USDINR TECHNICAL OUTLOOK:15.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 67.29 and made a low of 67.09 and had volatile to positive session ,the pair had violated the strong resistance of 67.00 levels and gapped up signifying strong demand and sustain above the breakout levels the pair is likely to trade with positive bias, any dips shall be utilized to buy the pair
Fundamental Overview
US dollar index is trading at 99.94, remaining upbeat in this week as well as investors continued to bet on rising interest rates and inflation in the US. Longer term interest rate of the 30 year US government bonds moved above the 3% mark yesterday, sending investors to scramble for dollar. This trend is likely to continue until the FOMC meeting in December where the FED is expected to raise rates by 0.25%.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD FOMC Member Rosengren Speaks
19:00:00 USD Core Retail Sales (MoM) (Oct) 0.50% 0.50%
19:00:00 USD Export Price Index (MoM) (Oct) 0.20% 0.30%
19:00:00 USD Import Price Index (MoM) (Oct) 0.40% 0.10%
19:00:00 USD NY Empire State Manufacturing Index (Nov) -2.5
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 99.94, remaining upbeat in this week as well as investors continued to bet on rising interest rates and inflation in the US. Longer term interest rate of the 30 year US government bonds moved above the 3% mark yesterday, sending investors to scramble for dollar. This trend is likely to continue until the FOMC meeting in December where the FED is expected to raise rates by 0.25%.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD FOMC Member Rosengren Speaks
19:00:00 USD Core Retail Sales (MoM) (Oct) 0.50% 0.50%
19:00:00 USD Export Price Index (MoM) (Oct) 0.20% 0.30%
19:00:00 USD Import Price Index (MoM) (Oct) 0.40% 0.10%
19:00:00 USD NY Empire State Manufacturing Index (Nov) -2.5