GBP/USD TECHNICAL OUTLOOK:16.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2496 made a low of 1.2396, and seen some selling from the higher levels , and the pair could not sustain the levels of 1.25 and saw selling pressure after the data the pair is having 50DMA at 1.26 and is facing strong supply there so any rise shall be utilize to sell the pair
Fundamental Overview
Pound is trading at 1.2475, after declining below the 1.24 mark in yesterday’s session. A lower than expected inflation reading which was reported yesterday dragged the pair lower. A leaked note suggested that the UK government had no plans ready for Brexit also added to the weakness. Claimant count and unemployment data would be the key data to watch out for today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Average Earnings Index +Bonus (Sep) 2.40% 2.30%
15:00:00 GBP Claimant Count Change (Oct) 2.0K 0.7K
15:00:00 GBP Unemployment Rate (Sep) 4.90% 4.90%
19:30:00 GBP BoE MPC Member Cunliffe Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2475, after declining below the 1.24 mark in yesterday’s session. A lower than expected inflation reading which was reported yesterday dragged the pair lower. A leaked note suggested that the UK government had no plans ready for Brexit also added to the weakness. Claimant count and unemployment data would be the key data to watch out for today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Average Earnings Index +Bonus (Sep) 2.40% 2.30%
15:00:00 GBP Claimant Count Change (Oct) 2.0K 0.7K
15:00:00 GBP Unemployment Rate (Sep) 4.90% 4.90%
19:30:00 GBP BoE MPC Member Cunliffe Speaks