USDINR TECHNICAL OUTLOOK : 08.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
Above is the Daily Chart of USDINR, the pair after opening at 66.53and made a high of 66.61 and trading side wise to negative the pair is trading below the crucial support of 66.65 (200DMA)that will act as a strong resistance in the pair as this becomes the key level, and now violated the major support , but intraday will see a range mentioned in the report
Fundamental Overview
US dollar index is trading at 94.86, appreciating marginally in the overnight trade. FED beige book released yesterday indicated that the 12 districts remained cautious before the November elections but remained optimistic about the economic outlook. There is no major data from the US tonight and all focus would be on ECB. We expect US dollar to remain supported at current levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD Initial Jobless Claims 265K 263K 18:00:00
20:30:00 USD Crude Oil Inventories -0.083M 2.276M 20:30:00
20:30:00 USD Cushing Crude Oil Inventories -1.039M 20:30:00
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Above is the Daily Chart of USDINR, the pair after opening at 66.53and made a high of 66.61 and trading side wise to negative the pair is trading below the crucial support of 66.65 (200DMA)that will act as a strong resistance in the pair as this becomes the key level, and now violated the major support , but intraday will see a range mentioned in the report
Fundamental Overview
US dollar index is trading at 94.86, appreciating marginally in the overnight trade. FED beige book released yesterday indicated that the 12 districts remained cautious before the November elections but remained optimistic about the economic outlook. There is no major data from the US tonight and all focus would be on ECB. We expect US dollar to remain supported at current levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD Initial Jobless Claims 265K 263K 18:00:00
20:30:00 USD Crude Oil Inventories -0.083M 2.276M 20:30:00
20:30:00 USD Cushing Crude Oil Inventories -1.039M 20:30:00
