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Thursday, December 15, 2016
Wednesday, December 14, 2016
USD/JPY TECHNICAL OUTLOOK : 15.12.2016
USD/JPY TECHNICAL OUTLOOK : 15.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at 114.82 and made low of 115.47 and saw some sidewise session yesterday after a bearish candle few days back were the pair has created a shooting star pattern with some divergence in indicators but it continuing with the upward trend for past many days 114.70 is a key level , and the pair has taken out the resistance so likely to see some sidewise activity today gap up so intraday is a opportunity to buy.
Fundamental Overview
Yen is trading at 117.38, losing the most against the US dollar in yesterday’s trade. With the policy divergence back in play, expect the Dollar strength to continue for the time being and pullback if any would be limited. We are staring at a possibility of 120.00 in the near term once fiscal policy expansion begins to roll out.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 117.38, losing the most against the US dollar in yesterday’s trade. With the policy divergence back in play, expect the Dollar strength to continue for the time being and pullback if any would be limited. We are staring at a possibility of 120.00 in the near term once fiscal policy expansion begins to roll out.
GBP/USD TECHNICAL OUTLOOK : 15.16.2016
GBP/USD TECHNICAL OUTLOOK : 15.16.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2681 made a high of 1.2701, and seen some selling from the higher levels and but the pair respected the lower levels of 1.2550 few days back now violated that so that range is violated so rise is an opportunity to sell and pair, so intraday apply that strategy to sell at rise.
Fundamental Overview
Pound is trading at 1.2540, after trading above 1.27 before the FED statement. FED surprise confidence in the economy drove the US dollar against all the majors in yesterday’s trade. UK calendar is packed with data and the BOE interest rate decision is also due. Expect no surprises but a continuance of the neutral tone will aid some limited recovery in Pound.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Core Retail Sales (YoY) (Nov) 6.10% 7.60%
15:00:00 GBP Core Retail Sales (MoM) (Nov) 0.10% 2.00%
15:00:00 GBP Retail Sales (MoM) (Nov) 0.20% 1.90%
17:30:00 GBP BoE MPC vote cut (Dec) 0 0
17:30:00 GBP BoE MPC vote hike (Dec) 0 0
17:30:00 GBP BoE MPC vote unchanged (Dec) 9 9
17:30:00 GBP Interest Rate Decision (Dec) 0.25% 0.25%
17:30:00 GBP BoE QE Total (Dec) 435B 435B
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2540, after trading above 1.27 before the FED statement. FED surprise confidence in the economy drove the US dollar against all the majors in yesterday’s trade. UK calendar is packed with data and the BOE interest rate decision is also due. Expect no surprises but a continuance of the neutral tone will aid some limited recovery in Pound.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Core Retail Sales (YoY) (Nov) 6.10% 7.60%
15:00:00 GBP Core Retail Sales (MoM) (Nov) 0.10% 2.00%
15:00:00 GBP Retail Sales (MoM) (Nov) 0.20% 1.90%
17:30:00 GBP BoE MPC vote cut (Dec) 0 0
17:30:00 GBP BoE MPC vote hike (Dec) 0 0
17:30:00 GBP BoE MPC vote unchanged (Dec) 9 9
17:30:00 GBP Interest Rate Decision (Dec) 0.25% 0.25%
17:30:00 GBP BoE QE Total (Dec) 435B 435B
EUR/USD TECHNICAL OUTLOOK : 15.12.2016
EUR/USD TECHNICAL OUTLOOK : 15.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0625 Made a high of 1.0670 and saw the pair trading with some side hovering near 1.0650 and trading in the range of 1.06-1.0650 mark after selling pressure few days back were it tested near levels of 1.05 and in morning violated the said levels will see some more action with bias towards lower side so rise shall be an opportunity to sell the pair.
Fundamental Overview
Euro is trading at 1.0510, falling from near the 1.07 levels that were seen before the FOMC statement. Euro made a low of 1.0467 in the Asian session as the FED dot plot surprised market participants. Now that the FED policy is off and with no major news till the year end, recovery if any would be shallow and every rise should be used to sell.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:30:00 EUR ECB LTRO
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0510, falling from near the 1.07 levels that were seen before the FOMC statement. Euro made a low of 1.0467 in the Asian session as the FED dot plot surprised market participants. Now that the FED policy is off and with no major news till the year end, recovery if any would be shallow and every rise should be used to sell.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:30:00 EUR ECB LTRO
USDINR TECHNICAL OUTLOOK : 15.12.2016
USDINR TECHNICAL OUTLOOK : 15.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 67.57 and made a high of 67.64 and saw some selling at last hour of the trade after taken supports from the lower levels in the pair ,but the pair having demand at lower levels and likely to see some short covering coming if sustain above 68.00 mark in coming days.
