USDINR TECHNICAL OUTLOOK : 25.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 68.11 and made a high of 68.19 and saw the pair trading sidewise between 68.05-68.20 levels and today likely to see a flat opening the pair is having a strong supports at 67.95 -68.00and likely to hold but near term pair remains on the rage bound between 67.70-68.35(spot) levels.
Fundamental Overview
US dollar index is trading at 100.20, appreciating against the majors as risk appetite improved and markets digested the TPP pull off by the US government. There were few more executive orders signed off yesterday that included a pipeline project that was scrapped by the Obama administration. A better than expected PMI print along with another sell off in the US bond markets added to the Dollar demand. We expect this recovery in the US dollar to continue today with 100 in the dollar index acting as a good support.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:30 USD MBA 30-Year Mortgage Rate 4.27%
17:30 USD MBA Mortgage Applications (WoW) 0.80%
17:30 USD MBA Purchase Index 229.4
17:30 USD Mortgage Market Index 382.2
17:30 USD Mortgage Refinance Index 1,263.20
19:30 USD House Price Index (MoM) (Nov) 0.40% 0.40%
19:30 USD House Price Index (YoY) (Nov) 6.20%
19:30 USD House Price Index (Nov) 240.2
21:00 USD Cushing Crude Oil Inventories -1.274M
21:00 USD Distillate Fuel Production -0.611M
23:30 USD 5-Year Note Auction 2.06%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Fundamental Overview
US dollar index is trading at 100.20, appreciating against the majors as risk appetite improved and markets digested the TPP pull off by the US government. There were few more executive orders signed off yesterday that included a pipeline project that was scrapped by the Obama administration. A better than expected PMI print along with another sell off in the US bond markets added to the Dollar demand. We expect this recovery in the US dollar to continue today with 100 in the dollar index acting as a good support.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:30 USD MBA 30-Year Mortgage Rate 4.27%
17:30 USD MBA Mortgage Applications (WoW) 0.80%
17:30 USD MBA Purchase Index 229.4
17:30 USD Mortgage Market Index 382.2
17:30 USD Mortgage Refinance Index 1,263.20
19:30 USD House Price Index (MoM) (Nov) 0.40% 0.40%
19:30 USD House Price Index (YoY) (Nov) 6.20%
19:30 USD House Price Index (Nov) 240.2
21:00 USD Cushing Crude Oil Inventories -1.274M
21:00 USD Distillate Fuel Production -0.611M
23:30 USD 5-Year Note Auction 2.06%