USDINR Intraday Outlook : 30.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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US dollar index is trading 99.91, rebounding from the lows of 99.50 in yesterday’s session. US dollar has strengthened against majors, after U.S. housing sector data was reported better than expectations and the investors had remained optimistic over the strength of the economy. Meanwhile, several comments from Federal Reserve officials helped shift investors’ focus to the prospect of additional rate hikes this year, after Fed member Charles Evans said he has confidence that two total rate increases in 2017 seems “very safe. While, Federal Reserve Bank of Boston President Eric Rosengren took a somewhat bullish outlook on possible rate hikes, after he said the U.S. central bank should be prepared to raise interest rates a total of four times in 2017 to prevent the U.S. economy from overheating. Today, markets would focus on US Q4 GDP and Initial Jobless claims.