GBP/USD TECHNICAL OUTLOOK : 22.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
British Pound is trading at 1.2500, bouncing against the dollar in yesterday’s trade. There were no major reports but there was an uneventful speech from the Bank of England governor who gave no clear direction about rates. UK GDP on tap today and markets expect a status quo. We prefer entering shorts in the 1.25- 1.2550 levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP Business Investment (QoQ) (Q4) 0.00% 0.40%
15:00 GBP GDP (QoQ) (Q4) 0.60% 0.60%
15:00 GBP GDP (YoY) (Q4) 2.20% 2.20%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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GBP/USD. Pair after opening at at 1.2486 made a high of 1.2511 on last trading day and was trading with negative bias after the data announcement the pair increased its momentum on the down side and went below the crucial supports of 1.24 and now trading near that levels so intraday sell on rise strategy likely to yield return so utilize rise to sell the pair.Fundamental Overview
British Pound is trading at 1.2500, bouncing against the dollar in yesterday’s trade. There were no major reports but there was an uneventful speech from the Bank of England governor who gave no clear direction about rates. UK GDP on tap today and markets expect a status quo. We prefer entering shorts in the 1.25- 1.2550 levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP Business Investment (QoQ) (Q4) 0.00% 0.40%
15:00 GBP GDP (QoQ) (Q4) 0.60% 0.60%
15:00 GBP GDP (YoY) (Q4) 2.20% 2.20%