EUR/USD TECHNICAL OUTLOOK : 17.3.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
EURO is trading at 1.07071, trading above its one month’s high of 1.0746. Less than expected hawkish stance from FOMC announcement and the Dutch election results helped euro to strengthen against US dollar. ECB's Nowotny in a meeting said the Bank could raise the deposited rate before main refinancing rate, these comments added some more upward pressure to Euro. Euro zones Trade Balance figures are due to be released today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR Trade Balance (Jan) 28.1B
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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EUR/USD. Pair after Opening at 1.2286 made a low of 1.2238 and during the asia and Europe markets the pair was trading in a small range but after the interest rate decision te pair had strong momentum and violated the resistance of 1.23 levels now 1.23 will act as a pivot support, where intraday traders can buy the pair .Fundamental Overview
EURO is trading at 1.07071, trading above its one month’s high of 1.0746. Less than expected hawkish stance from FOMC announcement and the Dutch election results helped euro to strengthen against US dollar. ECB's Nowotny in a meeting said the Bank could raise the deposited rate before main refinancing rate, these comments added some more upward pressure to Euro. Euro zones Trade Balance figures are due to be released today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30 EUR Trade Balance (Jan) 28.1B
