USDINR TECHNICAL OUTLOOK : 16.01.2017
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, recouping some of the losses from the previous weak despite a lower than expected reading in the retail sales data. Stronger inflation data in the consumer sentiment report
overshadowed a somewhat disappointing retail sales and markets closed on a sideways note. US markets remain closed today for Martin Luther King day and expect sideways movement in the US dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
All Day USD United States - Martin Luther King, Jr. Day
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 101.50, recouping some of the losses from the previous weak despite a lower than expected reading in the retail sales data. Stronger inflation data in the consumer sentiment report
overshadowed a somewhat disappointing retail sales and markets closed on a sideways note. US markets remain closed today for Martin Luther King day and expect sideways movement in the US dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
All Day USD United States - Martin Luther King, Jr. Day