USDINR TECHNICAL OUTLOOK : 16.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
US dollar index is trading at 100.95, correcting from the levels of 101.75 that were seen after another set of positive economic data was reported from the US yesterday. Yellen continued with her hawkish tone on the second day of her testimony. Focus today would be on the initial jobless claims and the housing data. We expect the dollar bulls to come back after this minor sell off.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
8:30 USD Building Permits (Jan) 1.230M 1.210M
8:30 USD Building Permits (MoM) (Jan) 0.20% -0.20%
8:30 USD Housing Starts (MoM) (Jan) 0.10% 11.30%
8:30 USD Housing Starts (Jan) 1.222M 1.226M
8:30 USD Initial Jobless Claims 245K 234K
8:30 USD Philadelphia Fed Manufacturing Index (Feb) 18 23.6
8:30 USD Philly Fed Employment (Feb) 12.8
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
USDINR, the pair after opening at 66.93 made a high of 67.03 and was trading sidewise in a narrow range signifies contraction and trend is likely to be the same during the day between 66.88-67.12 with dollar index seeing some profit booking from higher levels likely to remain range bound.Fundamental Overview
US dollar index is trading at 100.95, correcting from the levels of 101.75 that were seen after another set of positive economic data was reported from the US yesterday. Yellen continued with her hawkish tone on the second day of her testimony. Focus today would be on the initial jobless claims and the housing data. We expect the dollar bulls to come back after this minor sell off.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
8:30 USD Building Permits (Jan) 1.230M 1.210M
8:30 USD Building Permits (MoM) (Jan) 0.20% -0.20%
8:30 USD Housing Starts (MoM) (Jan) 0.10% 11.30%
8:30 USD Housing Starts (Jan) 1.222M 1.226M
8:30 USD Initial Jobless Claims 245K 234K
8:30 USD Philadelphia Fed Manufacturing Index (Feb) 18 23.6
8:30 USD Philly Fed Employment (Feb) 12.8