USDINR TECHNICAL OUTLOOK : 15.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 67.57 and made a high of 67.64 and saw some selling at last hour of the trade after taken supports from the lower levels in the pair ,but the pair having demand at lower levels and likely to see some short covering coming if sustain above 68.00 mark in coming days.
Fundamental Overview
US dollar index is trading at 102.22, after the US FED played along the market expectations of a 0.25% hike but dropped a positive surprise by stretching the dot plot forecast to include three more hikes in 2017. The statement noted the improvement in employment and inflation, opening doors for additional fiscal and monetary stimulus in the days ahead. Expect the US dollar to continue rising higher into the year end.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core CPI (YoY) (Nov) 2.20% 2.10%
19:00:00 USD Core CPI (MoM) (Nov) 0.20% 0.10%
19:00:00 USD CPI (MoM) (Nov) 0.20% 0.40%
19:00:00 USD Current Account (Q3) -111.6B -119.9B
19:00:00 USD Initial Jobless Claims 255K 258K
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 102.22, after the US FED played along the market expectations of a 0.25% hike but dropped a positive surprise by stretching the dot plot forecast to include three more hikes in 2017. The statement noted the improvement in employment and inflation, opening doors for additional fiscal and monetary stimulus in the days ahead. Expect the US dollar to continue rising higher into the year end.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core CPI (YoY) (Nov) 2.20% 2.10%
19:00:00 USD Core CPI (MoM) (Nov) 0.20% 0.10%
19:00:00 USD CPI (MoM) (Nov) 0.20% 0.40%
19:00:00 USD Current Account (Q3) -111.6B -119.9B
19:00:00 USD Initial Jobless Claims 255K 258K