GBP/USD TECHNICAL OUTLOOK:17.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2448 made a high of 1.2502, 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 , and making lower top on the daily time frame so any rise shall be utilize to sell the pair.
Fundamental Overview
Pound is trading at 1.2420, with a minimal change from the previous days close. Economic data was reported weaker than expected with the average hourly earnings being reported lower than expected and a marginal drop in the jobless rate. UK retail sales would be an important data to watch out for during today’s session. Overall, Pound is expected to remain in a range for the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:00:00 GBP Core Retail Sales (MoM) (Oct) 0.40% 0.00%
15:00:00 GBP Core Retail Sales (YoY) (Oct) 5.40% 4.00%
15:00:00 GBP Retail Sales (MoM) (Oct) 0.40% 0.00%
15:00:00 GBP Retail Sales (YoY) (Oct) 5.30% 4.10%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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 , and making lower top on the daily time frame so any rise shall be utilize to sell the pair.
Fundamental Overview
Pound is trading at 1.2420, with a minimal change from the previous days close. Economic data was reported weaker than expected with the average hourly earnings being reported lower than expected and a marginal drop in the jobless rate. UK retail sales would be an important data to watch out for during today’s session. Overall, Pound is expected to remain in a range for the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:00:00 GBP Core Retail Sales (MoM) (Oct) 0.40% 0.00%
15:00:00 GBP Core Retail Sales (YoY) (Oct) 5.40% 4.00%
15:00:00 GBP Retail Sales (MoM) (Oct) 0.40% 0.00%
15:00:00 GBP Retail Sales (YoY) (Oct) 5.30% 4.10%