GBP/USD TECHNICAL OUTLOOK : 8.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2680 made a high of 1.2682, and seen some selling from the said levels and from lower levels seen could not sustain the levels as that was a short covering levels 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 1.26 is acting as a support so dips to buy the pair.
Fundamental Overview
Pound is trading at 1.2649, continuing to remain weak as Brexit headlines dominated the markets. Economic data was reported weak with the industrial output falling by 1.3%, the biggest fall in four years. There is no major economic data to be reported from the UK today and focus would be on the cross flows from Euro after the ECB meeting.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:31:00 AM GBP RICS House Price Balance (Nov) 26.00% 23.00%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Pound is trading at 1.2649, continuing to remain weak as Brexit headlines dominated the markets. Economic data was reported weak with the industrial output falling by 1.3%, the biggest fall in four years. There is no major economic data to be reported from the UK today and focus would be on the cross flows from Euro after the ECB meeting.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:31:00 AM GBP RICS House Price Balance (Nov) 26.00% 23.00%