- Wednesday, 02 March 2016
- Daily Technical Analysis
GBP/USD Daily Forecast – 03 March
Sterling spent most of the yesterday's session in an uptrend going all the way to above 1.4050 handle, which is of course bullish sign, since 1.40 handle was expected to offer significant amount of resistance, being round psychologically important level. As for tomorrow, any type of supportive candles around 1.4050 level and 1.40 area, would be short-term buying signal, while resistive candles above 1.4150 area, would offer short-term buying opportunity. Read more...
- Wednesday, 02 March 2016
- News
UK Construction PMI missed market expectations
- Tuesday, 01 March 2016
- Daily Technical Analysis
GBP/USD Daily Forecast – 02 March
Sterling was pushed higher in the course of the yesterday's session, but found area around 1.40 handle to be too resistive at the moment, with pair pulling back by the end of the session, to 1.3950 level. Tomorrow, we would pay attention to ADP job figures. Any type of supportive candles around 1.39 level and 1.3850 area, would be short-term buying signal, while resistive candles above 1.40 area, would offer short-term buying opportunity. Read more...
- Tuesday, 01 March 2016
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 02 March
Yesterday's session brought UK Manufacturing PMI data. February saw the rate of expansion in the UK manufacturing sector slow back towards the stagnation mark. Output growth eased sharply, as levels of incoming new business showed little movement on one month earlier. The slowdown was also reflected in the labour market, with job losses registered for the second straight month.
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