USDINR TECHNICAL OUTLOOK:4.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 67.00 and made a high of 67.03 and had side wise session to a narrow range bar that suggest bulls and bears are in tug of war, for past many weeks and the pair is trading in the range of 66.60-67.00 levels for past many days on spot basis , and trend is likely to be the same for the day.
Fundamental Overview
US dollar index is trading at 97.27, little changed from the previous days levels as investors remained nervous before the US elections. Markets are highly anxious about a Trump win, which could disrupt the current set up cross the globe. Non-farm payrolls may induce some volatility but markets are likely to remain on the sidelines till the election results are out.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
6:00:00 PM USD
Average Hourly Earnings (MoM) (Oct)
0.20% 0.20%
6:00:00 PM
USD Nonfarm Payrolls (Oct)
170K 156K
6:00:00 PM
USD Private Nonfarm Payrolls (Oct)
160K 167K
6:00:00 PM
USD Unemployment Rate (Oct)
4.90% 5.00%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 97.27, little changed from the previous days levels as investors remained nervous before the US elections. Markets are highly anxious about a Trump win, which could disrupt the current set up cross the globe. Non-farm payrolls may induce some volatility but markets are likely to remain on the sidelines till the election results are out.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
6:00:00 PM USD
Average Hourly Earnings (MoM) (Oct)
0.20% 0.20%
6:00:00 PM
USD Nonfarm Payrolls (Oct)
170K 156K
6:00:00 PM
USD Private Nonfarm Payrolls (Oct)
160K 167K
6:00:00 PM
USD Unemployment Rate (Oct)
4.90% 5.00%