USDINR TECHNICAL OUTLOOK : 02.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 67.79 and made a high of 67.88 and saw the pair trading with a negative bias after the gap down opening, during the budget session the pair was trading side wise but after the budget the pair started to trend on the lower side the pair has violated the triangle support and trending down until pair close above 67.70 trend would be negative.
Fundamental Overview
US dollar index is trading at 99.56, continuing to remain sold against the majors. A positive ADP jobs report and improved manufacturing data gave wings to the dollar in the US opening but the FOMC statement, which gave no clues about the next rate hike, drove the US dollar to a modest sell off. No Major data from the US today but markets would be looking forward to the non-farm payrolls data on Friday
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Initial Jobless Claims 250K 259K
19:00 USD Nonfarm Productivity (QoQ) (Q4) 1.00% 3.10%
19:00 USD Unit Labor Costs (QoQ) (Q4) 1.90% 0.70%
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 99.56, continuing to remain sold against the majors. A positive ADP jobs report and improved manufacturing data gave wings to the dollar in the US opening but the FOMC statement, which gave no clues about the next rate hike, drove the US dollar to a modest sell off. No Major data from the US today but markets would be looking forward to the non-farm payrolls data on Friday
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Initial Jobless Claims 250K 259K
19:00 USD Nonfarm Productivity (QoQ) (Q4) 1.00% 3.10%
19:00 USD Unit Labor Costs (QoQ) (Q4) 1.90% 0.70%