Market Leader informed
The British Pound met November in a flat range.
At the moment GBPUSD keeps ignoring the positive tendencies shown by the numerous economic sectors. Even British Petroleum has recently reported profits in the 3rd quarter after suffering heavy losses connected with the oil spill in the Gulf of Mexico.
By now the price has succeeded in partially recovering from yesterday’s decline after the news (the recovery is over 50%).
As a result GBPUSD widened the flat range. Numerous investors and traders are not in a hurry to enter the market as they are waiting for today’s news on USD.
News for Nov 3rd 2010 (GMT):
09:30 GBR - PMI Services
12:15 USA - ADP Employment Change
14:00 USA - ISM Non-Manufacturing Composite, Factory orders
14:30 USA - Crude Oil Inventories
1.6239 - 238.2%
1.6196 - 111.8%
1.6144 - 200.0%
1.6115/06 - 188.2%+100%+FZR + sell limits
1.6073 – MF pivot + sell limits
1.6035 – the current price
1.5965 - MF pivot + buy limits
1.5951 - 61.8%+ buy limits
1.5908 - 50%+ buy limits
1.5875 - MF pivot + buy limits
You are free to discuss this article here: forum for traders and investors
No comments:
Post a Comment