GBP/USD TECHNICAL OUTLOOK:22.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2338made a low of 1.2310, and seen some bounce from the lower levels and formed a bullish candle signifying bulls are back in the pair for the short term if the pair maintain above the levels of 1.24 then it can test 1.26 in near future so utile dips to buy the pair for the day.
Fundamental Overview
Pound is trading at 1.25, appreciating against the US dollar in a surprise up move. There was no data that was reported yesterday. Comments from British Prime Minister May, saying that she would invoke Article 50 by March 2017 failed to induce any weakness. There is no major data to be reported from the British economy and markets are likely to continue with the trend of US dollar weakness.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
16:30:00 GBP CBI Industrial Trends Orders (Nov) -9 -17
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Pound is trading at 1.25, appreciating against the US dollar in a surprise up move. There was no data that was reported yesterday. Comments from British Prime Minister May, saying that she would invoke Article 50 by March 2017 failed to induce any weakness. There is no major data to be reported from the British economy and markets are likely to continue with the trend of US dollar weakness.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
16:30:00 GBP CBI Industrial Trends Orders (Nov) -9 -17