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  1. #21
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Jun 30: Intra-day Market Moving News and Views (GBP/USD)

    Intra-day Market Moving News and Views
    30 Jun 2015
    08:42GMT

    GBP/USD - ...... Although cable edged lower in tandem with euro and fell from Asian high of 1.5737 to 1.5693 in European morning, price briefly jumped to 1.5745 after release of upbeat yearly revision of UK Q1 GDP and narrower-than-expected trade deficit.
    However, lack of follow-through buying capped gain there and price then settled around 1.5720.

    The U.K.'s Office for National Statistics said on Tuesday that UK GDP expanded at a seasonally adjusted rate of 0.4% in the first quarter, up from a previous estimate of 0.3% and in line with expectations.
    Annualized GDP grew at a rate of 2.9% in the first quarter, up from an initial forecast of 2.4% and beating expectations for a 2.5% increase.
    In a separate report, ONS said that the U.K. current account recorded a seasonally adjusted deficit of 26.5 bln pounds in the first quarter, narrowing from a deficit of 28.9 bln in the fourth quarter, whose figure was revised from a deficit of 25.3 bln pounds.

  2. #22
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Jul 3: Intra-day Market Moving News and Views (GBP/USD)

    Intra-day Market Moving News and Views
    03 Jul 2015
    02:46GMT

    GBP/USD - 1.5608... Although cable staged a rebound from a fresh 2-1/2 week trough at 1.5580 in European morning on Thur n climbed to 1.5624 after release of upbeat Markit/CIPS construction PMI, active cross-selling in sterling knocked price lower to 1.5562 in NY morning before broad-based weakness in the greenback lifted price briefly to 1.5640 after tepid U.S. jobs data. Later, cable edged lower to 1.5592 near NY close and then climbed back to 1.5624 in Asia on Friday.

    Today's focus for the British pound is on the release of important Markit/CIPS service PMI at 08:30GMT.
    Street forecast is for reading to improve to 57.4 in June compares to 56.5 in previous month. Until then, sideways range trading inside yesterday's intra-day range of 1.5562-1.5640 is likely to be seen.

    At the moment, bids are tipped in 1.5580-60 region with stops building below 1.5550, whilst offers are reported at 1.5630-40 with selling interest from various accounts up from 1.5660 to 1.5680.

    Friday will see the release of Australia's retail sales, China's HSBC services PMI, Germany's and U.K. Markit services PMI, eurozone retail sales. U.S. will be closed for Independece Day holiday on Friday.

  3. #23
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Jul 3: Intra-day Market Moving News and Views (GBP/USD)

    Intra-day Market Moving News and Views
    03 Jul 2015
    08:33GMT

    GBP/USD - 1.5625... Despite cable's choppy sideways move in a relatively narrow range of 1.5602-1.5623 in Asian and early European session, price jumped briefly to 1.5649 following the release of upbeat UK service PMI.

    On Friday, The Chartered Institute of Purchasing & Supply and the NTC Economics Service sector activity in the U.K. rose more-than-expected last month.
    It said that U.K. Services PMI rose to a seasonally adjusted annual rate of 58.5, from 56.5 in the preceding month.

    At the moment, bids from various accounts are building up at 1.5610-00 and more around 1.5590 with mixture of bids and stops at 1.5570-60.
    On the upside, offers are tipped at 1.5645/50 and more around 1.5670 with stops emerging further out above 1.5700.

  4. #24
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Jul 22: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    22 Jul 2015
    02:59GMT

    GBP/USD - ...... Cable fell below Monday's low at 1.5538 to 1.5529 in European morning on Tuesday on 'active' long liquidation in sterling crosses before recovering to 1.5574 in NY and then rose briefly to 1.5577 in Asian morning on Wednesday due to broad-based weakness in the greenback.

    Today, BoE will release the MPC vote outcome n minutes of the MPC meeting ending 8 July at 08:30GMT.
    Market expects to minutes may show policymakers held back on interest rate hike due to the Greek debt crisis and uncertainty surrounding the summer Budget.

