USDINR TECHNICAL OUTLOOK : 14.10.2016
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USDINR, the pair after opening at 66.91 and made a low of 66.87 had a
positive session after a gap up opening the had taken a strong support near its 66.60 levels and reversed suggesting demand at lower levels, and yesterday surpass the resistance of 67.mark in coming days likely to test the high levels
Fundamental Overview
US dollar index is trading at 97.63, depreciating marginally against the majors as investors favoured locking in some profits as we enter the last trading session of the week. Weekly jobless claims remained at multi year lows and focus would be on the US retail sales, consumer confidence and the FED chair’s speech later tonight. We expect some slowdown in the US dollar rally but continue to believe that there is a further upside
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD Core PPI (MoM) (Sep) 0.10% 0.10%
18:00:00 USD Core Retail Sales (MoM) (Sep) 0.40% -0.10%
18:00:00 USD FOMC Member Rosengren Speaks
18:00:00 USD PPI (MoM) (Sep) 0.20% 0.00%
18:00:00 USD Retail Sales (MoM) (Sep) 0.60% -0.30%
19:30:00 USD Business Inventories (MoM) (Aug) 0.20% 0.00%
19:30:00 USD Michigan Consumer Expectations (Oct) 82.7 82.7
19:30:00 USD Michigan Consumer Sentiment (Oct) 91.9 91.2
22:30:00 USD U.S. Baker Hughes Oil Rig Count 428
23:00:00 USD Fed Chair Yellen Speaks
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positive session after a gap up opening the had taken a strong support near its 66.60 levels and reversed suggesting demand at lower levels, and yesterday surpass the resistance of 67.mark in coming days likely to test the high levels
Fundamental Overview
US dollar index is trading at 97.63, depreciating marginally against the majors as investors favoured locking in some profits as we enter the last trading session of the week. Weekly jobless claims remained at multi year lows and focus would be on the US retail sales, consumer confidence and the FED chair’s speech later tonight. We expect some slowdown in the US dollar rally but continue to believe that there is a further upside
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD Core PPI (MoM) (Sep) 0.10% 0.10%
18:00:00 USD Core Retail Sales (MoM) (Sep) 0.40% -0.10%
18:00:00 USD FOMC Member Rosengren Speaks
18:00:00 USD PPI (MoM) (Sep) 0.20% 0.00%
18:00:00 USD Retail Sales (MoM) (Sep) 0.60% -0.30%
19:30:00 USD Business Inventories (MoM) (Aug) 0.20% 0.00%
19:30:00 USD Michigan Consumer Expectations (Oct) 82.7 82.7
19:30:00 USD Michigan Consumer Sentiment (Oct) 91.9 91.2
22:30:00 USD U.S. Baker Hughes Oil Rig Count 428
23:00:00 USD Fed Chair Yellen Speaks