EUR/USD TECHNICAL OUTLOOK:10/20/2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after opening at 1.0978 Made a high of 1.1005 and trading side wise the pair had created a doji kind of candle signifies indecision but, the pair has violated a major supports of 1.1100 few days back before that the pair was trading in the range of 1.1250.1.1100 so supports will act as resistance ,but intraday likely to see some bounce , utilize to sell the pair
Fundamental Overview
Euro is trading at 1.0978, bouncing from the lows near 1.0955 that were seen yesterday. ECB monetary policy and press conference is scheduled for today and there can be a considerable volatility in the pair. Markets would focus on the press conference after the meeting after the news about QE taper was circulated recently. We do not expect a steep fall and believe Euro would come back towards the 1.10 level.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 EUR German PPI (MoM) (Sep) 0.20% -0.10%
17:15:00 EUR Deposit Facility Rate -0.40% -0.40%
17:15:00 EUR Interest Rate Decision (Oct) 0.00% 0.00%
18:00:00 EUR ECB Press Conference
21:30:00 EUR EU Leaders Summit
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after opening at 1.0978 Made a high of 1.1005 and trading side wise the pair had created a doji kind of candle signifies indecision but, the pair has violated a major supports of 1.1100 few days back before that the pair was trading in the range of 1.1250.1.1100 so supports will act as resistance ,but intraday likely to see some bounce , utilize to sell the pair
Fundamental Overview
Euro is trading at 1.0978, bouncing from the lows near 1.0955 that were seen yesterday. ECB monetary policy and press conference is scheduled for today and there can be a considerable volatility in the pair. Markets would focus on the press conference after the meeting after the news about QE taper was circulated recently. We do not expect a steep fall and believe Euro would come back towards the 1.10 level.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 EUR German PPI (MoM) (Sep) 0.20% -0.10%
17:15:00 EUR Deposit Facility Rate -0.40% -0.40%
17:15:00 EUR Interest Rate Decision (Oct) 0.00% 0.00%
18:00:00 EUR ECB Press Conference
21:30:00 EUR EU Leaders Summit