GBP/USD TECHNICAL OUTLOOK : 15.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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GBP/USD. Pair after opening at 1.3186 made a high of 1.3228 , and saw some selling pressure from the higher levels after a strong run up from the past weeks, the pair has reversed from the levels of 1.3400 levels and now near 1.32 now 1.34 would act as a strong resistance and pair will see strong supply coming in at higher levels
Fundamental Overview
Pound is trading at 1.3253, as inflation and PPI output data reported yesterday came in below expectations. Dollar demand added to the weakness in Pound and focus would be on the wages data today. Another weak data, coupled with weak equity markets would drive the pair below 1.31.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP Core Retail Sales (MoM) (Aug) -0.60% 1.50%
14:00:00 GBP Core Retail Sales (YoY) (Aug) 5.00% 5.40%
14:00:00 GBP Retail Sales (MoM) (Aug) -0.40% 1.40%
16:30:00 GBP BoE MPC vote unchanged (Sep) 9 9
16:30:00 GBP BoE QE Total (Sep) 435B 435B
16:30:00 GBP Interest Rate Decision (Sep) 0.25% 0.25%
16:30:00 GBP BoE MPC Meeting Minutes
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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GBP/USD. Pair after opening at 1.3186 made a high of 1.3228 , and saw some selling pressure from the higher levels after a strong run up from the past weeks, the pair has reversed from the levels of 1.3400 levels and now near 1.32 now 1.34 would act as a strong resistance and pair will see strong supply coming in at higher levels
Fundamental Overview
Pound is trading at 1.3253, as inflation and PPI output data reported yesterday came in below expectations. Dollar demand added to the weakness in Pound and focus would be on the wages data today. Another weak data, coupled with weak equity markets would drive the pair below 1.31.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP Core Retail Sales (MoM) (Aug) -0.60% 1.50%
14:00:00 GBP Core Retail Sales (YoY) (Aug) 5.00% 5.40%
14:00:00 GBP Retail Sales (MoM) (Aug) -0.40% 1.40%
16:30:00 GBP BoE MPC vote unchanged (Sep) 9 9
16:30:00 GBP BoE QE Total (Sep) 435B 435B
16:30:00 GBP Interest Rate Decision (Sep) 0.25% 0.25%
16:30:00 GBP BoE MPC Meeting Minutes