EUR/USD TECHNICAL OUTLOOK : 9.3.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL 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
Tentative EUR EU Finance Ministers Meeting
18:15 EUR Deposit Facility Rate -0.40% -0.40%
18:15 EUR ECB Interest Rate Decision (Mar) 0.00% 0.00%
19:00 EUR ECB Press Conference
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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EUR/USD. Pair after Opening at 1.0564 and a high of 1.0574 and was trading with some sidewise bias, but few session back the pair had a strong bullish candle signifying demand at the lower levels and bulls likely to hold the supports at 1.05 levels so , until the pair closes below 1.05 levels likely to trade on a side wise bias.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
Tentative EUR EU Finance Ministers Meeting
18:15 EUR Deposit Facility Rate -0.40% -0.40%
18:15 EUR ECB Interest Rate Decision (Mar) 0.00% 0.00%
19:00 EUR ECB Press Conference