The UK has released first-quarter GDP numbers. In the second estimate it stayed unchanged, 0.3%. The pound strengthened following weakness of the US dollar, as the result it grew 60 points.
Today at 12:30 GMT+4 data on UK BBA loans for House Purchase in April is published, forecast 32.7K vs. 21.2K in March.
At 16:30 GMT+4 US Durable Goods Orders in April are published, forecast 1.8% vs. -6.9% in March. US Durable goods orders excluding transportation are estimated to be 0.6% vs. -1.2% in March.
Positive event is recovery of the Asian stock market which dropped 7.3% yesterday (Nikkei 225) amid weak data on PMI in China. However it has added today 2.7% by 7:00 GMT+4. Shanghai Composite index rose 0.5%.
Technically, after the price had consolidated above the Fibonacci extension on the H4 (higher 1.5112), the first target 1.5157, the low of may 17, opens, then 1.5195, the low of May 16. The third target is 1.5220.
The material has been provided by InstaForex Company – www.instaforex.com
The UK has released first-quarter GDP numbers. In the second estimate it stayed unchanged, 0.3%. The pound strengthened following weakness of the US dollar, as the result it grew 60 points.
Today at 12:30 GMT+4 data on UK BBA loans for House Purchase in April is published, forecast 32.7K vs. 21.2K in March.
At 16:30 GMT+4 US Durable Goods Orders in April are published, forecast 1.8% vs. -6.9% in March. US Durable goods orders excluding transportation are estimated to be 0.6% vs. -1.2% in March.
Positive event is recovery of the Asian stock market which dropped 7.3% yesterday (Nikkei 225) amid weak data on PMI in China. However it has added today 2.7% by 7:00 GMT+4. Shanghai Composite index rose 0.5%.
Technically, after the price had consolidated above the Fibonacci extension on the H4 (higher 1.5112), the first target 1.5157, the low of may 17, opens, then 1.5195, the low of May 16. The third target is 1.5220.
The material has been provided by InstaForex Company – www.instaforex.com
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