USDINR TECHNICAL OUTLOOK : 27.10.2016
Above is the Daily Chart of USDINR, the pair after opening at 67.18and made a high of 67.18 and had side wise session to a narrow range bar that suggest bulls and bears are in tug of war, for past many weeks and the pair is trading in the range of 66.60-67.00 levels for past many days on spot basis , and trend is likely to be the same for the day
Fundamental Overview
US dollar index is trading at 98.62, with no major change from the last two days. US dollar has remained supported at current levels but was unable to breach the 99 mark yesterday. Gains have been capped against the Euro and Pound despite the positive economic data being reported yesterday. The US trade balance, new home sales have been reported higher, pending home sales and overall market sentiment would be the key drivers for the day.
Economic Data & News TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD
Core Durable Goods Orders (MoM)
(Sep) 0.20% -0.20%
18:00:00 USD Durable Goods Orders (MoM) (Sep) 0.10% 0.10%
18:00:00 USD Initial Jobless Claims 255K 260K
19:30:00 USD Pending Home Sales (MoM) (Sep) 1.20% -2.40%
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Above is the Daily Chart of USDINR, the pair after opening at 67.18and made a high of 67.18 and had side wise session to a narrow range bar that suggest bulls and bears are in tug of war, for past many weeks and the pair is trading in the range of 66.60-67.00 levels for past many days on spot basis , and trend is likely to be the same for the day
Fundamental Overview
US dollar index is trading at 98.62, with no major change from the last two days. US dollar has remained supported at current levels but was unable to breach the 99 mark yesterday. Gains have been capped against the Euro and Pound despite the positive economic data being reported yesterday. The US trade balance, new home sales have been reported higher, pending home sales and overall market sentiment would be the key drivers for the day.
Economic Data & News TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD
Core Durable Goods Orders (MoM)
(Sep) 0.20% -0.20%
18:00:00 USD Durable Goods Orders (MoM) (Sep) 0.10% 0.10%
18:00:00 USD Initial Jobless Claims 255K 260K
19:30:00 USD Pending Home Sales (MoM) (Sep) 1.20% -2.40%