Forecast for Q4'16 - levels for GBP/USD - page 3

 

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Sergey Golubev, 2016.12.01 11:53

GBP/USD Intra-Day Fundamentals: U.K. Manufacturing PMI and 78 pips range price movement

2016-12-01 09:30 GMT | [GBP - Manufacturing PMI]

if actual > forecast (or previous one) = good for currency (for GBP in our case)

[GBP - Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

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From official report:


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GBP/USD M5: 78 pips range price movement by U.K. Manufacturing PMI news event

 


 

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Muhammad Syamil Bin Abdullah, 2016.12.07 09:29

More Downwards Pressure ON British Pound

ON the 4H chart, we have got a butterfly bearish sell signal which witness the GBPUSD have dropped about 150pips. Attention will be focus on fibo level 50% and 61.8% aimed for support level, also for break through if the exchange should continue the current trend.


IN the mean time some important GBP news coming up :



 

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Sergey Golubev, 2016.12.22 15:14

Intra-Day Fundamentals - EUR/USD and GBP/USD: U.S. Gross Domestic Product

2016-12-22 13:30 GMT | [USD - GDP]

if actual > forecast (or previous one) = good for currency (for USD in our case)

[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy.

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From official report:

"Real gross domestic product increased at an annual rate of 3.5 percent in the third quarter of 2016, according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent."


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EUR/USD M5: 22 pips range price movement by U.S. Gross Domestic Product news events


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GBP/USD M5: 30 pips range price movement by U.S. Gross Domestic Product news events



 

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Sergey Golubev, 2016.12.23 13:10

GBP/USD Intra-Day Fundamentals: U.K. Current Account and 32 pips range price movement

2016-12-23 09:30 GMT | [GBP - Current Account]

  • past data is -22.1B
  • forecast data is -28.3B
  • actual data is -25.5B according to the latest press release

if actual > forecast (or previous one) = good for currency (for GBP in our case)

[GBP - Current Account] = Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter.

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From official report:

"The UK’s current account deficit was £25.5 billion in Quarter 3 (July to September) 2016, up from a revised deficit of £22.1 billion in Quarter 2 (April to June) 2016. The deficit in Quarter 3 2016 equated to 5.2% of gross domestic product (GDP) at current market prices, up from 4.6% in Quarter 2 2016." 

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GBP/USD M5: 32 pips range price movement by U.K. Current Account news event

 


Reason: