USDINR Intraday Outlook : 5.4.2017
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 100.25, dovish remarks from a Federal Reserve official along with lackluster U.S. economic data weighed. New York Fed President William Dudley said Friday the central bank was in no rush to tighten monetary policy. U.S. consumer spending ticked up just 0.1% last month. The data indicated that the Fed is likely to stick to its cautious outlook on hiking rates. US Dollar was down almost 3% in the first quarter amid growing doubts over whether the Trump administration's economic proposals would boost the U.S. economy and allow the Fed to tighten policy more aggressively. Today, in terms of economic data we have ISM Manufacturing PMI to be reported later this evening and New York Fed President William Dudley is scheduled to speak.