EUR/USD TECHNICAL OUTLOOK : 1.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
EUR/USD. Pair after opening at 1.0592 Made a high of 1.0689 and saw the pair trading in the range of 1.0580-1.0690 and now1.0700 will act as a strong resistance in the pair and pair is forming lower top and lower bottom formation on daily time frame but and will likely to find support at lower levels of 1.05 but intraday utilize sell on rise.
Fundamental Overview
Euro is trading at 1.06, losing some steam from the rally that was seen yesterday. German retail sales and consumer spending recorded an impressive rebound, helping the euro rally in the European session but the gains were quickly off as the dollar rally began after the OPEC announcement. ECB chair Draghi continued to say that the economy was improving at a gradual pace. German and Manufacturing PMI data would be in focus today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:25:00 PM EUR German Manufacturing PMI (Nov) 54.4 54.4
2:30:00 PM EUR Manufacturing PMI (Nov) 53.7 53.7
3:30:00 PM EUR Unemployment Rate (Oct) 10.00% 10.00%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Euro is trading at 1.06, losing some steam from the rally that was seen yesterday. German retail sales and consumer spending recorded an impressive rebound, helping the euro rally in the European session but the gains were quickly off as the dollar rally began after the OPEC announcement. ECB chair Draghi continued to say that the economy was improving at a gradual pace. German and Manufacturing PMI data would be in focus today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:25:00 PM EUR German Manufacturing PMI (Nov) 54.4 54.4
2:30:00 PM EUR Manufacturing PMI (Nov) 53.7 53.7
3:30:00 PM EUR Unemployment Rate (Oct) 10.00% 10.00%
