GBP/USD TECHNICAL OUTLOOK:2.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2238 made a high of 1.2282, and seen some supply near 1.2270 levels but the pair was finding supports at 1.2200 and the pair is trading in a broader range of 1.23-1.2100 with oscillator front RSI remains oversold so likely to see some volatility going ahead in the above mentioned range.
Fundamental Overview
Pound is trading at 1.2231, unable to gain from the US dollar weakness as it is reeling under its own
difficulties. Manufacturing PMI was reported lower and the uncertainty surrounding Brexit prevented investors from taking on the Pound. Construction PMI due to be reported today is likely to add to the troubles of the Pound.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
3:00:00 PM GBP Construction PMI (Oct) 51.8 52.3
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2231, unable to gain from the US dollar weakness as it is reeling under its own
difficulties. Manufacturing PMI was reported lower and the uncertainty surrounding Brexit prevented investors from taking on the Pound. Construction PMI due to be reported today is likely to add to the troubles of the Pound.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
3:00:00 PM GBP Construction PMI (Oct) 51.8 52.3