GBP/USD TECHNICAL OUTLOOK : 01.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2590 made a low of 1.2410, and saw the pair trading with a negative bias after a volatile session and recovered taking the supports of 1.2410 and had a strong bounce from the previos structure supports now 1.24 is likely to be a strong supports any dips shall be utilize to buy the pair.
Fundamental Overview
British Pound is trading at 1.2576, after a highly volatile session yesterday. First it was sold off after weaker consumer credit and mortgage approval rates, moving towards 1.24 but the selloff in the US dollar helped the pair recoup the entire losses. Manufacturing PMI data on cards but focus would be on the FOMC statement.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 GBP Nationwide HPI (MoM) (Jan) 0.30% 0.80%
12:30 GBP Nationwide HPI (YoY) (Jan) 4.40% 4.50%
15:00 GBP Manufacturing PMI (Jan) 55.9 56.1
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
British Pound is trading at 1.2576, after a highly volatile session yesterday. First it was sold off after weaker consumer credit and mortgage approval rates, moving towards 1.24 but the selloff in the US dollar helped the pair recoup the entire losses. Manufacturing PMI data on cards but focus would be on the FOMC statement.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 GBP Nationwide HPI (MoM) (Jan) 0.30% 0.80%
12:30 GBP Nationwide HPI (YoY) (Jan) 4.40% 4.50%
15:00 GBP Manufacturing PMI (Jan) 55.9 56.1