GBP/USD TECHNICAL OUTLOOK : 15.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Pound is trading at 1.2462, depreciating against US dollar after CPI data was reported lower than expected. Pound fell from 1.2540 to a low of 1.2443. Hawkish comments from Yellen failed to induce further weakness in Pound. Claimant Count Change and Unemployment rate data to be published today. And will keep the British under pressure. We prefer selling Pound after any rise.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP Average Earnings Index +Bonus (Dec) 2.80% 2.80%
15:00 GBP Claimant Count Change (Jan) 0.8K -10.1K
15:00 GBP Unemployment Rate (Dec) 4.80% 4.80%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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GBP/USD. Pair after opening at at 1.2526 made a high of 1.2549 on last trading day and was trading with some negative bias and could not surpass the levels of 1.2550 and after violating the supports of 1.25 the pair had a trending move on the down side now immediate supports comes at 1.24 and the pair if violate the supports can head lower so utilize sell on rise on intraday basis.Fundamental Overview
Pound is trading at 1.2462, depreciating against US dollar after CPI data was reported lower than expected. Pound fell from 1.2540 to a low of 1.2443. Hawkish comments from Yellen failed to induce further weakness in Pound. Claimant Count Change and Unemployment rate data to be published today. And will keep the British under pressure. We prefer selling Pound after any rise.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP Average Earnings Index +Bonus (Dec) 2.80% 2.80%
15:00 GBP Claimant Count Change (Jan) 0.8K -10.1K
15:00 GBP Unemployment Rate (Dec) 4.80% 4.80%