Fundamental Overview
US dollar index is trading at 102.22, after the US FED played along the market expectations of a 0.25% hike but dropped a positive surprise by stretching the dot plot forecast to include three more hikes in 2017. The statement noted the improvement in employment and inflation, opening doors for additional fiscal and monetary stimulus in the days ahead. Expect the US dollar to continue rising higher into the year end.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core CPI (YoY) (Nov) 2.20% 2.10%
19:00:00 USD Core CPI (MoM) (Nov) 0.20% 0.10%
19:00:00 USD CPI (MoM) (Nov) 0.20% 0.40%
19:00:00 USD Current Account (Q3) -111.6B -119.9B
19:00:00 USD Initial Jobless Claims 255K 258K
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at 102.22, after the US FED played along the market expectations of a 0.25% hike but dropped a positive surprise by stretching the dot plot forecast to include three more hikes in 2017. The statement noted the improvement in employment and inflation, opening doors for additional fiscal and monetary stimulus in the days ahead. Expect the US dollar to continue rising higher into the year end.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core CPI (YoY) (Nov) 2.20% 2.10%
19:00:00 USD Core CPI (MoM) (Nov) 0.20% 0.10%
19:00:00 USD CPI (MoM) (Nov) 0.20% 0.40%
19:00:00 USD Current Account (Q3) -111.6B -119.9B
19:00:00 USD Initial Jobless Claims 255K 258K
Rupee opens 33 paise lower at 67.76/USD after Fed's hawkish tone : 15.12.2016
Rupee opens 33 paise lower at 67.76/USD after Fed's hawkish tone : 15.12.2016
The Indian rupee has opened at 67.76 against the US dollar, down 33 paise from previous close after the Federal Reserve hiked interest rate and its commentary was more hawkish than expected.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian rupee has opened at 67.76 against the US dollar, down 33 paise from previous close after the Federal Reserve hiked interest rate and its commentary was more hawkish than expected. Kotak Mahindra Bank says as expected, US Federal Reserve hiked Fed Funds rate by 25 bps overnight. The US central bank set a range of 0.50-0.75 percent and anticipated three rate hikes each in 2017, 2018 and 2019. However, the tone was more hawkish than what was priced in by the market resulting in further dollar strength across the board, Shenoi says. He sees the trading range between 67.70 and 68 against the US dollar for the day. The US dollar strengthened across the board, its index hitting the highest level in nearly 14 years, further weighing on oil and other commodities priced in the US currency. Johanna Chua of Citi says investors are likely to persist with long USD strategies against emerging market currencies, reloading these trades in the instances where they prematurely took profits, and joining the consensus where they were previously skeptical or were merely waiting for better entry levels. Although there remains considerable uncertainty about President-elect Trump's tax and trade policies, investors are likely to take comfort in the belief that that the majority of likely scenarios offer continued support to the Dollar, she feels.
