EURINR Intraday Outlook : 24.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The main round of March confidence indicators is still to come, kicking off with preliminary PMI readings today, but production and orders numbers at the start of the year and those confidence numbers released since, highlight remaining uncertainty about the outlook. This backs the arguments of the doves at the ECB who continue to see the need for a substantial degree of monetary accommodation. Intraday, Euro would be driven mostly by the PMI readings and EUR-USD managed a 1.0774-93 trading range through the N.Y. session, as euro traders largely took a wait and see approach to the imminent U.S. healthcare vote. The vote will presents polarized risks to market direction, as a fail would likely spark fresh dollar selling while a win would likely result in a dollar rally.