GBP/USD TECHNICAL OUTLOOK : 15.16.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2681 made a high of 1.2701, and seen some selling from the higher levels and but the pair respected the lower levels of 1.2550 few days back now violated that so that range is violated so rise is an opportunity to sell and pair, so intraday apply that strategy to sell at rise.
Fundamental Overview
Pound is trading at 1.2540, after trading above 1.27 before the FED statement. FED surprise confidence in the economy drove the US dollar against all the majors in yesterday’s trade. UK calendar is packed with data and the BOE interest rate decision is also due. Expect no surprises but a continuance of the neutral tone will aid some limited recovery in Pound.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Core Retail Sales (YoY) (Nov) 6.10% 7.60%
15:00:00 GBP Core Retail Sales (MoM) (Nov) 0.10% 2.00%
15:00:00 GBP Retail Sales (MoM) (Nov) 0.20% 1.90%
17:30:00 GBP BoE MPC vote cut (Dec) 0 0
17:30:00 GBP BoE MPC vote hike (Dec) 0 0
17:30:00 GBP BoE MPC vote unchanged (Dec) 9 9
17:30:00 GBP Interest Rate Decision (Dec) 0.25% 0.25%
17:30:00 GBP BoE QE Total (Dec) 435B 435B
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2540, after trading above 1.27 before the FED statement. FED surprise confidence in the economy drove the US dollar against all the majors in yesterday’s trade. UK calendar is packed with data and the BOE interest rate decision is also due. Expect no surprises but a continuance of the neutral tone will aid some limited recovery in Pound.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Core Retail Sales (YoY) (Nov) 6.10% 7.60%
15:00:00 GBP Core Retail Sales (MoM) (Nov) 0.10% 2.00%
15:00:00 GBP Retail Sales (MoM) (Nov) 0.20% 1.90%
17:30:00 GBP BoE MPC vote cut (Dec) 0 0
17:30:00 GBP BoE MPC vote hike (Dec) 0 0
17:30:00 GBP BoE MPC vote unchanged (Dec) 9 9
17:30:00 GBP Interest Rate Decision (Dec) 0.25% 0.25%
17:30:00 GBP BoE QE Total (Dec) 435B 435B