GBP/USD TECHNICAL OUTLOOK:8.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2510 made a high of 1.2520, and seen some supply from the higher levels , and the pair could not sustain the 1.25 levels and reversed this signifies aggressiveness of bear at higher levels but 1.23 will support act as a strong support so the pair will be likely to be volatile in the said range
Fundamental Overview
Pound is trading at 1.2395, remaining on a somber note when compared to the majors in yesterday’s session. Housing data was reported better than expected with the price index appreciating by 5.2% in the month of October. Expected muted trading in the day and the longer term uncertainty would continue to limit any gains in the pair beyond 1.26.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
3:00:00 PM GBP Industrial Production (MoM) (Sep) 0.10% -0.40%
3:00:00 PM GBP Manufacturing Production (MoM) (Sep) 0.40% 0.20%
3:00:00 PM GBP Industrial Production (MoM) (Sep) 0.10% -0.40%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Pound is trading at 1.2395, remaining on a somber note when compared to the majors in yesterday’s session. Housing data was reported better than expected with the price index appreciating by 5.2% in the month of October. Expected muted trading in the day and the longer term uncertainty would continue to limit any gains in the pair beyond 1.26.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
3:00:00 PM GBP Industrial Production (MoM) (Sep) 0.10% -0.40%
3:00:00 PM GBP Manufacturing Production (MoM) (Sep) 0.40% 0.20%
3:00:00 PM GBP Industrial Production (MoM) (Sep) 0.10% -0.40%