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FxWirePro: GBP/USD recovers slighty on fresh USD selling , good to buy on dips

  • GBP/USD has shown a nice jump of more than 200 pips from 7- month low of 1.3100 made previous week. GBP was trading slightly higher against all majors on account of hawkish BOE  comment. BOE has kept its interest rates unchanged but hawkish surprise came from MPC vote count which raised odds of Aug rate hike. The declining US boind yields and renewed trade war tensions has prompted fresh selling in USD. But Brexit uncertanities is expected to cap further gains in GBPUSD. It is currently trading around 1.3290.
     
  • Technically the pair has jumped slightly above 1.3300. The pair should close well above 1.3310 (20- day MA) on dalily basis for further jump till 1.3470/1.350.
     
  • On the lower side, near term major support is around 1.3200 and any break below will 1.3100/1.3045 (trend line support)/1.3000.

It is good to buy on dips around 1.3255-60 with SL around 1.3200 for the TP of 1.3470.

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September 19 14:30 UTC Released

USEIA Weekly Crude Runs

Actual

-0.442 M

Forecast

Previous

0.21 M

September 19 14:30 UTC Released

USEIA Weekly Refining Util

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-2.2 %

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-1 %

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1 %

January 31 00:00 UTC 333537333537m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 333537333537m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 345357345357m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 333537333537m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 345357345357m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 333537333537m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 333537333537m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 333537333537m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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