The Indian rupee has opened at 67.76 against the US dollar, down 33 paise from previous close after the Federal Reserve hiked interest rate and its commentary was more hawkish than expected.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
10.30AM : Buy USDINR (NOV) SA 67.85 SL 67.74 Target 67.95 / 68.03 / 68.11
10.30AM : Sell USDINR (NOV) SB 67.69 SL 67.80 Target 67.59 / 67.51 / 67.43
10.30AM : Buy EURINR (NOV) SA 71.42 SL 71.31 Target 71.52 / 71.60 / 71.68
10.30AM : Sell EURINR (NOV) SB 71.26 SL 71.37 Target 71.16 / 71.08 / 71.00
10.30AM : Buy GBPINR (NOV) SA 85.11 SL 85.00 Target 85.21 / 85.29 / 85.37
10.30AM : Sell GBPINR (NOV) SB 84.95 SL 85.06 Target 84.85 / 84.77 / 84.69
10.30AM : Buy JPYINR (NOV) SA 57.87 SL 57.76 Target 57.97 / 58.05 / 58.13
10.30AM : Sell JPYINR (NOV) SB 57.71 SL 57.82 Target 57.61 / 57.53 / 57.45
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
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10.30AM : Sell USDINR (NOV) SB 67.69 SL 67.80 Target 67.59 / 67.51 / 67.43
10.30AM : Buy EURINR (NOV) SA 71.42 SL 71.31 Target 71.52 / 71.60 / 71.68
10.30AM : Sell EURINR (NOV) SB 71.26 SL 71.37 Target 71.16 / 71.08 / 71.00
10.30AM : Buy GBPINR (NOV) SA 85.11 SL 85.00 Target 85.21 / 85.29 / 85.37
10.30AM : Sell GBPINR (NOV) SB 84.95 SL 85.06 Target 84.85 / 84.77 / 84.69
10.30AM : Buy JPYINR (NOV) SA 57.87 SL 57.76 Target 57.97 / 58.05 / 58.13
10.30AM : Sell JPYINR (NOV) SB 57.71 SL 57.82 Target 57.61 / 57.53 / 57.45
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Rupee to open weaker, bond yield seen in 6.43-6.48% range : 15.16.2016
Rupee to open weaker, bond yield seen in 6.43-6.48% range : 15.16.2016
Kotak Mahindra Bank expects the USD-INR to open weaker and the trading range is seen between 67.70 and 68 against the US dollar for the day.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
US Federal Reserve hiked Fed Funds rate by 25 bps overnight. However the tone was more hawkish than what was priced in by the market resulting in further dollar strength across the board, he adds. He expects the USD-INR to open weaker and the trading range is seen between 67.70 and 68 against the US dollar for the day. Sentiment in the bond market is expected to be bearish today. The 10-year benchmark bond yield is expected to trade in a range of 6.43-6.48 percent for the day, he feels.
Kotak Mahindra Bank expects the USD-INR to open weaker and the trading range is seen between 67.70 and 68 against the US dollar for the day.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
9.30AM : Buy USDINR (NOV) SA 67.84 SL 67.73 Target 67.94 / 68.02 / 68.10
9.30AM : Sell USDINR (NOV) SB 67.68 SL 67.79 Target 67.58 / 67.50 / 67.42
9.30AM : Buy EURINR (NOV) SA 71.44 SL 71.33 Target 71.54 / 71.62 / 71.70
9.30AM : Sell EURINR (NOV) SB 71.28 SL 71.39 Target 71.18 / 71.10 / 71.02
9.30AM : Buy GBPINR (NOV) SA 85.15 SL 85.04 Target 85.25 / 85.33 / 85.41
9.30AM : Sell GBPINR (NOV) SB 84.99 SL 85.10 Target 84.89 / 84.81 / 84.73
9.30AM : Buy JPYINR (NOV) SA 57.94 SL 57.83 Target 58.04 / 58.12 / 58.20
9.30AM : Sell JPYINR (NOV) SB 57.78 SL 57.89 Target 57.68 / 57.60 / 57.52
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
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9.30AM : Buy USDINR (NOV) SA 67.84 SL 67.73 Target 67.94 / 68.02 / 68.10
9.30AM : Sell USDINR (NOV) SB 67.68 SL 67.79 Target 67.58 / 67.50 / 67.42
9.30AM : Buy EURINR (NOV) SA 71.44 SL 71.33 Target 71.54 / 71.62 / 71.70
9.30AM : Sell EURINR (NOV) SB 71.28 SL 71.39 Target 71.18 / 71.10 / 71.02
9.30AM : Buy GBPINR (NOV) SA 85.15 SL 85.04 Target 85.25 / 85.33 / 85.41
9.30AM : Sell GBPINR (NOV) SB 84.99 SL 85.10 Target 84.89 / 84.81 / 84.73
9.30AM : Buy JPYINR (NOV) SA 57.94 SL 57.83 Target 58.04 / 58.12 / 58.20
9.30AM : Sell JPYINR (NOV) SB 57.78 SL 57.89 Target 57.68 / 57.60 / 57.52
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Free Currency Tips India : 15.12.2016
Free Currency Tips India : 15.12.2016
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Tuesday, December 13, 2016
How to make Profit in Intraday Trading (One to One Training in Chennai)
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Currency Market Update : 14.12.2016 13:05
Currency Market Update : 14.12.2016 13:05
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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| Currency Market Update | ||||
| 12/14/2016 13:05 | ||||
| USDINR | : | Trend | - | UP |
| EURINR | : | Trend | - | UP |
| GBPINR | : | Trend | - | UP |
| JPYINR | : | Trend | - | UP |
