USDINR TECHNICAL OUTLOOK : 11.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 68.21 and made a low of 68.13 and saw the pair bounced from the supports of 68.00 on spot after a side wise to buying activity in the pair a day before, the pair is trading in the broader range of 67.70-68.40 and likely to trade in the range for some time, with positive bias so any dips shall be a buying opportunity.
Fundamental Overview
US dollar index is trading above the 102 mark after posting a marginal recovery in yesterday's session. There was no economic data or event that could induce some movement but markets are looking forward to the press conference of Donald Trump today. The speech is likely to remain upbeat and we will have to wait for the markets reaction. This could give another boost to the US dollar for the days ahead.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
21:00 USD Crude Oil Inventories 0.620M -7.051M
21:00 USD Cushing Crude Oil Inventories 1.074M
23:30 USD 10-Year Note Auction 2.49%
23:30 USD U.S. President Trump Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
US dollar index is trading above the 102 mark after posting a marginal recovery in yesterday's session. There was no economic data or event that could induce some movement but markets are looking forward to the press conference of Donald Trump today. The speech is likely to remain upbeat and we will have to wait for the markets reaction. This could give another boost to the US dollar for the days ahead.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
21:00 USD Crude Oil Inventories 0.620M -7.051M
21:00 USD Cushing Crude Oil Inventories 1.074M
23:30 USD 10-Year Note Auction 2.49%
23:30 USD U.S. President Trump Speaks