USDINR TECHNICAL OUTLOOK:10/25/2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 67.25and made a low of 67.16 and had side wise session to a narrow range bar that suggest bulls and bears are in tug of war, 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 98.75, remaining supported at multi month high as markets continue to price in the policy divergence between the US and the other major economies. US manufacturing PMI was reported higher at 53.2 and has added to the dollar strength. However, economic data took the back seat as markets are likely to continue to remained focus on the policy divergence.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:30:00 USD
S&P/CS HPI Composite - 20 n.s.a.
(YoY) (Aug) 0.05 0.05
19:30:00 USD CB Consumer Confidence (Oct) 101 104.1
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 98.75, remaining supported at multi month high as markets continue to price in the policy divergence between the US and the other major economies. US manufacturing PMI was reported higher at 53.2 and has added to the dollar strength. However, economic data took the back seat as markets are likely to continue to remained focus on the policy divergence.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:30:00 USD
S&P/CS HPI Composite - 20 n.s.a.
(YoY) (Aug) 0.05 0.05
19:30:00 USD CB Consumer Confidence (Oct) 101 104.1