USDINR TECHNICAL OUTLOOK:23.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 68.15 and made a high of 68.27 and was seen a side wise action making after a doji candle 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 that was the target for the move yesterday achieved and now likely to open on gap up if sustain 68.30 then will see some more follow through buying coming in
Fundamental Overview
US dollar index is trading at 101.05, rebounding in yesterday’s trade after a brief correction yesterday. Stronger than expected existing home sales data and new highs seen in the equity indices improved the appetite for US dollars. Investors would look forward to the FOMC meeting minutes for confirmation of a rate hike in December. US markets would close for a long weekend starting tomorrow and investors have historically booked profits before the holidays. Expect large swings in the dollar, especially against the Yen.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core Durable Goods Orders (MoM) (Oct) 0.20% 0.10%
19:00:00 USD Durable Goods Orders (MoM) (Oct) 1.50% -0.30%
19:00:00 USD Initial Jobless Claims 250K 235K
20:15:00 USD Manufacturing PMI (Nov) 53.4 53.4
20:30:00 USD Michigan Consumer Expectations (Nov) 82.5
20:30:00 USD Michigan Consumer Sentiment (Nov) 91.6 91.6
20:30:00 USD New Home Sales (MoM) (Oct) 0.003 0.031
20:30:00 USD New Home Sales (Oct) 593K 593K
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Fundamental Overview
US dollar index is trading at 101.05, rebounding in yesterday’s trade after a brief correction yesterday. Stronger than expected existing home sales data and new highs seen in the equity indices improved the appetite for US dollars. Investors would look forward to the FOMC meeting minutes for confirmation of a rate hike in December. US markets would close for a long weekend starting tomorrow and investors have historically booked profits before the holidays. Expect large swings in the dollar, especially against the Yen.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core Durable Goods Orders (MoM) (Oct) 0.20% 0.10%
19:00:00 USD Durable Goods Orders (MoM) (Oct) 1.50% -0.30%
19:00:00 USD Initial Jobless Claims 250K 235K
20:15:00 USD Manufacturing PMI (Nov) 53.4 53.4
20:30:00 USD Michigan Consumer Expectations (Nov) 82.5
20:30:00 USD Michigan Consumer Sentiment (Nov) 91.6 91.6
20:30:00 USD New Home Sales (MoM) (Oct) 0.003 0.031
20:30:00 USD New Home Sales (Oct) 593K 593K