USDINR TECHNICAL OUTLOOK : 14.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
US dollar index is trading at 101.00, remaining largely unchanged in yesterday’s non-eventful session. Market optimism continues to remain high as investors bet on tax cuts from the Uncle Sam in the next 2 weeks. Markets would be watching out for the PPI data from the US and the testimony of FED chair Yellen to the US senate for hints about future rate hikes.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Core PPI (MoM) (Jan) 0.20% 0.20%
19:00 USD PPI (MoM) (Jan) 0.30% 0.30%
19:20 USD FOMC Member Lacker Speaks
20:30 USD Fed Chair Yellen Testifies
23:30 USD FOMC Member Kaplan Speaks
23:45 USD FOMC Member Lockhart Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USDINR, the pair after opening at 66.96 made a low of 66.96 and was trading with a positive bias after falling from the levels 68.40 the par took a support at 66.70 levels and now showing sign of recovering so likely to trade with positive bias and can test levels of 67.10 in spot levels.Fundamental Overview
US dollar index is trading at 101.00, remaining largely unchanged in yesterday’s non-eventful session. Market optimism continues to remain high as investors bet on tax cuts from the Uncle Sam in the next 2 weeks. Markets would be watching out for the PPI data from the US and the testimony of FED chair Yellen to the US senate for hints about future rate hikes.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Core PPI (MoM) (Jan) 0.20% 0.20%
19:00 USD PPI (MoM) (Jan) 0.30% 0.30%
19:20 USD FOMC Member Lacker Speaks
20:30 USD Fed Chair Yellen Testifies
23:30 USD FOMC Member Kaplan Speaks
23:45 USD FOMC Member Lockhart Speaks