Header

EURINR Intraday Outlook : 21.3.2017

EURINR Intraday Outlook : 21.3.2017
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040

The euro has remained broadly underpinned in the wake of the kick-down of the anti-EU movement at the Dutch election and after ECB member Nowotny said late Friday that the deposit rate may be hiked before the repo rate. Nowotny's comments were not intended to signal the timing of a policy tightening, but have been nonetheless taken as a bullish euro cue by markets. EUR-USD clocked a six-week high earlier at 1.0782. Although political risks seem to be ameliorating in the Eurozone, we recommend fading EUR-USD gains as the Fed policy path is in a markedly different direction to the ECB. The German Buba's Monthly report that is to be released today, is expected to be of the same viewpoints of that of the ECB but all eyes would be on the Buba Prez Weidmann's speech.