USDINR TECHNICAL OUTLOOK : 30.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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USDINR, the pair after opening at 68.40 and made a high of 68.46 and saw the pair trading sidewise to negative between 68.20-68.45 levels, but the pair has been on the range of 67.70-68.40 in spot levels for past many weeks and trend is likely to continue during the week so for today sell at rise.
Fundamental Overview
US dollar index is trading at 100.20, depreciating against the majors after the lower than expected Q4 GDP and core durable orders data. Executive order signed by Donald Trump banning immigrants from a few Islamic countries led to some risk off selling but markets seem to hold off after some initial sell off in the early Asian session. Expect sideways movement for the day with some more pressure on the US dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Core PCE Price Index (YoY) (Dec) 1.60%
19:00 USD Core PCE Price Index (MoM) (Dec) 0.20% 0.00%
19:00 USD Personal Spending (MoM) (Dec) 0.40% 0.20%
20:30 USD Pending Home Sales (MoM) (Dec) 0.60% -2.50%
19:00 USD Core PCE Price Index (YoY) (Dec) 1.60%
19:00 USD Core PCE Price Index (MoM) (Dec) 0.20% 0.00%
19:00 USD Personal Spending (MoM) (Dec) 0.40% 0.20%
