EUR/USD TECHNICAL OUTLOOK : 16.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
EURO is trading at 1.0726, appreciating against US dollar and a high 1.0746 in yesterday’s session. Key reason for this move was Dutch elections, where PM Mark Rutte’s Liberal party is ahead of Anti EU, Anti Islam party of Geert Wilders in the polls, this has boosted EURO and fears of Dutch exiting from EU was faded. Data from the Eurozone was mixed with industrial production rising less than expected and German investor confidence falling short of forecast. In terms of economic data we have Core CPI to be reported late today. We expect downside to be limited in EURO.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR Core CPI (YoY) (Feb) 0.90% 0.90%
15:30 EUR CPI (MoM) (Feb) 0.40% -0.80%
15:30 EUR CPI (YoY) (Feb) 2.00% 2.00%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EUR/USD. Pair after Opening at 1.0608 made a low of 1.0602 and was trading with some side wise bias,with yellen announcement , the pair violated the resistance of 1.07 and likely to trade with some positive bias, the pair has been making inverted head and shoulder and trend line come at 1.08 if violate then can except strong momentum shall come in so dips shall be utilze to buy the pair.Fundamental Overview
EURO is trading at 1.0726, appreciating against US dollar and a high 1.0746 in yesterday’s session. Key reason for this move was Dutch elections, where PM Mark Rutte’s Liberal party is ahead of Anti EU, Anti Islam party of Geert Wilders in the polls, this has boosted EURO and fears of Dutch exiting from EU was faded. Data from the Eurozone was mixed with industrial production rising less than expected and German investor confidence falling short of forecast. In terms of economic data we have Core CPI to be reported late today. We expect downside to be limited in EURO.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR Core CPI (YoY) (Feb) 0.90% 0.90%
15:30 EUR CPI (MoM) (Feb) 0.40% -0.80%
15:30 EUR CPI (YoY) (Feb) 2.00% 2.00%