EUR/USD TECHNICAL OUTLOOK : 31.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0679 last trading day and and made high of 1.0740 and traded with negative bias after the pair gaped up opening but the pair tested the supports near 1.06 and reversed now trading above the 1.07 mark if sustain can head near yesterday highs so intraday traders can look to buy the dips.
Fundamental Overview
Euro is trading at 1.0705, appreciating against the US dollar as fears over the foreign and economic policy that will be followed by Trump’s administration. Euro zone’s Q4 GDP numbers, Unemployment Rate and Core CPI data will be key driver for EURUSD pair.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German Retail Sales (MoM) (Dec) 0.60% -1.80%
13:30 EUR ECB President Draghi Speaks
14:25 EUR German Unemployment Change (Jan) -5K -17K
14:25 EUR German Unemployment Rate (Jan) 6.00% 6.00%
15:30 EUR Core CPI (YoY) 0.90% 0.90%
15:30 EUR CPI (YoY) (Jan) 1.60% 1.10%
15:30 EUR GDP (YoY) (Q4) 1.70% 1.70%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0705, appreciating against the US dollar as fears over the foreign and economic policy that will be followed by Trump’s administration. Euro zone’s Q4 GDP numbers, Unemployment Rate and Core CPI data will be key driver for EURUSD pair.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German Retail Sales (MoM) (Dec) 0.60% -1.80%
13:30 EUR ECB President Draghi Speaks
14:25 EUR German Unemployment Change (Jan) -5K -17K
14:25 EUR German Unemployment Rate (Jan) 6.00% 6.00%
15:30 EUR Core CPI (YoY) 0.90% 0.90%
15:30 EUR CPI (YoY) (Jan) 1.60% 1.10%
15:30 EUR GDP (YoY) (Q4) 1.70% 1.70%