USDINR TECHNICAL OUTLOOK : 27.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
US dollar index is trading at 101.16, rebounding from the lower levels near 100.60 that were seen on Friday. Doubts about the Trumpflation trade is keeping investors off the dollar but the focus would be on the state of the Union speech that is scheduled for tomorrow, where markets are expecting Trump to throw some light on the economic reforms and tax cuts. Durable goods orders and pending home sales data to be published today and we expect the US dollar index to stay above the 101.00 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Core Durable Goods Orders (MoM) (Jan) 0.50% 0.50%
19:00 USD Durable Goods Orders (MoM) (Jan) 1.70% -0.50%
20:30 USD Pending Home Sales (MoM) (Jan) 0.80% 1.60%
21:30 USD FOMC Member Kaplan Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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USDINR, the pair after opening at 67.24made a low of 67.03 and was trading in a narrow range with some negative bias the pair has been trading in the range of 66.65-67.05 in spot for many days and trend is likely to continue during the week, with strong supports coming at 66.50 while resistance coming at 66.95-67.00 spot levels to trade the above mentioned range.Fundamental Overview
US dollar index is trading at 101.16, rebounding from the lower levels near 100.60 that were seen on Friday. Doubts about the Trumpflation trade is keeping investors off the dollar but the focus would be on the state of the Union speech that is scheduled for tomorrow, where markets are expecting Trump to throw some light on the economic reforms and tax cuts. Durable goods orders and pending home sales data to be published today and we expect the US dollar index to stay above the 101.00 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Core Durable Goods Orders (MoM) (Jan) 0.50% 0.50%
19:00 USD Durable Goods Orders (MoM) (Jan) 1.70% -0.50%
20:30 USD Pending Home Sales (MoM) (Jan) 0.80% 1.60%
21:30 USD FOMC Member Kaplan Speaks