EUR/USD TECHNICAL OUTLOOK:17.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Euro is trading at 1.0700, continuing to remain subdued and looks to remain so on the back of heightened uncertainty in the political climate of Euro zone. The primary elections in France and the Italian referendum would need to be closely followed to highlight any Trump styled populist movement which could be a treat to the European Union. European CPI data would be the important data to watch out for.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 EUR Core CPI (YoY) (Oct) 0.80% 0.80%
15:30:00 EUR CPI (MoM) (Oct) 0.30% 0.40%
15:30:00 EUR CPI (YoY) (Oct) 0.50% 0.50%
18:00:00 EUR ECB Publishes Account of Monetary Policy Meeting
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after opening at 1.0724 Made a high of 1.0760 and saw the pair trading sidewise to negative bias ,the pair had strong fall from the levels of 1.10 and tested the levels of 1.0664and again bounced but the pair is making lower top and bottom in the daily chart and likely to face resistance at higher levels until the pair close above 1.0850 the trend remains on the sell side.
Fundamental Overview
Euro is trading at 1.0700, continuing to remain subdued and looks to remain so on the back of heightened uncertainty in the political climate of Euro zone. The primary elections in France and the Italian referendum would need to be closely followed to highlight any Trump styled populist movement which could be a treat to the European Union. European CPI data would be the important data to watch out for.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 EUR Core CPI (YoY) (Oct) 0.80% 0.80%
15:30:00 EUR CPI (MoM) (Oct) 0.30% 0.40%
15:30:00 EUR CPI (YoY) (Oct) 0.50% 0.50%
18:00:00 EUR ECB Publishes Account of Monetary Policy Meeting