USDINR TECHNICAL OUTLOOK : 29.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 68.29 and made a high of 68.44 and saw some volatile to positive session after a gap up opening in the pair yesterday the pair is making higher high so any dips shall be utilized to buy the pair.
Fundamental Overview
US dollar index is trading at 103.03,US dollar loses its momentum after the below expected Home sales data while Yen appreciated against the dollar and pound and euro bounced from the lows, major data to watch Initial jobless claims scheduled to report in the evening .
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:00 USD Goods Trade Balance (Nov) -61.50B -61.99B
7:00 USD Initial Jobless Claims 264K 275K
9:30 USD Crude Oil Inventories -1.500M 2.256M
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 103.03,US dollar loses its momentum after the below expected Home sales data while Yen appreciated against the dollar and pound and euro bounced from the lows, major data to watch Initial jobless claims scheduled to report in the evening .
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
7:00 USD Goods Trade Balance (Nov) -61.50B -61.99B
7:00 USD Initial Jobless Claims 264K 275K
9:30 USD Crude Oil Inventories -1.500M 2.256M