EUR/USD TECHNICAL OUTLOOK : 01.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
EUR/USD. Pair after opening at 1.0700 last trading day and and made low of 1.0682 and traded with positive bias after trading volatile a day before the pair is expected to trade with some positive bias if trade and sustain above 1.0750 so any dips shall be utilize to buy the pair.
Fundamental Overview
Euro is trading at 1.0798, appreciating sharply against the dollar after better than expected GDP and inflation numbers were reported yesterday. More than the data, comments from Trump about Germany taking advantage of a weaker euro pushed the pair higher. European and German Manufacturing PMI would be focus but traders are likely to remain on the sidelines before the FOMC statement.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:25 EUR German Manufacturing PMI (Jan) 56.5 56.5
14:30 EUR Manufacturing PMI (Jan) 55.1 55.1
Tentative EUR EU Economic Forecasts
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Euro is trading at 1.0798, appreciating sharply against the dollar after better than expected GDP and inflation numbers were reported yesterday. More than the data, comments from Trump about Germany taking advantage of a weaker euro pushed the pair higher. European and German Manufacturing PMI would be focus but traders are likely to remain on the sidelines before the FOMC statement.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:25 EUR German Manufacturing PMI (Jan) 56.5 56.5
14:30 EUR Manufacturing PMI (Jan) 55.1 55.1
Tentative EUR EU Economic Forecasts