NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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
12:30:00 EUR German Trade Balance (Jan) 18.0B 18.4B
Tentative EUR EU Leaders Summit