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Wednesday, 16 March 2016
Daily Fundamental Analysis

GBP/USD Daily Forecast – 17 March

Yesterday's session was marked by UK job figures. For February 2016 there were 716,700 people claiming unemployment related benefits. This was 18,000 fewer than for January 2016 and 102,500 fewer than for a year earlier and also the lowest since April 1975. Analysts were forecasting decrease by 8,800. Average weekly earnings for employees in Great Britain increased by 2.1% including bonuses and by 2.2% excluding bonuses compared with a year earlier. The unemployment rate was 5.1%, lower than for a year earlier (5.7%). This was in line with market expectations. Read more...

Wednesday, 16 March 2016
News

Unemployment Rate unchanged at 5.1%

For February 2016 there were 716,700 people claiming unemployment related benefits. This was 18,000 fewer than for January 2016 and 102,500 fewer than for a year earlier and also the lowest since April 1975. Analysts were forecasting decrease by 8,800.  Read more...
Tuesday, 15 March 2016
Daily Technical Analysis

GBP/USD Daily Forecast – 16 March

Sterling continued its downtrend in the course of the Tuesday's session going all the way to 1.4150 handle where pair found some amount of support. Though there were no major data releases decline is mostly due to Brexit concerns. Tomorrow,focus will be on UK job figures and Fed's rate decision as well as following press conference. Any type of supportive candles around 1.4050 level and 1.40 area, would be short-term buying signal, while resistive candles above 1.4250 and 1.43 area in extension, would offer short-term buying opportunity. Read more...

Tuesday, 15 March 2016
Daily Fundamental Analysis

GBP/USD Daily Forecast – 16 March

There were no major data releases from the UK yesterday, but Sterling continued its fall due to Brexit concerns. Supporters of Brexit are more likely to vote in the forthcoming referendum which could give the Leave campaign a decisive edge in the final result, a new Telegraph poll suggests. Analysis of the survey by Sir Lynton Crosby shows that voters who want Britain to leave the European Union are more motivated than those who say they are in favour of staying in. Read more...

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