USDINR TECHNICAL OUTLOOK:29.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 68.49 and made a high of 68.97 and saw volatile session after some trend reversal from 69.00 levels , the pair has seen sharp selling a day before near to the previous high of 68.85 with the possibility that the central bank would have sold dollars to ease volatility. Expect the 68.95 will be a short term resistance and strong support comes at 68.70.
Fundamental Overview
US dollar index is trading at 101.38, having a mixed performance in yesterday’s session. US dollar
depreciated against the Yen but remained supported against the other majors. There was no major data but the minor pull back in the bond yields led to some selling in the dollar. Today could a replay of yesterday as markets would remain on the sidelines before the OPEC meeting tomorrow.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:00:00 PM USD GDP (QoQ) (Q3) 3.00% 2.90%
7:00:00 PM USD GDP Price Index (QoQ) (Q3) 1.50% 1.50%
7:30:00 PM USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Sep) 5.20% 5.10%
7:45:00 PM USD FOMC Member Dudley Speaks
8:30:00 PM USD CB Consumer Confidence (Nov) 101.2 98.6
11:10:00 PM USD FOMC Member Powell Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
US dollar index is trading at 101.38, having a mixed performance in yesterday’s session. US dollar
depreciated against the Yen but remained supported against the other majors. There was no major data but the minor pull back in the bond yields led to some selling in the dollar. Today could a replay of yesterday as markets would remain on the sidelines before the OPEC meeting tomorrow.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:00:00 PM USD GDP (QoQ) (Q3) 3.00% 2.90%
7:00:00 PM USD GDP Price Index (QoQ) (Q3) 1.50% 1.50%
7:30:00 PM USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Sep) 5.20% 5.10%
7:45:00 PM USD FOMC Member Dudley Speaks
8:30:00 PM USD CB Consumer Confidence (Nov) 101.2 98.6
11:10:00 PM USD FOMC Member Powell Speaks