| EURUSD | : | Trend | - | UP |
| GBPUSD | : | Trend | - | UP |
| USDCHF | : | Trend | - | Down |
| USDJPY | : | Trend | - | Down |
| USDCAD | : | Trend | - | Down |
| AUDUSD | : | Trend | - | UP |
| EURGBP | : | Trend | - | UP |
| EURAUD | : | Trend | - | UP |
| EURCHF | : | Trend | - | UP |
| EURJPY | : | Trend | - | UP |
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FREE USDINR TIPS 2nd SESSION : 14.12.2016
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( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
1.00PM : Buy USDINR (NOV) SA 67.67 SL 67.56 Target 67.77 / 67.85 / 67.93
1.00PM : Sell USDINR (NOV) SB 67.51 SL 67.62 Target 67.41 / 67.33 / 67.25
1.00PM : Buy EURINR (NOV) SA 72.18 SL 72.07 Target 72.28 / 72.36 / 72.44
1.00PM : Sell EURINR (NOV) SB 72.02 SL 72.13 Target 71.92 / 71.84 / 71.76
1.00PM : Buy GBPINR (NOV) SA 85.70 SL 85.59 Target 85.80 / 85.88 / 85.96
1.00PM : Sell GBPINR (NOV) SB 85.54 SL 85.65 Target 85.44 / 85.36 / 85.28
1.00PM : Buy JPYINR (NOV) SA 58.92 SL 58.81 Target 59.02 / 59.10 / 59.18
1.00PM : Sell JPYINR (NOV) SB 58.76 SL 58.87 Target 58.66 / 58.58 / 58.50
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
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1.00PM : Buy USDINR (NOV) SA 67.67 SL 67.56 Target 67.77 / 67.85 / 67.93
1.00PM : Sell USDINR (NOV) SB 67.51 SL 67.62 Target 67.41 / 67.33 / 67.25
1.00PM : Buy EURINR (NOV) SA 72.18 SL 72.07 Target 72.28 / 72.36 / 72.44
1.00PM : Sell EURINR (NOV) SB 72.02 SL 72.13 Target 71.92 / 71.84 / 71.76
1.00PM : Buy GBPINR (NOV) SA 85.70 SL 85.59 Target 85.80 / 85.88 / 85.96
1.00PM : Sell GBPINR (NOV) SB 85.54 SL 85.65 Target 85.44 / 85.36 / 85.28
1.00PM : Buy JPYINR (NOV) SA 58.92 SL 58.81 Target 59.02 / 59.10 / 59.18
1.00PM : Sell JPYINR (NOV) SB 58.76 SL 58.87 Target 58.66 / 58.58 / 58.50
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USD/JPY TECHNICAL OUTLOOK : 14.12.2016
USD/JPY TECHNICAL OUTLOOK : 14.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 114.82 and made low of 115.47 and saw some sidewise session yesterday after a bearish candle few days back were the pair has created a shooting star pattern with some divergence in indicators but it continuing with the upward trend for past many days 114.70 is a key level , and the pair has taken out the resistance so likely to see some sidewise activity
Fundamental Overview
Yen is trading at 115.21, taking support at the 115.00 mark for most of the day yesterday. With the FED expected to stay on course for a rate hike, expect the Japanese yen to remain under pressure going forward. Industry and manufacturing data reported this morning was below expectations and added to the woes of the Yen. USDJPY remains a sell on every dip in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20:00 JPY Tankan All Big Industry CAPEX (Q4) 5.50% 6.10% 6.30%
05:20:00 JPY Tankan Big Manufacturing Outlook Index (Q4) 8 9 6
05:20:00 JPY Tankan Large Manufacturers Index (Q4) 10 10 6
10:00:00 JPY Industrial Production (MoM) (Oct) 0.10% 0.10%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 115.21, taking support at the 115.00 mark for most of the day yesterday. With the FED expected to stay on course for a rate hike, expect the Japanese yen to remain under pressure going forward. Industry and manufacturing data reported this morning was below expectations and added to the woes of the Yen. USDJPY remains a sell on every dip in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20:00 JPY Tankan All Big Industry CAPEX (Q4) 5.50% 6.10% 6.30%
05:20:00 JPY Tankan Big Manufacturing Outlook Index (Q4) 8 9 6
05:20:00 JPY Tankan Large Manufacturers Index (Q4) 10 10 6
10:00:00 JPY Industrial Production (MoM) (Oct) 0.10% 0.10%
GBP/USD TECHNICAL OUTLOOK : 14.12.2016
GBP/USD TECHNICAL OUTLOOK : 14.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2681 made a high of 1.2728, and seen some selling from the higher levels and but the pair respected the lower levels of 1.2550 and seeing some demand at that levels so until the pair violated 1.2550 any dips shall be utilized to buy the pair, so intraday apply that strategy
Fundamental Overview
Pound is trading at 1.2654, after rallying past the 1.27 in the European session. Pound rallied following the UK November inflation data which showed CPI rising to a 2 year high of 1.2% from 0.9% in October, beating the market expectation of 1.1%. Unemployment and earning data would be important for the Pound and another positive reading would take the pair above the 1.27 mark.
