USDINR TECHNICAL OUTLOOK : 19.09.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Above is the Daily Chart of USDINR, the pair after opening at 66.97and made a high of 66.93 saw some supports coming at lower levels the pair had strong momentum on the upside and tested levels of 67.27 few days back and now spot in been in the range of 66.75-67.10 for past few days and the trend is likely to continue till FOMC meet
Fundamental Overview
US dollar index is trading at 95.81, remaining stable in the Monday session after a steep rise on Friday following the US CPI data, which was reported at 0.2% against an expectation of 0.1%. Markets were also shifting focus to the FOMC meeting that is scheduled to begin tomorrow. Markets do not expect a rate hike announcement this week but the future guidance would be the key.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:30:00 USD NAHB Housing Market Index (Sep) 60 60
21:00:00 USD 3-Month Bill Auction 0.38%
21:00:00 USD 6-Month Bill Auction 0.54%
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Above is the Daily Chart of USDINR, the pair after opening at 66.97and made a high of 66.93 saw some supports coming at lower levels the pair had strong momentum on the upside and tested levels of 67.27 few days back and now spot in been in the range of 66.75-67.10 for past few days and the trend is likely to continue till FOMC meet
Fundamental Overview
US dollar index is trading at 95.81, remaining stable in the Monday session after a steep rise on Friday following the US CPI data, which was reported at 0.2% against an expectation of 0.1%. Markets were also shifting focus to the FOMC meeting that is scheduled to begin tomorrow. Markets do not expect a rate hike announcement this week but the future guidance would be the key.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:30:00 USD NAHB Housing Market Index (Sep) 60 60
21:00:00 USD 3-Month Bill Auction 0.38%
21:00:00 USD 6-Month Bill Auction 0.54%
