USDINR TECHNICAL OUTLOOK : 21.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 67.89 and made a low of 67.85 and saw some buying from the lower levels after a side wise sessions ,the pair broke above the range of 67.75-67.95 and trending higher side now 67.95 will become support but spot 68.00 is levels to be watched out for, today likely to trade in range.
Fundamental Overview
US dollar index is trading at 103.10, traded on a softer note after scaling above the 103.50 during yesterday’s session. There was no major data that was reported from the US but the move can be attributed to profit booking in the dollar. New home sales data to be reported today but will have minimal impact on the US dollar. We can expect further consolidation amidst profit booking before the holiday session.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
20:30:00 USD Existing Home Sales (MoM) (Nov) -1.00% 2.00%
20:30:00 USD Existing Home Sales (Nov) 5.50M 5.60M
21:00:00 USD Crude Oil Inventories -2.515M -2.563M
21:00:00 USD Cushing Crude Oil Inventories 1.223M
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Fundamental Overview
US dollar index is trading at 103.10, traded on a softer note after scaling above the 103.50 during yesterday’s session. There was no major data that was reported from the US but the move can be attributed to profit booking in the dollar. New home sales data to be reported today but will have minimal impact on the US dollar. We can expect further consolidation amidst profit booking before the holiday session.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
20:30:00 USD Existing Home Sales (MoM) (Nov) -1.00% 2.00%
20:30:00 USD Existing Home Sales (Nov) 5.50M 5.60M
21:00:00 USD Crude Oil Inventories -2.515M -2.563M
21:00:00 USD Cushing Crude Oil Inventories 1.223M