USDINR TECHNICAL OUTLOOK : 01.09.2016
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Above is the Daily Chart of USDINR, the pair after opening at 67.42and made a high of 67.42 and trading side wise to negative and now after yellen speech the pair started to appreciate as pair breaking out few days back now 67.00 (SPOT)- 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 96.01, continuing to remain on a positive turf before the key non-farm payrolls data that is to be reported tomorrow. ADP non-farm payrolls were reported a tad higher than expected and pending home sales have a seen a 1.3% rise in July as compared to 0.6% expectations. Manufacturing PMI data set to be reported today might not be a market mover as markets remain focused on payrolls data.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD Initial Jobless Claims 265K 261K
18:00:00 USD Unit Labor Costs (QoQ) (Q2) 2.10% 2.00%
19:15:00 USD Manufacturing PMI (Aug) 52.1 52.1
19:30:00 USD ISM Manufacturing Employment (Aug) 49.6 49.4
19:30:00 USD ISM Manufacturing PMI (Aug) 52 52.6
21:55:00 USD FOMC Member Mester Speaks
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Above is the Daily Chart of USDINR, the pair after opening at 67.42and made a high of 67.42 and trading side wise to negative and now after yellen speech the pair started to appreciate as pair breaking out few days back now 67.00 (SPOT)- 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 96.01, continuing to remain on a positive turf before the key non-farm payrolls data that is to be reported tomorrow. ADP non-farm payrolls were reported a tad higher than expected and pending home sales have a seen a 1.3% rise in July as compared to 0.6% expectations. Manufacturing PMI data set to be reported today might not be a market mover as markets remain focused on payrolls data.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD Initial Jobless Claims 265K 261K
18:00:00 USD Unit Labor Costs (QoQ) (Q2) 2.10% 2.00%
19:15:00 USD Manufacturing PMI (Aug) 52.1 52.1
19:30:00 USD ISM Manufacturing Employment (Aug) 49.6 49.4
19:30:00 USD ISM Manufacturing PMI (Aug) 52 52.6
21:55:00 USD FOMC Member Mester Speaks
