GBP/USD TECHNICAL OUTLOOK : 10.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
throughout the day after violating 1.2160 supports the pair has been trading negative for past many days after violating the supports of 1.24 so and yesterday was range bound , the yesterday range is likely to continue in today session.
Fundamental Overview
The Pound is hovering near its 7-week low currently trading at 1.2161. The Pound against USD has
continued to decline ahead of next week’s potential Brexit trigger. Manufacturing Production numbers for January to be released today too are expected to be poor adding on to the negative bias on the currency globally.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Industrial Production (MoM) (Jan) -0.40% 1.10%
15:00:00 GBP Manufacturing Production (MoM) (Jan) -0.60% 2.10%
15:00:00 GBP Trade Balance (Jan) -11.05B -10.89B
15:00:00 GBP Trade Balance Non-EU (Jan) -2.50B -2.11B
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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GBP/USD Pair after Opening at 1.2167 and made a high of 1.2196 and trading with a negative biasthroughout the day after violating 1.2160 supports the pair has been trading negative for past many days after violating the supports of 1.24 so and yesterday was range bound , the yesterday range is likely to continue in today session.
Fundamental Overview
The Pound is hovering near its 7-week low currently trading at 1.2161. The Pound against USD has
continued to decline ahead of next week’s potential Brexit trigger. Manufacturing Production numbers for January to be released today too are expected to be poor adding on to the negative bias on the currency globally.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Industrial Production (MoM) (Jan) -0.40% 1.10%
15:00:00 GBP Manufacturing Production (MoM) (Jan) -0.60% 2.10%
15:00:00 GBP Trade Balance (Jan) -11.05B -10.89B
15:00:00 GBP Trade Balance Non-EU (Jan) -2.50B -2.11B