EUR/USD TECHNICAL OUTLOOK : 08.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Fundamental Overview
Euro is trading at 1.1253, as investors await the ECB rate setting committee meeting and Draghi‘s speech after the decision. There is no expectation of a rate cut but markets are expecting an extension to the bond buying program. An announcement of extension could see the Euro fall but the opposite would cap the upside near 1.13.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:15:00 EUR Deposit Facility Rate -0.40% -0.40%
17:15:00 EUR Interest Rate Decision (Sep) 0.00% 0.00%
18:00:00 EUR ECB President Draghi Speaks
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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EUR/USD. Pair after opening at 1.1239 Made a high of 1.1258 and was trading with side wise bias, during the day , now the pair has violated the recent range and had taken 200DMA support near 1.1158 and reversed with a bull candle until that levels hold on the downside , the pair is likely to go higher so intraday dips shall be utilized to buy the pairFundamental Overview
Euro is trading at 1.1253, as investors await the ECB rate setting committee meeting and Draghi‘s speech after the decision. There is no expectation of a rate cut but markets are expecting an extension to the bond buying program. An announcement of extension could see the Euro fall but the opposite would cap the upside near 1.13.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:15:00 EUR Deposit Facility Rate -0.40% -0.40%
17:15:00 EUR Interest Rate Decision (Sep) 0.00% 0.00%
18:00:00 EUR ECB President Draghi Speaks