USDINR TECHNICAL OUTLOOK:11.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 66.55 and made a low of 66.45 and had volatile session after 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 and will see some gap up opening in the pair , so now previous resistance will become a strong support
Fundamental Overview
US dollar index is trading at 98.64, continuing to trend higher against the majors in volatile trade yesterday. Bets for a rate hike from FED and the possible stimulus from the US leading to inflation are driving the dollar higher. Jobless claims data reported yesterday was better than expected adding to the dollar strength. This continued optimism could drive dollar much higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
4:30:00 PM USD OPEC Monthly Report
7:30:00 PM USD FOMC Member Stanley Fischer Speaks
8:30:00 PM USD Michigan Consumer Expectations (Nov) 77.3 76.8
8:30:00 PM USD Michigan Consumer Sentiment (Nov) 87.5 87.2
11:30:00 PM USD U.S. Baker Hughes Oil Rig Count 450
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 98.64, continuing to trend higher against the majors in volatile trade yesterday. Bets for a rate hike from FED and the possible stimulus from the US leading to inflation are driving the dollar higher. Jobless claims data reported yesterday was better than expected adding to the dollar strength. This continued optimism could drive dollar much higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
4:30:00 PM USD OPEC Monthly Report
7:30:00 PM USD FOMC Member Stanley Fischer Speaks
8:30:00 PM USD Michigan Consumer Expectations (Nov) 77.3 76.8
8:30:00 PM USD Michigan Consumer Sentiment (Nov) 87.5 87.2
11:30:00 PM USD U.S. Baker Hughes Oil Rig Count 450