EUR/USD TECHNICAL OUTLOOK : 06.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Euro is trading at 1.0782, after making a low of 1.0711 before the NFP data was out. There was other data that was published on Friday but had limited impact on the shared currency. There was an uptick seen in the services PMI and focus would be on the German export data this week. Euro is likely to remain in a 1.06-1.08 range in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 EUR German Factory Orders (MoM) (Dec) 0.50% -2.50%
14:40:00 EUR Retail PMI 50.4
15:00:00 EUR Sentix Investor Confidence (Feb) 17.4 18.2
19:30:00 EUR ECB President Draghi Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after opening at 1.0763 made high of 1.0800 and was trading with a negative bias the pair is not able surpass the resistance of 1.08 on closing basis so until the pair closes above the 1.08 levels any rise would be shorting opportunity in the pair and we can expected the lower range of 1.06 in the near term so utilize rise to sell the pair.Fundamental Overview
Euro is trading at 1.0782, after making a low of 1.0711 before the NFP data was out. There was other data that was published on Friday but had limited impact on the shared currency. There was an uptick seen in the services PMI and focus would be on the German export data this week. Euro is likely to remain in a 1.06-1.08 range in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 EUR German Factory Orders (MoM) (Dec) 0.50% -2.50%
14:40:00 EUR Retail PMI 50.4
15:00:00 EUR Sentix Investor Confidence (Feb) 17.4 18.2
19:30:00 EUR ECB President Draghi Speaks