GBP/USD TECHNICAL OUTLOOK:15.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2543 made a high of 1.2674, and seen some buying from the lower levels , and the pair could not sustain the 1.25 levels and breakout but yesterday could not sustain this signifies aggressiveness of bear at higher levels but 1.23 will support act as a strong support, so likely to be volatile
Fundamental Overview
Pound is trading at 1.2493, finally breaking against the US dollar in yesterday’s session. There was no major data from the UK but appreciating Yields in the Gilts has driven the UK currency higher. Inflation data is scheduled to be reported today and a positive reading could drive the pair higher else we can witness continued depreciation.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP CPI (YoY) (Oct) 1.10% 1.00%
15:00:00 GBP CPI (MoM) (Oct) 0.30% 0.20%
15:00:00 GBP PPI Input (MoM) (Oct) 2.10% 0.00%
15:30:00 GBP Inflation Report Hearings
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2493, finally breaking against the US dollar in yesterday’s session. There was no major data from the UK but appreciating Yields in the Gilts has driven the UK currency higher. Inflation data is scheduled to be reported today and a positive reading could drive the pair higher else we can witness continued depreciation.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP CPI (YoY) (Oct) 1.10% 1.00%
15:00:00 GBP CPI (MoM) (Oct) 0.30% 0.20%
15:00:00 GBP PPI Input (MoM) (Oct) 2.10% 0.00%
15:30:00 GBP Inflation Report Hearings