USDINR TECHNICAL OUTLOOK : 23.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 67.87 and made a low of 67.83 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 and is likely to trade with in the range for the day.
Fundamental Overview
US dollar index is trading at 103.04, printing a marginally positive move despite a deluge of positive data yesterday. Durable goods orders and Q3 GDP number beat expectations and personal income numbers were below consensus but the holiday thinned trading session limited strong moves in the currency markets. Expect the similar trend today with the US dollar remaining supported going into the weekend.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
20:30:00 USD Michigan Consumer Expectations (Dec) 89 88.9
20:30:00 USD Michigan Consumer Sentiment (Dec) 98 98
20:30:00 USD New Home Sales (MoM) (Nov) 0.021 -0.019
20:30:00 USD New Home Sales (Nov) 575K 563K
23:30:00 USD U.S. Baker Hughes Oil Rig Count 510
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 103.04, printing a marginally positive move despite a deluge of positive data yesterday. Durable goods orders and Q3 GDP number beat expectations and personal income numbers were below consensus but the holiday thinned trading session limited strong moves in the currency markets. Expect the similar trend today with the US dollar remaining supported going into the weekend.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
20:30:00 USD Michigan Consumer Expectations (Dec) 89 88.9
20:30:00 USD Michigan Consumer Sentiment (Dec) 98 98
20:30:00 USD New Home Sales (MoM) (Nov) 0.021 -0.019
20:30:00 USD New Home Sales (Nov) 575K 563K
23:30:00 USD U.S. Baker Hughes Oil Rig Count 510