EUR/USD TECHNICAL OUTLOOK : 07.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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EUR/USD. Pair after opening at 1.1147 Made a high of 1.1170 and was trading with side wise bias, during the day ,after the yellen speech and now the pair has violated the recent range and any rise close to its yesterdays high likely to find resistance, while strong resistance near swing high and channel resistance 1.1360 will face strong hurdle, so rise shall be utilized to
Fundamental Overview
Euro is trading at 1.1255, appreciating against the US dollar in the aftermath of the PMI data. Economic data that was reported yesterday remained mixed, with a drop in Germany factory orders and the Q2 GDP remaining stable at 0.3%. German industrial production would be the key data to watch out and a negative reading could dampen the surge in Euro.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 EUR
German Industrial Production (MoM)
(Jul) 0.20% 0.80%
15:05:00 EUR German 10-Year Bund Auction -0.09%
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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EUR/USD. Pair after opening at 1.1147 Made a high of 1.1170 and was trading with side wise bias, during the day ,after the yellen speech and now the pair has violated the recent range and any rise close to its yesterdays high likely to find resistance, while strong resistance near swing high and channel resistance 1.1360 will face strong hurdle, so rise shall be utilized to
Fundamental Overview
Euro is trading at 1.1255, appreciating against the US dollar in the aftermath of the PMI data. Economic data that was reported yesterday remained mixed, with a drop in Germany factory orders and the Q2 GDP remaining stable at 0.3%. German industrial production would be the key data to watch out and a negative reading could dampen the surge in Euro.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 EUR
German Industrial Production (MoM)
(Jul) 0.20% 0.80%
15:05:00 EUR German 10-Year Bund Auction -0.09%
