GBP/USD TECHNICAL OUTLOOK : 20.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.262 made a high of 1.2365, and saw the pair trading with some positive bias after a profit booking from the higher levels few days back the pair neither had not sustain the lower levels of 1.20 and reversed few day back this signifies demand and aggressiveness of bulls while supply is coming at 1.24-1.2450 so likely to trade volatile in the range.
Fundamental Overview
Pound is currently quoting at 1.2360, after a sharp up move in yesterdays session. retail sales data due to be reported today are likely to be positive and would help in further recovery of pound. US dollar would be in focus and we can expect volatility in the British pound today. We remain bearish on the Pound and would prefer to sell on rallies.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP BRC Retail Sales Monitor (YoY) (Dec) 1.00%
15:00 GBP Core Retail Sales (MoM) (Dec) -0.30% 0.50%
15:00 GBP Core Retail Sales (YoY) (Dec) 7.60% 6.60%
15:00 GBP Retail Sales (YoY) (Dec) 7.20% 5.90%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is currently quoting at 1.2360, after a sharp up move in yesterdays session. retail sales data due to be reported today are likely to be positive and would help in further recovery of pound. US dollar would be in focus and we can expect volatility in the British pound today. We remain bearish on the Pound and would prefer to sell on rallies.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP BRC Retail Sales Monitor (YoY) (Dec) 1.00%
15:00 GBP Core Retail Sales (MoM) (Dec) -0.30% 0.50%
15:00 GBP Core Retail Sales (YoY) (Dec) 7.60% 6.60%
15:00 GBP Retail Sales (YoY) (Dec) 7.20% 5.90%