USDINR TECHNICAL OUTLOOK : 17.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
US dollar index is trading at 101.58. The dollar traded mixed in the absence of its domestic markets today, losing ground to an outperforming yen while gaining around to an under performing pound. There is no major data to be reported from the US today but focus would be on the US bond yields and any Brexit related risk sell off, which could shoot up the demand for the US dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD NY Empire State Manufacturing Index (Jan) 9 9
19:15 USD FOMC Member Dudley Speaks
20:30 USD FOMC Member Brainard Speaks
20:30 USD Treasury Secretary Lew Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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USDINR, the pair after opening at 68.34 and made a high of 68.39 and saw the pair had a negative to side wise session after a gap down opening few days back the pair is expected 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 101.58. The dollar traded mixed in the absence of its domestic markets today, losing ground to an outperforming yen while gaining around to an under performing pound. There is no major data to be reported from the US today but focus would be on the US bond yields and any Brexit related risk sell off, which could shoot up the demand for the US dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD NY Empire State Manufacturing Index (Jan) 9 9
19:15 USD FOMC Member Dudley Speaks
20:30 USD FOMC Member Brainard Speaks
20:30 USD Treasury Secretary Lew Speaks