- Monday, 15 February 2016
- Daily Technical Analysis
GBP/USD Daily Forecast – 16 February
Sterling was initially pushed higher in the course of the session on Friday, but found area around 1.4530 level to be resistive enough in order to all the way to 1.44 handle, where pair managed to find support and rebound by the end of the day. Focus of tomorrow's session will be on UK CPI and PPI figures. Pair is likely to find support around 1.44 handle, and 1.4350 handle in extension, as these were major resistive points in the past and resistance above 1.4570 handle so this is where we would consider placing short-term selling bids.
Read more...- Monday, 15 February 2016
- News
UK housing market "has hit the ground"
- Friday, 12 February 2016
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 15 February
From the UK, on Friday, Construction Output data was published. In December 2015, output in the construction industry was estimated to have increased by 1.5% compared with November 2015 due to an increase of 2.6% in all new work. This was offset by repair and maintenance which decreased by 0.5%. When comparing the annual 2015 data with 2014, output in the construction industry was estimated to have increased by 3.4%. All new work increased by 6.8% while repair and maintenance decreased by 2.2%. Read more...
- Friday, 12 February 2016
- Daily Technical Analysis
GBP/USD Daily Forecast – 15 February
Sterling was initially pushed higher in the course of the session on Thursday, but found area around 1.4570 level to be resistive enough in order to pullback in the US part of the session,all the way to 1.4450 handle, where pair managed to find support and rebound by the end of the day. With no major data releases on Monday, pair is likely to find support around 1.44 handle, and 1.4350 handle in extension, as these were major resistive points in the past and resistance above 1.4570 handle so this is where we would consider placing short-term selling bids. Read more...
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