EUR/USD TECHNICAL OUTLOOK : 01.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Euro is trading at 1.0585, losing the ground it gained against the US dollar after the FED members’ speech and is likely to remain under pressure during the day. German unemployment and EU manufacturing data is scheduled to be reported today. We expect the Euro to remain under pressure as divergent monetary policy drives the price action. Levels above 1.06 would act as a resistance for the pair and drive the pair lower in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:25 EUR German Manufacturing PMI (Feb) 57 57
14:30 EUR German Unemployment Change (Feb) -10K -26K
14:30 EUR German Unemployment Rate (Feb) 5.90% 5.90%
14:30 EUR Manufacturing PMI (Feb) 55.5 55.5
16:05 EUR German 10-Year Bund Auction 0.33%
18:30 EUR German CPI (MoM) (Feb) 0.60% -0.60%
19:00 EUR German Buba President Weidmann Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after Opening at 1.0586 and bounced till the levels of 1.0630 where previous highs, and reversed but shorter time frame the pair has been stuck in the range of 1.05-1.0630 for past many days but as the medium to long term trend remains weak, so any rise shall be utilize to sell the pair can expect the pair to trade below 1.05 in coming days.Fundamental Overview
Euro is trading at 1.0585, losing the ground it gained against the US dollar after the FED members’ speech and is likely to remain under pressure during the day. German unemployment and EU manufacturing data is scheduled to be reported today. We expect the Euro to remain under pressure as divergent monetary policy drives the price action. Levels above 1.06 would act as a resistance for the pair and drive the pair lower in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:25 EUR German Manufacturing PMI (Feb) 57 57
14:30 EUR German Unemployment Change (Feb) -10K -26K
14:30 EUR German Unemployment Rate (Feb) 5.90% 5.90%
14:30 EUR Manufacturing PMI (Feb) 55.5 55.5
16:05 EUR German 10-Year Bund Auction 0.33%
18:30 EUR German CPI (MoM) (Feb) 0.60% -0.60%
19:00 EUR German Buba President Weidmann Speaks