USDINR TECHNICAL OUTLOOK:16.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 67.72 and made a low of 67.09 and was trading sidewise after a positive start ,the pair had violated the strong resistance of 67.00 levels and gapped up signifying and yesterday made a high of 67.94 but in end made low of 67.09 so for the day pair liklety to find resistance at higher levels
Fundamental Overview
US dollar index is trading at 99.96, after a brief stint above the 100 mark in yesterday’s session. Better than expected retail sales data reported yesterday added momentum to the dollar rally but the minor retreat in the US bond yields helped tamed the dollar rally. There is no major data to be reported today and markets look forward to Yellen’s testimony tomorrow. Behavior of bond yields would be the key for today’s markets.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:30:00 USD FOMC Member Bullard Speaks 19:00:00
USD Core PPI (MoM) (Oct) 0.20% 0.20%
19:00:00 USD PPI (MoM) (Oct) 0.30% 0.30%
19:45:00 USD Industrial Production (MoM) (Oct) 0.20% 0.10%
21:00:00 USD Crude Oil Inventories 1.480M 2.432M
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 99.96, after a brief stint above the 100 mark in yesterday’s session. Better than expected retail sales data reported yesterday added momentum to the dollar rally but the minor retreat in the US bond yields helped tamed the dollar rally. There is no major data to be reported today and markets look forward to Yellen’s testimony tomorrow. Behavior of bond yields would be the key for today’s markets.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
13:30:00 USD FOMC Member Bullard Speaks 19:00:00
USD Core PPI (MoM) (Oct) 0.20% 0.20%
19:00:00 USD PPI (MoM) (Oct) 0.30% 0.30%
19:45:00 USD Industrial Production (MoM) (Oct) 0.20% 0.10%
21:00:00 USD Crude Oil Inventories 1.480M 2.432M