    At the moment, bids are noted at 1.5540-30 and then 1.5510/05 with mixture of bids and stops at 1.5500-1.5490.
    On the upside, offers are reported at 1.5590-00 and around 1.5620 with selling interest from various accounts tipped at 1.5630-50 region.

    Wednesday will see the release of Australia's Westpac leading index and CPI, BoE minutes, vote outcome, inflation report hearing, CBI distributive trades, U.S. monthly home price index, Markit service PMI, existing home sales and eurozone consumer confidence.

  5. #25
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Jul 27: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    27 Jul 2015
    02:16GMT

    GBP/USD - ...... Although cross-selling in sterling pressure price lower to 1.5467 in European morning on Friday, price recovered later in the day and climbed back to 1.5527 in tandem with euro in NY session.
    Cable found support at 1.5499 near NY close and then edged higher in tandem with eur/usd to 1.5539 in Asia on Monday before easing.

    Due to the absence of U.K. eco. data and events today, the British pound is expected to track euro's intra-day swing closely.
    At present, bids from various accounts are reported at 1.5515-05 and then 1.5500-1.5490 with stops building up below 1.5470.
    On the upside, offers are placed at 1.5550-60 and around 1.5580 with mixture of offers and stops at 1.5590-00.

    This week will see the release of Japan's CSPI, New Zealand's ANZ business confidence, Germany's import price, Ifo business climate, U.K. CBI trends, U.S. durable goods and building permits on Monday.

    Australia's NAB business confidence, U.K. GDP, Canada's producer prices, U.S. Redbook, Markit services PMI and consumer confidence on Tuesday.

    Japan's retail sales, Germany's GfK consumer sentiment, Swiss UBS consumption indicator, U.K. mortgage approvals and CBI distributive trades, U.S. pending home sales change, FOMC rate decision and Fed's monetary policy statement on Wednesday.

    New Zealand's building consents, Japan's industrial output and IP forecast, Australia's building approvals, import and export prices, Swiss KOF indicator, Germany's unemployment, eurozone business climate, consumer inflation expectation, consumer confidence, unemployment rate, eurozone unemployment rate, Germany's CPI and HICP, U.S. initial jobless claims on Thusday.

    U.K. GfK consumer confidence, Japan's all household spending, CPI and unemployment rate, Australia's PPI, Japan's construction orders and housing starts, eurozone inflation, Canada's GDP, U.S. employment costs, Chicago PMI and Reuters/Michigan consumer sentiment index on Friday.

  6. #26
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    Smile AceTraderFx Jul 28: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    28 Jul 2015
    02:41GMT

    GBP/USD - ..... Despite cable brief but sharp retreat from 1.5544 to 1.5490 in European morning on Monday due active cross-selling of sterling vs eur & yen, price ratcheted higher in tandem with euro in NY morning to 1.5595 before retreating.
    Later, cable edged lower to 1.5553 in NY afternoon and then moved sideways in Asian morning.

    Expecy yesterday's high to hold from here as market focus is on the release of U.K. Q2 GDP at 08:30GMT. Forecast for the preliminary estimate of UK 2nd quarter GDP from the Office for National Statistics (ONS) to show a 0.7% quarter-on-quarter increase following a 0.4% rise in the first 3 months of the year.

    At the moment, bids are noted at 1.5550-40 and more below with stops reported below 1.5520.
    On the upside, offers are tipped at 1.5580-90 and more above with stops building above 1.5600.

    Tuesday will see the release of Australia's NAB business confidence, U.K. GDP, Canada's producer prices, U.S. Redbook, Markit services PMI and consumer confidence. Market players are now focusing on this Wednesday's Federal Reserve policy meeting.

  7. #27
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    Smile AceTraderFx Aug 5: Intra-day Market Moving News and Views (GBP/USD)

    Intra-day Market Moving News and Views
    05 Aug 2015
    08:13GMT

    GBP/USD - ...... Although cable came under renewed selling pressure at 1.5574 in Australia and then tanked to 1.5526 in Asia after tripping stops below last week's low at 1.5549, short-covering emerged there and price later climbed to 1.5588 in European morning, helped by active cross-buying in sterling vs euro.

