USDINR Currency Strategy Aug 24, 2016, 09.51 AM

USDINR Currency Strategy Aug 24, 2016, 09.51 AM


Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

TECHNICAL OUTLOOK

USDINR, the pair after opening at 67.23 and made a low of 67.10 and trading side wise session after pair breaking out few days back now 67.00-67.05 will act as a strong support in the pair on spot basis and any dip can be utilized to go long in the pair and short term resistance will come around 67.40 levels

Fundamental Overview

US dollar index is trading at 94.61; rebounding from the lows that were seen yesterday. New home sales that were reported yesterday came in better than expected, pushing the dollar higher. Markets eagerly wait for the central bankers’ retreat starting from Thursday, looking for direction of future monetary actions

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS

19:15:00 USD Manufacturing PMI (Aug) 52.7 52.9
19:30:00 USD Existing Home Sales (MoM) (Jul) -0.40% 1.10%
19:30:00 USD Existing Home Sales (Jul) 5.51M 5.57M
20:00:00 USD Crude Oil Inventories -0.825M -2.508M
20:00:00 USD Cushing Crude Oil Inventories -0.724M
Presented by

DISCLAIMER

The suggestions made herein are for information purposes and are not recommendations to any person to buy or sell any securities. The information is derived from various sources that are deemed to be reliable but its accuracy and completeness are not guaranteed.Our blog does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. And we won't be liable or responsible for any legal or financial losses made by anyone .Any surfing and reading of the information available in this blog is the acceptance of this disclaimer.