USDINR TECHNICAL OUTLOOK : 2.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 68.84 and made a high of 68.84 and saw side wise to selling session after some trend reversal from 69.00 levels , the pair has seen sharp selling yesterday but strong supports of 68.35 key levels to watch if hold then can see some bounce in the pair but
likely to see some range bound activity.
Fundamental Overview
US dollar index is trading at 100.92, remaining subdued and failing to garner additional steam in yesterday’s session. There was a slight uptick in the weekly jobless claims and manufacturing activity has been reported to remain upbeat for the month of November. Markets are likely to remain cautious before the non-farm payrolls data in the evening and a positive reading would guarantee a rate hike on the 15th and is likely to drive the dollar higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:00:00 PM USD Average Hourly Earnings (MoM) (Nov) 0.20% 0.40%
7:00:00 PM USD Nonfarm Payrolls (Nov) 175K 161K
7:00:00 PM USD Participation Rate (Nov) 0.628
7:00:00 PM USD Private Nonfarm Payrolls (Nov) 165K 142K
7:00:00 PM USD Unemployment Rate (Nov) 4.90% 4.90%
7:15:00 PM USD FOMC Member Brainard Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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likely to see some range bound activity.
Fundamental Overview
US dollar index is trading at 100.92, remaining subdued and failing to garner additional steam in yesterday’s session. There was a slight uptick in the weekly jobless claims and manufacturing activity has been reported to remain upbeat for the month of November. Markets are likely to remain cautious before the non-farm payrolls data in the evening and a positive reading would guarantee a rate hike on the 15th and is likely to drive the dollar higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:00:00 PM USD Average Hourly Earnings (MoM) (Nov) 0.20% 0.40%
7:00:00 PM USD Nonfarm Payrolls (Nov) 175K 161K
7:00:00 PM USD Participation Rate (Nov) 0.628
7:00:00 PM USD Private Nonfarm Payrolls (Nov) 165K 142K
7:00:00 PM USD Unemployment Rate (Nov) 4.90% 4.90%
7:15:00 PM USD FOMC Member Brainard Speaks