USDINR TECHNICAL OUTLOOK : 22.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
US dollar index is trading at 101.27, continuing to remain supported near the 101.00 levels despite the weak economic data print yesterday. Markets would be focused on the FOMC meeting minutes that are to be released today. FOMC members have been optimistic and kept the March hike on the table, markets would be scanning for any hints of a hike. We expect dollar to remain supported near the 101.00 levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:00 USD FOMC Member Williams Speaks
20:30 USD Existing Home Sales (Jan) 5.54M 5.49M
20:30 USD Existing Home Sales (MoM) (Jan) 1.10% -2.80%
23:30 USD FOMC Member Powell Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USDINR, the pair after opening at 67.15made a low of 67.02 and was trading sidewise in a narrow range after opening gap up 9 paisa the pair made a low of 67.02 and bounced but overall 67.00 on spot is likely to act as a support and pair is likely to trade with some side wise to positive bias during the day.Fundamental Overview
US dollar index is trading at 101.27, continuing to remain supported near the 101.00 levels despite the weak economic data print yesterday. Markets would be focused on the FOMC meeting minutes that are to be released today. FOMC members have been optimistic and kept the March hike on the table, markets would be scanning for any hints of a hike. We expect dollar to remain supported near the 101.00 levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:00 USD FOMC Member Williams Speaks
20:30 USD Existing Home Sales (Jan) 5.54M 5.49M
20:30 USD Existing Home Sales (MoM) (Jan) 1.10% -2.80%
23:30 USD FOMC Member Powell Speaks