USDINR TECHNICAL OUTLOOK:8.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 66.95 and made a high of 66.97 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 97.81, continuing to appreciate as markets seem to be hinging towards a Hillary win in the Presidential elections. Markets consider a Hillary win as a status quo and the flip flop from FBI led to a rise in risk appetite, lifting equities and the dollar across the board. Expect a slow trade for most of the day as investors would prefer to remain on the sidelines before the results are out.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
8:30:00 PM USD JOLTs Job Openings (Sep) 5.508M 5.443M
Tentative USD US Presidential Election
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
US dollar index is trading at 97.81, continuing to appreciate as markets seem to be hinging towards a Hillary win in the Presidential elections. Markets consider a Hillary win as a status quo and the flip flop from FBI led to a rise in risk appetite, lifting equities and the dollar across the board. Expect a slow trade for most of the day as investors would prefer to remain on the sidelines before the results are out.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
8:30:00 PM USD JOLTs Job Openings (Sep) 5.508M 5.443M
Tentative USD US Presidential Election