USDINR TECHNICAL OUTLOOK : 18.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 68.09 and made a high of 68.23 and saw the pair had a negative bias yesterday 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 shootup the demand for the US dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Core CPI (YoY) (Dec) 2.20% 2.10%
19:00 USD Core CPI (MoM) (Dec) 0.20% 0.20%
19:00 USD CPI (MoM) (Dec) 0.30% 0.20%
19:30 USD FOMC Member Kaplan Speaks
19:45 USD Industrial Production (MoM) (Dec) 0.60% -0.40%
21:30 USD FOMC Member Kashkari Speaks
4:30 USD FOMC Member Williams Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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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 shootup the demand for the US dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Core CPI (YoY) (Dec) 2.20% 2.10%
19:00 USD Core CPI (MoM) (Dec) 0.20% 0.20%
19:00 USD CPI (MoM) (Dec) 0.30% 0.20%
19:30 USD FOMC Member Kaplan Speaks
19:45 USD Industrial Production (MoM) (Dec) 0.60% -0.40%
21:30 USD FOMC Member Kashkari Speaks
4:30 USD FOMC Member Williams Speaks