EUR/USD TECHNICAL OUTLOOK : 04.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0527Made a high of 1.0529 and was not able to sustain the physiological mark of 1.05 levels now 1.05 is the levels to watch as its close below the levels so 1.0350 to 1.0650 would be the range for the month but the pair remains week as forming lower top and bottom on daily scale but intraday can buy the pair.
Fundamental Overview
EURO trading at 1.0404 EurozoneManufacturing PMI data came for the month of December stand at 54.9 which has met the estimates. We do not have any major news from the Eurozone for today and we have the ISM Manufacturing PMI data from the US which was reported late yesterday. We have Germany’s unemployment data is at -17K against the estimate of -5K. The pair likely to consolidate.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:25 EUR German Services PMI (Dec) 53.8% 53.8%
14:30 EUR Markit Composite PMI (Dec) 53.9% 53.9%
14:30 EUR Services PMI (Dec) 53.1% 53.1%
15:30 EUR Core CPI (YoY) (Dec) 0.008% 0.008%
15:30 EUR CPI (YoY) (Dec) 0.01% 0.006%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
EURO trading at 1.0404 EurozoneManufacturing PMI data came for the month of December stand at 54.9 which has met the estimates. We do not have any major news from the Eurozone for today and we have the ISM Manufacturing PMI data from the US which was reported late yesterday. We have Germany’s unemployment data is at -17K against the estimate of -5K. The pair likely to consolidate.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:25 EUR German Services PMI (Dec) 53.8% 53.8%
14:30 EUR Markit Composite PMI (Dec) 53.9% 53.9%
14:30 EUR Services PMI (Dec) 53.1% 53.1%
15:30 EUR Core CPI (YoY) (Dec) 0.008% 0.008%
15:30 EUR CPI (YoY) (Dec) 0.01% 0.006%