USDINR TECHNICAL OUTLOOK : 12.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 68.36and made a high of 68.50 and saw the pair had a strong move after bounced from the supports of 68.00 on few day back the pair has been trading on a side wise note for weeks 67.70-68.40 on spot and is likely to trade that range so for the day sell on rise.
Fundamental Overview
US dollar index is trading at 101.67 after rallying to 102.90 before the press conference. Trump's comments on curbing drug prices and military spending got the ball rolling, taking major equity indices from decent gains to decent losses. Overall though, the president-elect gave away few details on what his administration will focus on beginning on January 20. Can expect minor consolidation but the trend remains up.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Export Price Index (MoM) (Dec) 0.10% -0.10%
19:00 USD FOMC Member Harker Speaks
19:00 USD Import Price Index (MoM) (Dec) 0.70% -0.30%
19:00 USD Initial Jobless Claims 255K 235K
23:00 USD FOMC Member Lockhart Speaks
23:45 USD FOMC Member Bullard Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
US dollar index is trading at 101.67 after rallying to 102.90 before the press conference. Trump's comments on curbing drug prices and military spending got the ball rolling, taking major equity indices from decent gains to decent losses. Overall though, the president-elect gave away few details on what his administration will focus on beginning on January 20. Can expect minor consolidation but the trend remains up.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00 USD Export Price Index (MoM) (Dec) 0.10% -0.10%
19:00 USD FOMC Member Harker Speaks
19:00 USD Import Price Index (MoM) (Dec) 0.70% -0.30%
19:00 USD Initial Jobless Claims 255K 235K
23:00 USD FOMC Member Lockhart Speaks
23:45 USD FOMC Member Bullard Speaks
