USDINR TECHNICAL OUTLOOK : 19.01.2017
USDINR, the pair after opening at 68.02 and made a high of 68.16 and saw the pair traded side wise and taken support at lower levels and bounced now will see a gap up the pair can touch the range higher levels of 68.35 on spot but overall in the range of 67.70-68.40 in spot and likely to trade that range during the month so trade that range but today can trade with positive bias.
Fundamental Overview
US dollar index is trading at 101.31, lifted by the comments from FED chair Janet Yellen. She said that the Fed is close to meeting its twin goals and to expect "a few" rate hikes a year. FOMC beige book too added to the positive more in the dollar camp. housing data to be reported today but all eyes would on the inauguration speech. Dollar to remain supported unless for any drastic comments from Trump.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30 USD IEA Monthly Report
19:00 USD Building Permits (Dec) 1.225M 1.212M
19:00 USD Building Permits (MoM) (Dec) 1.10% -4.70%
19:00 USD Housing Starts (Dec) 1.200M 1.090M
19:00 USD Housing Starts (MoM) (Dec) 8.60% -18.70%
19:00 USD Initial Jobless Claims 254K 247K
19:00 USD Philadelphia Fed Manufacturing Index (Jan) 15.8 21.5
19:00 USD Philly Fed Employment (Jan) 6.4
Tentative USD U.S. President Trump Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Fundamental Overview
US dollar index is trading at 101.31, lifted by the comments from FED chair Janet Yellen. She said that the Fed is close to meeting its twin goals and to expect "a few" rate hikes a year. FOMC beige book too added to the positive more in the dollar camp. housing data to be reported today but all eyes would on the inauguration speech. Dollar to remain supported unless for any drastic comments from Trump.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:30 USD IEA Monthly Report
19:00 USD Building Permits (Dec) 1.225M 1.212M
19:00 USD Building Permits (MoM) (Dec) 1.10% -4.70%
19:00 USD Housing Starts (Dec) 1.200M 1.090M
19:00 USD Housing Starts (MoM) (Dec) 8.60% -18.70%
19:00 USD Initial Jobless Claims 254K 247K
19:00 USD Philadelphia Fed Manufacturing Index (Jan) 15.8 21.5
19:00 USD Philly Fed Employment (Jan) 6.4
Tentative USD U.S. President Trump Speaks
