GBP/USD TECHNICAL OUTLOOK : 10.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Pound is trading at 1.2500, pushed back from the 1.2580 levels that were seen in the European session yesterday. There was no data from the UK but the dollar rally pushed the pair lower, which in the first place had no specific reason to rally. Pound too would have the upside capped with the uncertainty about the Brexit negotiations. We prefer to fade upticks in the British currency.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
0:00 GBP BoE Gov Carney Speaks
20:30 GBP NIESR GDP Estimate 0.50%
15:00 GBP Industrial Production (MoM) (Dec) 0.20% 2.10%
15:00 GBP Manufacturing Production (MoM) (Dec) 0.50% 1.30%
15:00 GBP Trade Balance (Dec) -11.50B -12.16B
15:00 GBP Trade Balance Non-EU (Dec) -3.30B -3.58B
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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GBP/USD. Pair after opening at at 1.2535 made a high of 1.2582 on last trading day and was trading with some positive bias ,the pair after violating the levels the levels of 1.2510 had a strong intraday move and now corrected to levels of 1.25 but is trading in the range of 1.24-1.27 in the short term until the pair violates the levels of 1.24 dips is a buying opportunity.Fundamental Overview
Pound is trading at 1.2500, pushed back from the 1.2580 levels that were seen in the European session yesterday. There was no data from the UK but the dollar rally pushed the pair lower, which in the first place had no specific reason to rally. Pound too would have the upside capped with the uncertainty about the Brexit negotiations. We prefer to fade upticks in the British currency.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
0:00 GBP BoE Gov Carney Speaks
20:30 GBP NIESR GDP Estimate 0.50%
15:00 GBP Industrial Production (MoM) (Dec) 0.20% 2.10%
15:00 GBP Manufacturing Production (MoM) (Dec) 0.50% 1.30%
15:00 GBP Trade Balance (Dec) -11.50B -12.16B
15:00 GBP Trade Balance Non-EU (Dec) -3.30B -3.58B