    At present, investors are awaiting the release of important UK services PMI at 08:30GMT. Market forecast is for the UK services PMI for July to come in at 58.2, a slight drop from previous month's figure of 58.5.
    For now, offers are reported at 1.5590-00 and more around 1.5620 with stops above 1.5650, whilst bids are noted at 1.5550-40 with mixture of bids and stops at 1.5520-10.

  8. #28
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    Smile AceTraderFx Aug 18: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    18 Aug 2015
    01:51GMT

    GBP/USD - ..... The mildly hawkish comments by MPC official (our 01:23GMT update) over the weekend proved to be a red herring. Although Asian traders showed muted reaction to the newspaper report, London traders, in the absence of any U.K. data on Monday, used the news to take the pound higher on stop-hunting.
    However, market chatter of offers just below July's 1.5691 checked intra-day gain at 1.5690 and cable quickly retreated and fell due to continued liquidation on intra-day 'speculative' long positions.
    Price tumbled to 1.5619 at New York open, and despite a short-covering recovery to 1.5643, another wave of road-based pound bashing sent price tanking to 1.5578.
    Cable weakened to 1.5576 at Asian open before stabilising.

    Expect cable to gain temporary respite ahead of European open but price may well come under renewed selling when the key U.K. inflation data comes out at 08:30GMT.
    Annual CPI is expected to stay a 'flat' rate and street forecast for July's M/M reading is -0.3% vs previous figure of 0.0%.
    Therefore, if the monthly reading comes in a forecast or lower, then cable should head south.

    Offers are tipped at 1.5590/00 and more above with some stops reported at 1.5620, some bids are noted at 1.5575-65 with stops reported below 1.5535.

    Data to be released on Tuesday include:

    Australia's RBA meeting minutes, China's house prices, UK's CPI, PPI, DCLG house price index and RPI, U.S.'s building permits, housing starts and Redbook.

  9. #29
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    Smile AceTraderFx Sept 10: Intra-Day News and Views (GBP/USD)

    Intra-day Market Moving News and Views

    10 Sep 2015
    03:16GMT

    GBP/USD - ...... Despite a brief rebound from yesterday's European low at 1.5350 to 1.5391 in New York morning, the British pound met renewed selling interest and retreated to 1.5353 in New York afternoon.
    Cable continues to remain under pressure in Asian morning as investors await the release of BoE's policy statement and meeting minutes later today.

    BoE will release its interest rate decision, QE total, policy statement n meeting minutes at 11:00GMT.
    Although no change is expected on the policy front, traders shud be on the look out for the vote hike count and also the language used by the central bank regarding the country's economic recovery.

    Offers are now seen at 1.5380/90 and more below at 1.5400/10 with stops building up above there whilst initial bids are noted at 1.5320/30, suggesting further choppy trading would be seen till European open.

  10. #30
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    Smile AceTraderFx Sept 11: Intra-day Market Moving News and Views (GBP/USD)

    Intra-day Market Moving News and Views
    11 Sep 2015
    04:00GMT

    GBP/USD - ...... The British pound trades narrowly in subdued Asian morning after yesterday's rally to a fresh 2-week high at 1.5476 after yesterday's intra-day swings after BoE's latest policy statement showed policymakers are less worried about the domestic impact of turmoil in global markets.
    The pound jumped to 1.5449 after the expected MPC vote outcome and quickly retreated to 1.5377 on profit taking. Price later rallied in tandem with euro in New York morning to 1.5476 and later retreated to 1.5435 in Australia on Friday.
    However, the pair found renewed support and staged a rebound to 1.5451 at Asian open.

    Since there is no eco. data due from the UK today, price is likely to track euro's intra-day movements in European morning.
    Bids are noted at 1.5420/30 and more below at 1.5400/10 with stops building up below there whilst initial offers are noted at 1.5470/80 and more above 1.5500.

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