USDINR TECHNICAL OUTLOOK : 14.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 67.50 and made a high of 67.61 and saw some buying from the lower levels to side wise action in the pair ,but the pair having demand at lower levels and likely to see some side wise activity in the session before the FED meet the pair is having a strong supports at 67.10 while the resistance at 67.70
Fundamental Overview
US dollar index is trading at 101.03, oscillating around the 101 mark as markets remained on the sidelines before the FOMC policy announcement later in the evening. There was no major economic data that was reported except for the import and export data. Markets are pricing in a 25 bps rate hike and the same would not yield any major surprises for the dollar but any positive surprise in the form of a hawkish forward guidance would be drive the US dollar index past the 102.00 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core PPI (MoM) (Nov) 0.20% -0.20%
19:00:00 USD Core Retail Sales (MoM) (Nov) 0.40% 0.80%
19:00:00 USD PPI (MoM) (Nov) 0.10% 0.00%
19:00:00 USD Retail Sales (MoM) (Nov) 0.30% 0.80%
19:45:00 USD Industrial Production (MoM) (Nov) -0.20% 0.00%
20:30:00 USD Business Inventories (MoM) (Oct) -0.10% 0.10%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
US dollar index is trading at 101.03, oscillating around the 101 mark as markets remained on the sidelines before the FOMC policy announcement later in the evening. There was no major economic data that was reported except for the import and export data. Markets are pricing in a 25 bps rate hike and the same would not yield any major surprises for the dollar but any positive surprise in the form of a hawkish forward guidance would be drive the US dollar index past the 102.00 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core PPI (MoM) (Nov) 0.20% -0.20%
19:00:00 USD Core Retail Sales (MoM) (Nov) 0.40% 0.80%
19:00:00 USD PPI (MoM) (Nov) 0.10% 0.00%
19:00:00 USD Retail Sales (MoM) (Nov) 0.30% 0.80%
19:45:00 USD Industrial Production (MoM) (Nov) -0.20% 0.00%
20:30:00 USD Business Inventories (MoM) (Oct) -0.10% 0.10%