acetraderfx
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AceTraderFx Jun 23: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-day Market Moving News and Views
23 Jun 2015 03:00GMT
GBP/USD - ..... Despite cable's sideways move in NY afternoon after early intra-day sell off from 1.5910 to 1.5806 on Monday, the pair tumbled again after meeting renewed selling at 1.5831 ahead of Asian open on Tuesday and then staged a sudden sell off to 1.5766 in part due to cross-selling in sterling.
Due to the thin U.K. economic calendar today, fund flow should dominate the market and the British pound is expected to track euro's intra-day swing closely.
Having said that, The Confederation of British Industry will release its survey on U.K. industrial trend for Jun at 10:00GMT and its is estimated to turn back into positive figure at 1 vs -5 in preceding month.
At present, fresh offers are building up at 1.5790-1.5810 region with mixture of offers and stops at 1.5830-40.
On the downside, bids are placed at 1.5750-40 and more around 1.5720 with demand from real money accounts at 1.5700.
Tuesday will see the release of Australia's CB leading index and home price index, China's HSBC manufacturing PMI, Germany's and eurozone Markit manufacturing PMI and services PMI respectively, U.K. inflation report hearing and CBI trends, U.S. durable goods, Redbook, monthly home price and new home sales.
Intra-day Market Moving News and Views
23 Jun 2015 03:00GMT
GBP/USD - ..... Despite cable's sideways move in NY afternoon after early intra-day sell off from 1.5910 to 1.5806 on Monday, the pair tumbled again after meeting renewed selling at 1.5831 ahead of Asian open on Tuesday and then staged a sudden sell off to 1.5766 in part due to cross-selling in sterling.
Due to the thin U.K. economic calendar today, fund flow should dominate the market and the British pound is expected to track euro's intra-day swing closely.
Having said that, The Confederation of British Industry will release its survey on U.K. industrial trend for Jun at 10:00GMT and its is estimated to turn back into positive figure at 1 vs -5 in preceding month.
At present, fresh offers are building up at 1.5790-1.5810 region with mixture of offers and stops at 1.5830-40.
On the downside, bids are placed at 1.5750-40 and more around 1.5720 with demand from real money accounts at 1.5700.
Tuesday will see the release of Australia's CB leading index and home price index, China's HSBC manufacturing PMI, Germany's and eurozone Markit manufacturing PMI and services PMI respectively, U.K. inflation report hearing and CBI trends, U.S. durable goods, Redbook, monthly home price and new home sales.