USDINR Intraday Outlook : 12.04.2017
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 at 100.67, trading lower against majors and 5 months low against Japanese Yen at 109.70 in yesterday’s session as geopolitical risk and falling U.S. Treasury yields made US dollar trader to keep away. US Treasury yields fell for second straight day as anxiety increased over the geopolitical risk and this move in Treasuries also weighed on US dollar. FOMC member Kashkari in a meet yesterday said that the pace of inflation and job growth are Fed’s main objectives and they are still lagging behind expectations. U.S. JOLTS job data which was reported yesterday climbed 118k in February to 5,743k, from a revised 86k increase in January to 5,625k. The rate was edged up to 3.8% from the 3.7% that had been in place for months. However, the rest of the report was on the weaker side. Today we have Federal Budget Balance, Export and Import Price Index numbers due to be reported along with a speech from FOMC member Kaplan. By end of the day the focus is on the geopolitical data rather than the economic data, so any news relating to geopolitical risk may have good impact on US dollar and Treasuries.