USDINR TECHNICAL OUTLOOK : 15.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
US dollar index is trading at 101.30, appreciating against the majors after FED chairperson Yellen’s hawkish statement. In semiannual testimony to the senate, she said the economy is in the right track and will lead to policy normalization sooner than later, prompting a March hike and every meeting in the coming months to be alive. US retail sales and inflation data to be published today and we expect the US dollar to appreciate marginally or remain supported at the current levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Core CPI (MoM) (Jan) 0.20% 0.20%
19:00 USD Core CPI (YoY) (Jan) 2.10% 2.20%
19:00 USD Core Retail Sales (MoM) (Jan) 0.40% 0.20%
19:00 USD CPI (MoM) (Jan) 0.30% 0.30%
19:00 USD NY Empire State Manufacturing Index (Feb) 7 6.5
19:00 USD Retail Sales (MoM) (Jan) 0.10% 0.60%
19:45 USD Industrial Production (MoM) (Jan) 0.10% 0.80%
20:30 USD Business Inventories (MoM) (Dec) 0.40% 0.70%
20:30 USD Fed Chair Yellen Testifies
22:30 USD FOMC Member Rosengren Speaks
23:15 USD FOMC Member Harker Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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USDINR, the pair after opening at 67.08 made a high of 67.08 and was trading sidewise with a narrow range candle signifies contraction and trend is likely to be the same during the day between 66.85-67.10 with dollar index shooting up the pair can catch up with dollar so utilize the dips to buy the pair.Fundamental Overview
US dollar index is trading at 101.30, appreciating against the majors after FED chairperson Yellen’s hawkish statement. In semiannual testimony to the senate, she said the economy is in the right track and will lead to policy normalization sooner than later, prompting a March hike and every meeting in the coming months to be alive. US retail sales and inflation data to be published today and we expect the US dollar to appreciate marginally or remain supported at the current levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Core CPI (MoM) (Jan) 0.20% 0.20%
19:00 USD Core CPI (YoY) (Jan) 2.10% 2.20%
19:00 USD Core Retail Sales (MoM) (Jan) 0.40% 0.20%
19:00 USD CPI (MoM) (Jan) 0.30% 0.30%
19:00 USD NY Empire State Manufacturing Index (Feb) 7 6.5
19:00 USD Retail Sales (MoM) (Jan) 0.10% 0.60%
19:45 USD Industrial Production (MoM) (Jan) 0.10% 0.80%
20:30 USD Business Inventories (MoM) (Dec) 0.40% 0.70%
20:30 USD Fed Chair Yellen Testifies
22:30 USD FOMC Member Rosengren Speaks
23:15 USD FOMC Member Harker Speaks