USDINR TECHNICAL OUTLOOK : 27.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Above is the Daily Chart of USDINR, the pair after opening at 66.78 and made a high of 66.80 and had a side to weak session after a trending session day before, the pair could not surpass the strong resistance of 67.20 and had given a breakdown of consolidation of 66.95-67.20 (triangle ) few days back so its likely to face strong resistance near 67.00 mark but intraday will see some volatility in the pair and can play for some bounce from lower levels
Fundamental Overview
US dollar index is trading at 95.28, recovering from the lows near 95.00 that were seen yesterday. Better than expected new home sales were reported for the month of August but the key focus remained on the first US presidential debate for 2016. The debate had a positive impact on the markets with Asia recovering after the same. The race is still considered close and the uncertainty can benefit the US dollar
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:30:00 USD S&P/CS HPI Composite - 20 n.s.a.
(YoY) (Jul) 5.10% 5.10%
19:15:00 USD Services PMI (Sep) 51.1 51
19:30:00 USD CB Consumer Confidence (Sep) 99 101.1
20:45:00 USD
FOMC Member Stanley Fischer Speaks
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Fundamental Overview
US dollar index is trading at 95.28, recovering from the lows near 95.00 that were seen yesterday. Better than expected new home sales were reported for the month of August but the key focus remained on the first US presidential debate for 2016. The debate had a positive impact on the markets with Asia recovering after the same. The race is still considered close and the uncertainty can benefit the US dollar
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:30:00 USD S&P/CS HPI Composite - 20 n.s.a.
(YoY) (Jul) 5.10% 5.10%
19:15:00 USD Services PMI (Sep) 51.1 51
19:30:00 USD CB Consumer Confidence (Sep) 99 101.1
20:45:00 USD
FOMC Member Stanley Fischer Speaks