GBP/USD TECHNICAL OUTLOOK : 25.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2533 made a low of 1.2417, and saw the pair trading volatile and made a spike low of 1.2417 and could not sustain the lower levels ad saw some demand coming in the pair the pair is not breaking the 1.24 levels and now trading above the 1.25 levels likely to test levels of 1.2550-1.2590 in coming session so utilize dips to buy the pair.
Fundamental Overview
British Pound is trading at 1.2532, after a volatile trading session yesterday. The British supreme court has announced its verdict in regards to the Article 50 in which has declared that the British parliament would be taking a call on when to invoke the process of exiting the European Union. This was interpreted by the markets as a delay in exiting the EU and helped the Pound gain some lost ground. Though there could be a delay, the exit is inevitable and the uncertainty to continue. We continue to prefer fading any rallies in the Pound.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
16:30 GBP CBI Industrial Trends Orders (Jan) 2 0
21:30 GBP BoE Gov Carney Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
British Pound is trading at 1.2532, after a volatile trading session yesterday. The British supreme court has announced its verdict in regards to the Article 50 in which has declared that the British parliament would be taking a call on when to invoke the process of exiting the European Union. This was interpreted by the markets as a delay in exiting the EU and helped the Pound gain some lost ground. Though there could be a delay, the exit is inevitable and the uncertainty to continue. We continue to prefer fading any rallies in the Pound.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
16:30 GBP CBI Industrial Trends Orders (Jan) 2 0
21:30 GBP BoE Gov Carney Speaks