USDINR TECHNICAL OUTLOOK : 13.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 68.27 and made a high of 68.27 and saw the pair had a side wise session after a gap down opening the pair is consolidating in the range of 67.70-68.40 in spot and likely to trade that range during the month so trade that range.
Fundamental Overview
US dollar index is trading at 101.50, rebounding from the lows of 100.75 that were seen yesterday.
consolidation in the dollar continued as investors unwound the long dollar trades after President elect Trump failed to provide a road map in a recent press conference. Today, focus would on the retail sales data with is expected to be reported in line with expectations, and will help in further recovery of the US dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
0:15 USD FOMC Member Kaplan Speaks
0:30 USD Federal Budget Balance (Dec) -25.0B -137.0B
5:30 USD Fed Chair Yellen Speaks
19:00 USD Core PPI (MoM) (Dec) 0.10% 0.40%
19:00 USD Core Retail Sales (MoM) (Dec) 0.50% 0.20%
19:00 USD PPI (MoM) (Dec) 0.30% 0.40%
19:00 USD Retail Sales (MoM) (Dec) 0.70% 0.10%
20:00 USD FOMC Member Harker Speaks
20:30 USD Business Inventories (MoM) (Nov) 0.50% -0.20%
20:30 USD Michigan Consumer Expectations (Jan) 90.2 89.5
20:30 USD Michigan Consumer Sentiment (Jan) 98.5 98.2
23:30 USD U.S. Baker Hughes Oil Rig Count 529
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 101.50, rebounding from the lows of 100.75 that were seen yesterday.
consolidation in the dollar continued as investors unwound the long dollar trades after President elect Trump failed to provide a road map in a recent press conference. Today, focus would on the retail sales data with is expected to be reported in line with expectations, and will help in further recovery of the US dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
0:15 USD FOMC Member Kaplan Speaks
0:30 USD Federal Budget Balance (Dec) -25.0B -137.0B
5:30 USD Fed Chair Yellen Speaks
19:00 USD Core PPI (MoM) (Dec) 0.10% 0.40%
19:00 USD Core Retail Sales (MoM) (Dec) 0.50% 0.20%
19:00 USD PPI (MoM) (Dec) 0.30% 0.40%
19:00 USD Retail Sales (MoM) (Dec) 0.70% 0.10%
20:00 USD FOMC Member Harker Speaks
20:30 USD Business Inventories (MoM) (Nov) 0.50% -0.20%
20:30 USD Michigan Consumer Expectations (Jan) 90.2 89.5
20:30 USD Michigan Consumer Sentiment (Jan) 98.5 98.2
23:30 USD U.S. Baker Hughes Oil Rig Count 529