USDINR TECHNICAL OUTLOOK : 25.08.2016
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Above is the Daily Chart of USDINR, the pair after opening at 67.20 and made a low of 67.13 and trading side wise session after pair breaking out few days back now 67.00-67.05 will act as a strong support in the pair on spot basis and any dip can be utilized to go long in the pair and short term resistance will come around 67.40 levels
Fundamental Overview
US dollar index is trading at 94.69; appreciating in overnight trade against the majors despite weaker than expected existing home sales data. With less than two days remaining for the Jackson Hole symposium, investors began shoring up dollars. Weekly jobless claims, Services PMI and durable goods orders are due to be reported today but would have little impact before key event tomorrow. Expect dollar to remain afloat against majors.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:30:00 USD Jackson Hole Symposium
18:00:00 USD Core Durable Goods Orders (MoM) (Jul) 0.50% -0.40%
18:00:00 USD Durable Goods Orders (MoM) (Jul) 3.30% -3.90%
18:00:00 USD Initial Jobless Claims 265K 262K
19:15:00 USD Services PMI (Aug) 52 51.4
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Above is the Daily Chart of USDINR, the pair after opening at 67.20 and made a low of 67.13 and trading side wise session after pair breaking out few days back now 67.00-67.05 will act as a strong support in the pair on spot basis and any dip can be utilized to go long in the pair and short term resistance will come around 67.40 levels
Fundamental Overview
US dollar index is trading at 94.69; appreciating in overnight trade against the majors despite weaker than expected existing home sales data. With less than two days remaining for the Jackson Hole symposium, investors began shoring up dollars. Weekly jobless claims, Services PMI and durable goods orders are due to be reported today but would have little impact before key event tomorrow. Expect dollar to remain afloat against majors.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:30:00 USD Jackson Hole Symposium
18:00:00 USD Core Durable Goods Orders (MoM) (Jul) 0.50% -0.40%
18:00:00 USD Durable Goods Orders (MoM) (Jul) 3.30% -3.90%
18:00:00 USD Initial Jobless Claims 265K 262K
19:15:00 USD Services PMI (Aug) 52 51.4