GBP/USD TECHNICAL OUTLOOK : 02.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2578 made a low of 1.2542, and saw the pair trading with a positive bias after a volatile session a day before, the pair trended on the up side after violating the resistance of 1.26 and had a strong momentum coming in now trading near 1.2675 its likely to test the near term hurdles of 1.27 so utilize dips to buy the pair.
Fundamental Overview
Pound is trading at 1.2675, trading near a two month high after the FOMC announcement. Today, we have a lot of data from the UK, starting with the Quarterly inflation report and a speech from BOE governor Carney. Member of the British Parliament passed a bill yesterday confirming that the Article 50 would be triggered in March. Expect higher levels of volatility going into these events.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP Construction PMI (Jan) 53.8 54.2
17:30 GBP BoE Inflation Report
17:30 GBP BoE MPC vote cut (Feb) 0 0
17:30 GBP BoE MPC vote hike (Feb) 0 0
17:30 GBP BoE MPC vote unchanged (Feb) 9 9 17:30 GBP BoE QE Total (Jan) 435B 435B
17:30 GBP BoE Interest Rate Decision (Jan) 0.25% 0.25%
17:30 GBP BoE MPC Meeting Minutes
18:00 GBP BoE Gov Carney Speaks
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Fundamental Overview
Pound is trading at 1.2675, trading near a two month high after the FOMC announcement. Today, we have a lot of data from the UK, starting with the Quarterly inflation report and a speech from BOE governor Carney. Member of the British Parliament passed a bill yesterday confirming that the Article 50 would be triggered in March. Expect higher levels of volatility going into these events.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP Construction PMI (Jan) 53.8 54.2
17:30 GBP BoE Inflation Report
17:30 GBP BoE MPC vote cut (Feb) 0 0
17:30 GBP BoE MPC vote hike (Feb) 0 0
17:30 GBP BoE MPC vote unchanged (Feb) 9 9 17:30 GBP BoE QE Total (Jan) 435B 435B
17:30 GBP BoE Interest Rate Decision (Jan) 0.25% 0.25%
17:30 GBP BoE MPC Meeting Minutes
18:00 GBP BoE Gov Carney Speaks