Economic Data & News
TIME COUNTRY
DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Average Earnings Index +Bonus (Oct) 2.30% 2.30%
15:00:00 GBP Claimant Count Change (Nov) 5.5K 9.8K
15:00:00 GBP Unemployment Rate (Oct) 4.80% 4.80%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Pound is trading at 1.2654, after rallying past the 1.27 in the European session. Pound rallied following the UK November inflation data which showed CPI rising to a 2 year high of 1.2% from 0.9% in October, beating the market expectation of 1.1%. Unemployment and earning data would be important for the Pound and another positive reading would take the pair above the 1.27 mark.
Economic Data & News
TIME COUNTRY
DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Average Earnings Index +Bonus (Oct) 2.30% 2.30%
15:00:00 GBP Claimant Count Change (Nov) 5.5K 9.8K
15:00:00 GBP Unemployment Rate (Oct) 4.80% 4.80%
EUR/USD TECHNICAL OUTLOOK : 14.12.2016
EUR/USD TECHNICAL OUTLOOK : 14.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0638 Made a high of 1.0667 and saw the pair trading with some side after selling pressure few days back were it tested near levels of 1.05 and could not sustain that levels and saw some strong bounce and now 1.0630 the pair is having a strong supply zone near 1.07-1.0670 and likely to find some resistance so intraday can see some bounce but overall sell on rise would be the strategy to implement
Fundamental Overview
Euro is trading at 1.0635, ranging in the area between 1.0610 and 1.0665 for the entire day. Short covering was the only reason for the rally in the euro and going into the FOMC announcement, the market is likely to remain cautious, despite the FED preparing the world for a rate hike. Euro would likely be bought after the event unless for a hawkish surprise as further short covering can be expected ahead.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 EUR Industrial Production (MoM) (Oct) 0.20% -0.80%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.0635, ranging in the area between 1.0610 and 1.0665 for the entire day. Short covering was the only reason for the rally in the euro and going into the FOMC announcement, the market is likely to remain cautious, despite the FED preparing the world for a rate hike. Euro would likely be bought after the event unless for a hawkish surprise as further short covering can be expected ahead.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 EUR Industrial Production (MoM) (Oct) 0.20% -0.80%
USDINR TECHNICAL OUTLOOK : 14.12.2016
USDINR TECHNICAL OUTLOOK : 14.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 67.50 and made a high of 67.61 and saw some buying from the lower levels to side wise action in the pair ,but the pair having demand at lower levels and likely to see some side wise activity in the session before the FED meet the pair is having a strong supports at 67.10 while the resistance at 67.70
Fundamental Overview
US dollar index is trading at 101.03, oscillating around the 101 mark as markets remained on the sidelines before the FOMC policy announcement later in the evening. There was no major economic data that was reported except for the import and export data. Markets are pricing in a 25 bps rate hike and the same would not yield any major surprises for the dollar but any positive surprise in the form of a hawkish forward guidance would be drive the US dollar index past the 102.00 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core PPI (MoM) (Nov) 0.20% -0.20%
19:00:00 USD Core Retail Sales (MoM) (Nov) 0.40% 0.80%
19:00:00 USD PPI (MoM) (Nov) 0.10% 0.00%
19:00:00 USD Retail Sales (MoM) (Nov) 0.30% 0.80%
19:45:00 USD Industrial Production (MoM) (Nov) -0.20% 0.00%
20:30:00 USD Business Inventories (MoM) (Oct) -0.10% 0.10%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
