USDINR TECHNICAL OUTLOOK:10.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 66.79 and made a low of 66.63 and had volatile session before the us election result, the pair had ben trading in the range of 67 on the higher side and lower side 66. 60 for many weeks now it violated the supports that will become resistance e but on down side 66.36 will act as a support.
Fundamental Overview
US dollar index is trading at 98.42, appreciating against all the majors in a surprise move after the US
election results were declared yesterday. Analysts remained amazed with the scale of recovery the US dollar has posted. It is likely that dollar would consolidate at current levels and with a December rate likely to remain off the table, we can expect a minor retreat from yesterday’s highs.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:30:00 AM USD FOMC Member Williams Speaks
2:30:00 PM USD IEA Monthly Report
7:00:00 PM USD Initial Jobless Claims 260K 265K
7:45:00 PM USD FOMC Member Bullard Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
US dollar index is trading at 98.42, appreciating against all the majors in a surprise move after the US
election results were declared yesterday. Analysts remained amazed with the scale of recovery the US dollar has posted. It is likely that dollar would consolidate at current levels and with a December rate likely to remain off the table, we can expect a minor retreat from yesterday’s highs.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:30:00 AM USD FOMC Member Williams Speaks
2:30:00 PM USD IEA Monthly Report
7:00:00 PM USD Initial Jobless Claims 260K 265K
7:45:00 PM USD FOMC Member Bullard Speaks