which is going on when we were preparing this report, has been positive for the dollar. The president has spoken about infrastructure spending, immigration reforms and promised huge tax cuts. This speech can be considered positive and might help the US dollar break the recent ranges on the upside.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
1:30 USD FOMC Member Harker Speaks
2:00 USD FOMC Member Williams Speaks
5:20 USD FOMC Member Bullard Speaks
7:30 USD U.S. President Trump Speaks
19:00 USD Core PCE Price Index (YoY) (Jan) 1.80% 1.70%
19:00 USD Core PCE Price Index (MoM) (Jan) 0.20% 0.10%
19:00 USD Personal Spending (MoM) (Jan) 0.30% 0.50%
20:15 USD Manufacturing PMI (Feb) 54.4 54.3
20:30 USD ISM Manufacturing Employment (Feb) 55.9 56.1
20:30 USD ISM Manufacturing PMI (Feb) 56 56
23:30 USD FOMC Member Kaplan Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USDINR, the pair after at 66.99 made a high of 67.03 The pair has been in the range for past many days of 66.60-67.05 in spot and likely to continue in the said range so intraday dips shall be utilized to buy the pair and the pair can head 67.00 spot levels in coming sessions if able to hold the support of 66.60 levels.Fundamental Overview
US dollar index is trading at 101.35, bouncing from near the 100.65 levels that were seen yesterday. US dollar received a boost from FOMC members who have emphasized on the need to raise rates sooner than later. Add to this, the speech from Trump, which is going on when we were preparing this report, has been positive for the dollar. The president has spoken about infrastructure spending, immigration reforms and promised huge tax cuts. This speech can be considered positive and might help the US dollar break the recent ranges on the upside.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
1:30 USD FOMC Member Harker Speaks
2:00 USD FOMC Member Williams Speaks
5:20 USD FOMC Member Bullard Speaks
7:30 USD U.S. President Trump Speaks
19:00 USD Core PCE Price Index (YoY) (Jan) 1.80% 1.70%
19:00 USD Core PCE Price Index (MoM) (Jan) 0.20% 0.10%
19:00 USD Personal Spending (MoM) (Jan) 0.30% 0.50%
20:15 USD Manufacturing PMI (Feb) 54.4 54.3
20:30 USD ISM Manufacturing Employment (Feb) 55.9 56.1
20:30 USD ISM Manufacturing PMI (Feb) 56 56
23:30 USD FOMC Member Kaplan Speaks