USDINR TECHNICAL OUTLOOK : 9.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 67.49 and made a high of 67.63 and saw some selling continue after a volatile session but the pair having demand at lower levels and likely to see gap up opening if sustain above for 1st hours then likely to see some bounce but the crucial supports of 68 levels was violated and now that will become strong resistance ,so for the day can expect some bounce in
the pair.
Fundamental Overview
US dollar index is trading at 101.23, appreciating sharply after the ECB policy announcement in yesterday’s session. US being the only economy on the path of tightening, expect the dollar to strengthen in the coming months. There is no major economic data to be reported from the US today, but with rising bond yields, expect a continued rally in the dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
8:30:00 PM USD Michigan Consumer Expectations (Dec) 87 85.2
8:30:00 PM USD Michigan Consumer Sentiment (Dec) 94.5 93.8
11:30:00 PM USD U.S. Baker Hughes Oil Rig Count 477
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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the pair.
Fundamental Overview
US dollar index is trading at 101.23, appreciating sharply after the ECB policy announcement in yesterday’s session. US being the only economy on the path of tightening, expect the dollar to strengthen in the coming months. There is no major economic data to be reported from the US today, but with rising bond yields, expect a continued rally in the dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
8:30:00 PM USD Michigan Consumer Expectations (Dec) 87 85.2
8:30:00 PM USD Michigan Consumer Sentiment (Dec) 94.5 93.8
11:30:00 PM USD U.S. Baker Hughes Oil Rig Count 477