USDINR TECHNICAL OUTLOOK:18.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 67.96 and made a high of 68.00 and was seen a side wise action making a inside bar after follow through buying a day before 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 so dips shall be utilized to
but the pair.
Fundamental Overview
US dollar index is trading at 101.25, resuming the rally after FED chair Yellen reaffirmed the US economic rebound, stating that the unemployment and inflation levels are close to targeted levels. She has informed the committee that the rates should raise sooner and markets have reacted to the events with vigor to drive the dollar higher. No major data to be reported today and we can expect the dollar to continue its reign.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
16:00:00 USD FOMC Member Bullard Speaks
20:00:00 USD FOMC Member Dudley Speaks
20:00:00 USD FOMC Member George Speaks
23:30:00 USD U.S. Baker Hughes Oil Rig Count
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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but the pair.
Fundamental Overview
US dollar index is trading at 101.25, resuming the rally after FED chair Yellen reaffirmed the US economic rebound, stating that the unemployment and inflation levels are close to targeted levels. She has informed the committee that the rates should raise sooner and markets have reacted to the events with vigor to drive the dollar higher. No major data to be reported today and we can expect the dollar to continue its reign.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
16:00:00 USD FOMC Member Bullard Speaks
20:00:00 USD FOMC Member Dudley Speaks
20:00:00 USD FOMC Member George Speaks
23:30:00 USD U.S. Baker Hughes Oil Rig Count