EUR/USD TECHNICAL OUTLOOK:23.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0623 Made a high of 1.0659 and saw the pair trading sidewise to positive session and formed a doji candle after a bullish candle but 1.0660 is acting as a resistance and pair has been making lower top and bottom for past months but its oversold in the charts so can bounce from the lower levels
Fundamental Overview
Euro is trading at 1.0625, with a limited change from the previous day. There was a brief rally past the 1.0650 mark yesterday but the pair couldn’t sustain at higher levels as the longer term risks continue to weigh on the shared currency. German and European PMI data are due to be reported and are expected to remain upbeat. Euro would be influenced by the dollar more than any other factors for the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
04:00:00 EUR German Manufacturing PMI (Nov) 54.8 55
14:00:00 EUR German Services PMI (Nov) 54 54.2
14:30:00 EUR Manufacturing PMI (Nov) 53.3 53.5
14:30:00 EUR Markit Composite PMI (Nov) 53.3 53.3
14:30:00 EUR Services PMI (Nov) 53 52.8
16:05:00 EUR German 10-Year Bund Auction 0.12%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.0625, with a limited change from the previous day. There was a brief rally past the 1.0650 mark yesterday but the pair couldn’t sustain at higher levels as the longer term risks continue to weigh on the shared currency. German and European PMI data are due to be reported and are expected to remain upbeat. Euro would be influenced by the dollar more than any other factors for the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
04:00:00 EUR German Manufacturing PMI (Nov) 54.8 55
14:00:00 EUR German Services PMI (Nov) 54 54.2
14:30:00 EUR Manufacturing PMI (Nov) 53.3 53.5
14:30:00 EUR Markit Composite PMI (Nov) 53.3 53.3
14:30:00 EUR Services PMI (Nov) 53 52.8
16:05:00 EUR German 10-Year Bund Auction 0.12%