GBP/USD TECHNICAL OUTLOOK : 23.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2352 made a high of 1.2378, and seen some selling coming in from the 1.2350 levels and the pair tested the levels of 1.2300 and sustain there for a while before bears came and took control and dragged prices lower below 1.23 now 1.23 will act as a resistance so utilized the rise to sell the pair.
Fundamental Overview
Pound is trading at 1.2283, continued to retreat from the higher levels just shy of 1.24 as markets continued to exert pressure after the dovish statement from the bank of England last week. UK market would close midday today and reopens only on Wednesday after the Christmas break. Expect the pair to be stuck near the
1.23 handle.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Business Investment (QoQ) (Q3) 0.90% 0.90%
15:00:00 GBP Current Account (Q3) -27.5B -25.9B
15:00:00 GBP GDP (QoQ) (Q3) 0.50% 0.50%
15:00:00 GBP GDP (YoY) (Q3) 2.30% 2.30%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Pound is trading at 1.2283, continued to retreat from the higher levels just shy of 1.24 as markets continued to exert pressure after the dovish statement from the bank of England last week. UK market would close midday today and reopens only on Wednesday after the Christmas break. Expect the pair to be stuck near the
1.23 handle.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Business Investment (QoQ) (Q3) 0.90% 0.90%
15:00:00 GBP Current Account (Q3) -27.5B -25.9B
15:00:00 GBP GDP (QoQ) (Q3) 0.50% 0.50%
15:00:00 GBP GDP (YoY) (Q3) 2.30% 2.30%