GBP/USD TECHNICAL OUTLOOK : 9.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2620 made a high of 1.2707, and seen some selling from the higher levels and the pair was respecting the lower levels , after a short covering levels few day back the pair not able to surpass1.2800 mark and saw some selling coming from this levels now but yesterday even saw selling so likely to selling continue for the day.
Fundamental Overview
Pound is trading at 1.2589, traded on a mixed note but losing ground against the resurgent US dollar but rallied against the Euro. There was no economic data from the UK but high volatility was witnessed in the pair. UK Supreme Court finished hearing the Article 50 case but the verdict would be reserved for Jan. Expect sideways action with the pair falling back to the 1.26-1.23 range.
Economic Data & News
TIM COUNTRY DATA ACTUAL SURV PREVIOUS
3:00:00 PM GBP Trade Balance (Oct) -11.80B -12.70B
3:00:00 PM GBP Trade Balance Non-EU (Oct) -3.48B -3.97B
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Pound is trading at 1.2589, traded on a mixed note but losing ground against the resurgent US dollar but rallied against the Euro. There was no economic data from the UK but high volatility was witnessed in the pair. UK Supreme Court finished hearing the Article 50 case but the verdict would be reserved for Jan. Expect sideways action with the pair falling back to the 1.26-1.23 range.
Economic Data & News
TIM COUNTRY DATA ACTUAL SURV PREVIOUS
3:00:00 PM GBP Trade Balance (Oct) -11.80B -12.70B
3:00:00 PM GBP Trade Balance Non-EU (Oct) -3.48B -3.97B