USDINR TECHNICAL OUTLOOK : 22.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 67.95 and made a low of 67.85 and saw some buying from the lower levels after a strong sessions ,the pair broke above the range of 67.75-67.95 and few days back and again back to range to trade the range likely to be.
Fundamental Overview
US dollar index is trading at 102.96 and has traded in a narrow range of 102.80-103.20. Existing home sales data print was better than expected but traders seemed to focus on the upcoming holiday session to lock in the profits. Expect no major fireworks in the currency markets but the US data in the evening will add some sparks to an otherwise dull holiday thinned session.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core Durable Goods Orders (MoM) (Nov) 0.20% 0.80%
19:00:00 USD Durable Goods Orders (MoM) (Nov) -4.70% 4.60%
19:00:00 USD GDP (QoQ) (Q3) 3.30% 3.20%
19:00:00 USD GDP Price Index (QoQ) (Q3) 1.40% 1.40%
19:00:00 USD Initial Jobless Claims 256K 254K
20:30:00 USD Core PCE Price Index (MoM) (Nov) 0.10% 0.10%
20:30:00 USD Core PCE Price Index (YoY) (Nov) 1.70% 20:30:00 USD Personal Spending (MoM) (Nov) 0.30% 0.30%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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USDINR, the pair after opening at 67.95 and made a low of 67.85 and saw some buying from the lower levels after a strong sessions ,the pair broke above the range of 67.75-67.95 and few days back and again back to range to trade the range likely to be.
Fundamental Overview
US dollar index is trading at 102.96 and has traded in a narrow range of 102.80-103.20. Existing home sales data print was better than expected but traders seemed to focus on the upcoming holiday session to lock in the profits. Expect no major fireworks in the currency markets but the US data in the evening will add some sparks to an otherwise dull holiday thinned session.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core Durable Goods Orders (MoM) (Nov) 0.20% 0.80%
19:00:00 USD Durable Goods Orders (MoM) (Nov) -4.70% 4.60%
19:00:00 USD GDP (QoQ) (Q3) 3.30% 3.20%
19:00:00 USD GDP Price Index (QoQ) (Q3) 1.40% 1.40%
19:00:00 USD Initial Jobless Claims 256K 254K
20:30:00 USD Core PCE Price Index (MoM) (Nov) 0.10% 0.10%
20:30:00 USD Core PCE Price Index (YoY) (Nov) 1.70% 20:30:00 USD Personal Spending (MoM) (Nov) 0.30% 0.30%