US dollar index is trading at 101.03, oscillating around the 101 mark as markets remained on the sidelines before the FOMC policy announcement later in the evening. There was no major economic data that was reported except for the import and export data. Markets are pricing in a 25 bps rate hike and the same would not yield any major surprises for the dollar but any positive surprise in the form of a hawkish forward guidance would be drive the US dollar index past the 102.00 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD Core PPI (MoM) (Nov) 0.20% -0.20%
19:00:00 USD Core Retail Sales (MoM) (Nov) 0.40% 0.80%
19:00:00 USD PPI (MoM) (Nov) 0.10% 0.00%
19:00:00 USD Retail Sales (MoM) (Nov) 0.30% 0.80%
19:45:00 USD Industrial Production (MoM) (Nov) -0.20% 0.00%
20:30:00 USD Business Inventories (MoM) (Oct) -0.10% 0.10%
Rupee opens flat at 67.54 per dollar : 14.12.2016
Rupee opens flat at 67.54 per dollar : 14.12.2016
USD-INR will take some cues from the equity market and trade in a narrow range of 67.42-67.75/dollar, Lakshmi Vilas Bank.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian rupee opened flat at 67.54 per dollar on Wednesday versus previous close 67.54. Lakshmi Vilas Bank said, "The cautious investors are expected to stay on the sidelines ahead of the FOMC meeting outcome." "The USD-INR will take some cues from the equity market and trade in a narrow range of 67.42-67.75/dollar." The US dollar held steady against a basket of major currencies on uncertainty over whether the Fed would signal a slow or fast pace of interest rate increases at the end of a closely-watched policy meeting.
USD-INR will take some cues from the equity market and trade in a narrow range of 67.42-67.75/dollar, Lakshmi Vilas Bank.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian rupee opened flat at 67.54 per dollar on Wednesday versus previous close 67.54. Lakshmi Vilas Bank said, "The cautious investors are expected to stay on the sidelines ahead of the FOMC meeting outcome." "The USD-INR will take some cues from the equity market and trade in a narrow range of 67.42-67.75/dollar." The US dollar held steady against a basket of major currencies on uncertainty over whether the Fed would signal a slow or fast pace of interest rate increases at the end of a closely-watched policy meeting.
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( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
12.00PM : Buy USDINR (NOV) SA 67.68 SL 67.57 Target 67.78 / 67.86 / 67.94
12.00PM : Sell USDINR (NOV) SB 67.52 SL 67.63 Target 67.42 / 67.34 / 67.26
12.00PM : Buy EURINR (NOV) SA 72.14 SL 72.03 Target 72.24 / 72.32 / 72.40
12.00PM : Sell EURINR (NOV) SB 71.98 SL 72.09 Target 71.88 / 71.80 / 71.72
12.00PM : Buy GBPINR (NOV) SA 85.75 SL 85.64 Target 85.85 / 85.93 / 86.01
12.00PM : Sell GBPINR (NOV) SB 85.59 SL 85.70 Target 85.49 / 85.41 / 85.33
12.00PM : Buy JPYINR (NOV) SA 58.90 SL 58.79 Target 59.00 / 59.08 / 59.16
12.00PM : Sell JPYINR (NOV) SB 58.74 SL 58.85 Target 58.64 / 58.56 / 58.48
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )
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12.00PM : Buy USDINR (NOV) SA 67.68 SL 67.57 Target 67.78 / 67.86 / 67.94
12.00PM : Sell USDINR (NOV) SB 67.52 SL 67.63 Target 67.42 / 67.34 / 67.26
12.00PM : Buy EURINR (NOV) SA 72.14 SL 72.03 Target 72.24 / 72.32 / 72.40
12.00PM : Sell EURINR (NOV) SB 71.98 SL 72.09 Target 71.88 / 71.80 / 71.72
12.00PM : Buy GBPINR (NOV) SA 85.75 SL 85.64 Target 85.85 / 85.93 / 86.01
12.00PM : Sell GBPINR (NOV) SB 85.59 SL 85.70 Target 85.49 / 85.41 / 85.33
12.00PM : Buy JPYINR (NOV) SA 58.90 SL 58.79 Target 59.00 / 59.08 / 59.16
12.00PM : Sell JPYINR (NOV) SB 58.74 SL 58.85 Target 58.64 / 58.56 / 58.48
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Free USDINR Currency Tips : 14.12.2016
Free USDINR Currency Tips : 14.12.2016
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