Yesterday, the GBP/USD pair increased up towards its resistance level, however once the pair test the resistance to break above, the pair lost momentum and declined back. The movement remained sideways before today’s U.K. labour data releases. At 9.30AM (GMT) the U.K. Claimant Count Change, Unemployment rate and Average Earning Index will come out. The prediction is to see slightly worse figures that last month which may push the pair back to the support line. The movement is sideways. The support line is found at 1.5030 and resistance line at 1.5200.
Today’s Main Events:
6.30 GMT: JPY – BoJ Press Conference
9.30 GMT: GBP – Claimant Count Change – Change in the number of people claiming unemployment-related benefits during the previous month.
13.30 GMT: USD – Building Permits – Annualized number of new residential building permits issued during the previous month.
15.00 GMT: CAD – BOC Monetary Policy Report – An insight into the bank’s view of economic conditions and inflation.
January 21, Daily Market News
Yesterday, the GBP/USD pair increased up towards its resistance level, however once the pair test the resistance to break above, the pair lost momentum and declined back. The movement remained sideways before today’s U.K. labour data releases. At 9.30AM (GMT) the U.K. Claimant Count Change, Unemployment rate and Average Earning Index will come out. The prediction is to see slightly worse figures that last month which may push the pair back to the support line. The movement is sideways. The support line is found at 1.5030 and resistance line at 1.5200.
Today’s Main Events:
6.30 GMT: JPY – BoJ Press Conference
9.30 GMT: GBP – Claimant Count Change – Change in the number of people claiming unemployment-related benefits during the previous month.
13.30 GMT: USD – Building Permits – Annualized number of new residential building permits issued during the previous month.
15.00 GMT: CAD – BOC Monetary Policy Report – An insight into the bank’s view of economic conditions and inflation.
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