USDINR TECHNICAL OUTLOOK : 17.10.2016
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USDINR, the pair after opening at 66.97 and made a high of 66.99 had a strong profit booking session after a gap up opening a day before, the pair had taken a strong support near its 66.60 levels and reversed suggesting demand at lower levels, but supply is coming in at 67.00 levels so likely the pair shall be range bound
Fundamental Overview
US dollar index is trading at 98.10, appreciating against the majors in today’s Asian session after a round of profit booking before the weekend. Retail sales rebounded on Friday but a drop in consumer sentiment led to profit booking. Yellen had little to add to the dollar movement and the overall strength of the US dollar remained intact. There is limited data from the US today and the focus would be on the overall market sentiment. We expect the US dollar to
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD
NY Empire State Manufacturing Index
(Oct) 1 -1.99
18:45:00 USD Industrial Production (MoM) (Sep) 0.20% -0.40%
21:45:00 USD
FOMC Member Stanley Fischer
Speaks
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USDINR, the pair after opening at 66.97 and made a high of 66.99 had a strong profit booking session after a gap up opening a day before, the pair had taken a strong support near its 66.60 levels and reversed suggesting demand at lower levels, but supply is coming in at 67.00 levels so likely the pair shall be range bound
Fundamental Overview
US dollar index is trading at 98.10, appreciating against the majors in today’s Asian session after a round of profit booking before the weekend. Retail sales rebounded on Friday but a drop in consumer sentiment led to profit booking. Yellen had little to add to the dollar movement and the overall strength of the US dollar remained intact. There is limited data from the US today and the focus would be on the overall market sentiment. We expect the US dollar to
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD
NY Empire State Manufacturing Index
(Oct) 1 -1.99
18:45:00 USD Industrial Production (MoM) (Sep) 0.20% -0.40%
21:45:00 USD
FOMC Member Stanley Fischer
Speaks