EUR/USD TECHNICAL OUTLOOK : 14.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
The Euro currently is trading at 1.0654 where it closed yesterday after breaching 1.07 levels. This up move to a one month high against the dollar was seen as the ECB yesterday discussed the possibility of an interest rate hike before ending the stimulus. ECB chief Draghi once again highlighted on the limits of monetary policy and the need for structural reforms to boost growth in the eurozone. The fall in Euro from those highs is majorly because of the FOMC announcement looming on Wednesday. German ZEW Economic Sentiment data would drive the currency in either direction.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German CPI (MoM) (Feb) 0.60% 0.60%
15:30 EUR German ZEW Current Conditions (Mar) 78 76.4
15:30 EUR German ZEW Economic Sentiment (Mar) 13.1 10.4
15:30 EUR Industrial Production (MoM) (Jan) 1.30% -1.60%
15:30 EUR ZEW Economic Sentiment 19.3 17.1
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after Opening at1.0671 and made a low of 1.0649 and 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 and in the verge of making inverted head and shoulders pattern with neckline above 1.08 if the pair able break and close above 1.08 likely to see a strong momentum.Fundamental Overview
The Euro currently is trading at 1.0654 where it closed yesterday after breaching 1.07 levels. This up move to a one month high against the dollar was seen as the ECB yesterday discussed the possibility of an interest rate hike before ending the stimulus. ECB chief Draghi once again highlighted on the limits of monetary policy and the need for structural reforms to boost growth in the eurozone. The fall in Euro from those highs is majorly because of the FOMC announcement looming on Wednesday. German ZEW Economic Sentiment data would drive the currency in either direction.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German CPI (MoM) (Feb) 0.60% 0.60%
15:30 EUR German ZEW Current Conditions (Mar) 78 76.4
15:30 EUR German ZEW Economic Sentiment (Mar) 13.1 10.4
15:30 EUR Industrial Production (MoM) (Jan) 1.30% -1.60%
15:30 EUR ZEW Economic Sentiment 19.3 17.1