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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 100133, member: 22847"] AceTraderFx Apr 12: Intra-Day Market Moving News and Views (GBP/USD) [B]Intra-Day Market Moving News and Views 12 Apr 2016[/B] 04:12GMT GBP/USD - ...... The British pound rallied after a brief retreat from 1.4145 to 1.4108 in European morning on Monday and then rallied to a high of 1.4287 in New York morning due to active cross-buying in sterling especially versus euro. Later, price retreated to 1.4230 in New York afternoon, then marginally lower to 1.4227 ahead of Asian open on Tuesday. Today will sell the release of a slew of economic data from UK during European session, these include CPI, RPI, PPI and DCLG house prices. Market expects the inflation in UK to rise with a monthly rate of 0.3% in March compare to 0.2% in preceding month, whilst RPI to drop to 0.3% last month vs 0.5% in February. Having said that, investors should pay attention to the latest PPI readings as it may paint a mixed picture to the economic outlook with its variations in input and output. At the moment, bids are noted at 1.4220-10 and more at 1.4200-1.4190, then 1.4180-70 with stops below 1.4160. On the upside, offers are reported at 1.4250-60 and 1.4270-80 with stops above 1.4300. [/QUOTE]
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