EUR/USD TECHNICAL OUTLOOK : 10.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Euro is trading at 1.0539, close to its bottom of 1.0535 hit immediately after the better ADP Jobs report. The downward momentum continues as investors remain cautious ahead of the ECB’s Policy Meet, where it is expected to continue its ultra loosening policy despite inflation being higher at ECB’s goal of 2%.The ECB is expected to keep policy unchanged and confirm the QE schedule, which promises ongoing asset purchases through to the end of the year, but at a reduced monthly volume of EUR 60 bln from April.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 EUR German Trade Balance (Jan) 18.0B 18.4B
Tentative EUR EU Leaders Summit
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after Opening at1.5557 and made a low of 1.0522and trading side wise before European session after it opened the pair had a strong bounce and traded from the lower and today session likely to open with positive bias the pair is taking support at1.0535 and likely to trade with positive bias if the pair sustain above1.0600 levels expect to test swing high of 1.0640.Fundamental Overview
Euro is trading at 1.0539, close to its bottom of 1.0535 hit immediately after the better ADP Jobs report. The downward momentum continues as investors remain cautious ahead of the ECB’s Policy Meet, where it is expected to continue its ultra loosening policy despite inflation being higher at ECB’s goal of 2%.The ECB is expected to keep policy unchanged and confirm the QE schedule, which promises ongoing asset purchases through to the end of the year, but at a reduced monthly volume of EUR 60 bln from April.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 EUR German Trade Balance (Jan) 18.0B 18.4B
Tentative EUR EU Leaders Summit