EUR/USD TECHNICAL OUTLOOK : 30.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0592 Made a high of 1.0689 and saw the pair trading in the range of 1.0580-1.0690 and now1.0700 will act as a strong resistance in the pair and pair is forming lower top and lower bottom formation on daily time frame but and will likely to find support at lower levels of 1.05 but intraday utilize sell on rise
Fundamental Overview
Euro is trading at 1.0633, appreciating marginally against the US dollar in yesterday’s trade. Failure of the US dollar to break higher helped the marginal recovery in the euro. There was no major news yesterday but today the Euro calendar is heavy with the German retail sales and unemployment and the European CPI data. A positive reading coupled with the hesitant dollar can take the pair higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM EUR German Retail Sales (MoM) (Oct) 1.00% -1.40%
2:25:00 PM EUR German Unemployment Change (Nov) -5K -13K
2:25:00 PM EUR German Unemployment Rate (Nov) 6.00% 6.00%
3:30:00 PM EUR Core CPI (YoY) 0.80% 0.80%
3:30:00 PM EUR CPI (YoY) (Nov) 0.60% 0.50%
5:30:00 PM INR GDP Quarterly (YoY) (Q2) 7.50% 7.10%
6:00:00 PM EUR ECB President Draghi Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0633, appreciating marginally against the US dollar in yesterday’s trade. Failure of the US dollar to break higher helped the marginal recovery in the euro. There was no major news yesterday but today the Euro calendar is heavy with the German retail sales and unemployment and the European CPI data. A positive reading coupled with the hesitant dollar can take the pair higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM EUR German Retail Sales (MoM) (Oct) 1.00% -1.40%
2:25:00 PM EUR German Unemployment Change (Nov) -5K -13K
2:25:00 PM EUR German Unemployment Rate (Nov) 6.00% 6.00%
3:30:00 PM EUR Core CPI (YoY) 0.80% 0.80%
3:30:00 PM EUR CPI (YoY) (Nov) 0.60% 0.50%
5:30:00 PM INR GDP Quarterly (YoY) (Q2) 7.50% 7.10%
6:00:00 PM EUR ECB President Draghi Speaks