- Friday, 19 February 2016
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 22 February
Friday was marked by UK Retail Sales and Public Sector Net Borrowing data. Compared with December 2015, the quantity bought in the retail industry is estimated to have increased by 2.3%. Incline by 0.8% was expected. Average store prices (including petrol stations) fell by 2.6% in January 2016 compared with January 2015, the 19th consecutive month of year-on-year price falls. The amount spent in the retail industry increased by 2.4% in January 2016 compared with January 2015 and increased by 2.3% compared with December 2015.
Read more...- Friday, 19 February 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 22 February – 26 February
Events that marked the week:
Tuesday's session brought UK CPI and PPI figures. The Consumer Prices Index (CPI) rose by 0.3% in the year to January 2016, in line with market forecasts, compared with a 0.2% rise in the year to December 2015. This is the third consecutive month of small increases, with the rate in January 2016 being the same as it was in January 2015. The main contributors to the rise in the rate were motor fuels, and to a lesser extent food, alcoholic beverages and clothing. Air fare prices partially offset the rise in the rate, falling by more than they did a year ago. This followed a large increase in prices in December 2015.
Read more...- Friday, 19 February 2016
- News
UK Retail Sales increased by 2.3%
- Thursday, 18 February 2016
- Daily Technical Analysis
GBP/USD Daily Forecast – 19 February
Sterling was initially pushed higher in the course of the session Thursday, but found area near 1.44 level to be resistive enough in order for pair to pullback by the end of the session to 1.43 handle. Focus of tomorrow's session will be on UK Retail Sales figures. Pair is likely to find support around 1.4250 handle, and 1.42 handle in extension, as these were major resistive points in the past and resistance above 1.44 handle so this is where we would consider placing short-term selling bids.
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