USDINR TECHNICAL OUTLOOK : 08.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
US dollar index is trading at 100.31, failing back from the 100.69 levels that were seen yesterday. Weakness in the Euro because of the political problems and the optimism about Trump drove the US dollar higher. US trade data was reported narrower than expected but had little impact. There is no data for the day and we expect the dollar index to remain supported near the 100 levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
23:30 USD 10-Year Note Auction 2.34%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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USDINR, the pair after opening at 67.44 made a low of 67.40 and could not sustain the lower levels and made a high of 67.59and intraday traded with positive bias , the pair has taken support at 67.05 on spot and reversed but going ahead the pair is likely to find resistance at 67.70 from where the pair breakdown of in todays session is expected to be highly volatile.Fundamental Overview
US dollar index is trading at 100.31, failing back from the 100.69 levels that were seen yesterday. Weakness in the Euro because of the political problems and the optimism about Trump drove the US dollar higher. US trade data was reported narrower than expected but had little impact. There is no data for the day and we expect the dollar index to remain supported near the 100 levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
23:30 USD 10-Year Note Auction 2.34%