USDINR TECHNICAL OUTLOOK:17.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 67.81 and made a high of 68.08 and was seen a follow trough buying in the pair the pair had traded sidewise for many weeks in the range of 66.40- 67.00 and it broke out and trending on the higher side but going ahead 68.22 a previous swing high is likely
the target of the pair for the move but for the day pair likely to be on the range bound.
Fundamental Overview
US dollar index is trading at 100.26, after touching a peak of 100.60 in the overnight session. Economic data from the US was reported weaker than expected but markets continued to remain in the Trump rally for the time being. Bond yields and equities have cooled off from this week’s highs and markets would be looking forward to the statement from Janet Yellen for signs of an impending rate hike in the December meeting.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Building Permits (Oct) 1.198M 1.225M
19:00:00 USD Core CPI (MoM) (Oct) 0.20% 0.10%
19:00:00 USD Core CPI (YoY) (Oct) 2.20% 2.20%
19:00:00 USD CPI (MoM) (Oct) 0.40% 0.30%
19:00:00 USD Housing Starts (Oct) 1.156M 1.047M
19:00:00 USD Housing Starts (MoM) (Oct) 7.00% -9.00%
19:00:00 USD Initial Jobless Claims 257K 254K
19:00:00 USD Philadelphia Fed Manufacturing Index (Nov) 8 9.7
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USDINR, the pair after opening at 67.81 and made a high of 68.08 and was seen a follow trough buying in the pair the pair had traded sidewise for many weeks in the range of 66.40- 67.00 and it broke out and trending on the higher side but going ahead 68.22 a previous swing high is likely
the target of the pair for the move but for the day pair likely to be on the range bound.
Fundamental Overview
US dollar index is trading at 100.26, after touching a peak of 100.60 in the overnight session. Economic data from the US was reported weaker than expected but markets continued to remain in the Trump rally for the time being. Bond yields and equities have cooled off from this week’s highs and markets would be looking forward to the statement from Janet Yellen for signs of an impending rate hike in the December meeting.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Building Permits (Oct) 1.198M 1.225M
19:00:00 USD Core CPI (MoM) (Oct) 0.20% 0.10%
19:00:00 USD Core CPI (YoY) (Oct) 2.20% 2.20%
19:00:00 USD CPI (MoM) (Oct) 0.40% 0.30%
19:00:00 USD Housing Starts (Oct) 1.156M 1.047M
19:00:00 USD Housing Starts (MoM) (Oct) 7.00% -9.00%
19:00:00 USD Initial Jobless Claims 257K 254K
19:00:00 USD Philadelphia Fed Manufacturing Index (Nov) 8 9.7