PipsManiac
Mamat dah tak betul. , Suddenly jadi sewel
- Messages
- 278
- Joined
- Jul 24, 2007
- Messages
- 278
- Reaction score
- 2
- Points
- 15
myst GU amacam...boleh turun lagi ker?
GBP/USD: Elicits Support pre-2.0620, Gieve Speaks at 11:30GMT
London, July 24. Sterling has elicited support ahead of 2.0620 following its retreat from the fresh 26-year peak of 2.0656 scaled in early European trade. Sell interest at 2.0620 was sated in Asia, as good size fund demand for GBP helped propel cable to a high of 2.0547.
Further bids are tipped at 2.0600 (yesterday"s NY session top) and 2.0590. The latter orders have been set three pips ahead of today"s Asian session base.
Some buy stops reportedly reside a few pips north of 2.0656. These could boost sterling towards 2.0670 (a previously flagged bull target) if tripped. Option barriers are located at 2.0700 and 2.0750.
July"s CBI industrial trends survey is due at 10:00GMT. The headline orders balance is forecast at 6.0, from 8.0 previously. BoE Deputy Governor John Gieve is slated to speak at 11:30GMT. Gieve has voted for a higher UK base rate at each of the last three MPC meetings.