GBP/USD TECHNICAL OUTLOOK : 7.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2725 made a high of 1.2775, and seen some buying coming from lower levels after a short covering few day back the pair , not able to surpass1.2800 mark and saw some selling coming from this levels now this will act as a strong resistance in coming days and can drive the pair lower to 1.26 so utilize sell on rise for the day.
Fundamental Overview
Pound is trading at 1.2672, after scaling some new heights on Tuesday the British currency dwindled back below 1.27. News about the possibility of a soft Brexit and the stall in the US dollar rally helped the pound march higher. Industrial and manufacturing production data is on tap today and could drive the pair higher for another attempt to move above 1.27.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:00:00 PM GBP Halifax House Price Index (MoM) (Nov) 0.20% 1.40%
2:00:00 PM GBP Halifax House Price Index (YoY) (Nov) 6.00% 5.20%
3:00:00 PM GBP Industrial Production (MoM) (Oct) 0.20% -0.40%
3:00:00 PM GBP Manufacturing Production (MoM) (Oct) 0.20% 0.60%
8:30:00 PM GBP NIESR GDP Estimate 0.40%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2672, after scaling some new heights on Tuesday the British currency dwindled back below 1.27. News about the possibility of a soft Brexit and the stall in the US dollar rally helped the pound march higher. Industrial and manufacturing production data is on tap today and could drive the pair higher for another attempt to move above 1.27.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
2:00:00 PM GBP Halifax House Price Index (MoM) (Nov) 0.20% 1.40%
2:00:00 PM GBP Halifax House Price Index (YoY) (Nov) 6.00% 5.20%
3:00:00 PM GBP Industrial Production (MoM) (Oct) 0.20% -0.40%
3:00:00 PM GBP Manufacturing Production (MoM) (Oct) 0.20% 0.60%
8:30:00 PM GBP NIESR GDP Estimate 0.40%