USDINR TECHNICAL OUTLOOK : 20.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 68.28 and made a high of 68.33 and saw the pair traded volatile the pair touch the range higher levels of 68.35 on spot few days back and now drifting towards lower end 67.70-67.80 but overall it remains in the range of 67.70-68.40 in spot and likely to trade that range during themonth so trade that range.
Fundamental Overview
US dollar index is trading at 100.98 after scaling to 101.68 in the US session. Better than expected
unemployment and housing data propelled the Dollar higher. Traders however were quick to book profits as markets remained nervous before the Trump inauguration and are likely to wait on the sidelines for today. Longer term picture remains strong for the Dollar but this consolidation phase is likely to continue for the next few weeks unless we see favourable policies fromthe Trump administration.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:15 USD FOMC Member Williams Speaks
6:30 USD Fed Chair Yellen Speaks
19:30 USD FOMC Member Harker Speaks
22:30 USD U.S. President Trump Speaks
23:30 USD U.S. Baker Hughes Oil Rig Count 522
23:30 USD FOMC Member Williams Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 100.98 after scaling to 101.68 in the US session. Better than expected
unemployment and housing data propelled the Dollar higher. Traders however were quick to book profits as markets remained nervous before the Trump inauguration and are likely to wait on the sidelines for today. Longer term picture remains strong for the Dollar but this consolidation phase is likely to continue for the next few weeks unless we see favourable policies fromthe Trump administration.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:15 USD FOMC Member Williams Speaks
6:30 USD Fed Chair Yellen Speaks
19:30 USD FOMC Member Harker Speaks
22:30 USD U.S. President Trump Speaks
23:30 USD U.S. Baker Hughes Oil Rig Count 522
23:30 USD FOMC Member Williams Speaks