USDINR TECHNICAL OUTLOOK : 15.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Above is the Daily Chart of USDINR, the pair after opening at 67.19and made a high of 67.19 saw some profit booking from the higher levels the pair had strong momentum on the upside before last day ,the pair was hovering near the crucial support of 66.65 (200DMA) and now had a closed above that suggest bulls aggressiveness on the on the lower side thus until the pair close below 66.50 any dips shall be untied to buy the pair intraday
Fundamental Overview
US dollar index is trading at 95.31, contracting marginally against the majors in yesterday’s session. Markets have witnessed a mild recovery as bond yields across the globe cooled off. With retail sales, manufacturing index and industrial production data to be reported today; a weaker reading could further hurt the dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD Core PPI (MoM) (Aug) 0.10% -0.30%
18:00:00 USD Core Retail Sales (MoM) (Aug) 0.20% -0.30%
18:00:00 USD Current Account (Q2) -120.5B -124.7B
18:00:00 USD Initial Jobless Claims 265K 259K
18:00:00 USD
NY Empire State Manufacturing Index
(Sep) -1 -4.21
18:00:00 USD
Philadelphia Fed Manufacturing Index
(Sep) 1 2
18:00:00 USD Philly Fed Employment (Sep) -20
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Above is the Daily Chart of USDINR, the pair after opening at 67.19and made a high of 67.19 saw some profit booking from the higher levels the pair had strong momentum on the upside before last day ,the pair was hovering near the crucial support of 66.65 (200DMA) and now had a closed above that suggest bulls aggressiveness on the on the lower side thus until the pair close below 66.50 any dips shall be untied to buy the pair intraday
Fundamental Overview
US dollar index is trading at 95.31, contracting marginally against the majors in yesterday’s session. Markets have witnessed a mild recovery as bond yields across the globe cooled off. With retail sales, manufacturing index and industrial production data to be reported today; a weaker reading could further hurt the dollar.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD Core PPI (MoM) (Aug) 0.10% -0.30%
18:00:00 USD Core Retail Sales (MoM) (Aug) 0.20% -0.30%
18:00:00 USD Current Account (Q2) -120.5B -124.7B
18:00:00 USD Initial Jobless Claims 265K 259K
18:00:00 USD
NY Empire State Manufacturing Index
(Sep) -1 -4.21
18:00:00 USD
Philadelphia Fed Manufacturing Index
(Sep) 1 2
18:00:00 USD Philly Fed Employment (Sep) -20
