USDINR TECHNICAL OUTLOOK : 31.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 68.28 and made a high of 68.30 and saw the pair trading with a negative bias and today likely to open on a negative note 10pasia lower the pair is having strong supports at 67.70spot if sustain can head higher so intraday can head near the supports so utilize any rise to sell the pair.
Fundamental Overview
US dollar index is trading at 100.23, depreciating against the basket of currencies, the fears over the foreign and economic policy that will be followed by new administration has caused jitters in the stock markets around the world and the effects of that are felt in the currency markets as well. Pending Home Sales data was reported better than expected. CB Consumer Confidence data to be reported late today. Expect US Dollar to be volatile with strong support coming at 67.70.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Employment Cost Index (QoQ) (Q4) 0.60% 0.60%
19:30 USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Nov) 5.10% 5.10%
20:15 USD Chicago PMI (Jan) 55 54.6
20:30 USD CB Consumer Confidence (Jan) 113 113.7
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 100.23, depreciating against the basket of currencies, the fears over the foreign and economic policy that will be followed by new administration has caused jitters in the stock markets around the world and the effects of that are felt in the currency markets as well. Pending Home Sales data was reported better than expected. CB Consumer Confidence data to be reported late today. Expect US Dollar to be volatile with strong support coming at 67.70.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Employment Cost Index (QoQ) (Q4) 0.60% 0.60%
19:30 USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Nov) 5.10% 5.10%
20:15 USD Chicago PMI (Jan) 55 54.6
20:30 USD CB Consumer Confidence (Jan) 113 113.7