03 March2017
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US ISM Non-Manufacturing PMI: Friday, 15:00. US services sector expanded in January for the 85th consecutive month, registering 56.5 points compared to 56.6 in the previous month. Analysts expected a higher reading of 57 points. The employment index gained 2 percentage points in January to 54.7. The prices index edged up 2.9 percentage points 56.1 in December. US services sector is expected to reach 56.6 in February.
GBPServices PMI
USD ISM Non-Manufacturing PMI
Fed Chair Yellen Speaks
- GOLD
There is a strong downtrend shown on the chart. The Gold is traded right below it and it may continue going down to reach the level of 1220 during the day as long as it is traded below the downtrend line.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1260 ▪ 1280 ▪ 1300 |
▪ 1244 ▪ 1242 ▪ 1235 |
We remain bearish as long as the pair is traded below the downtrend line. |
- GBPJPY
The pair is traded below a strong resistance level around 140.50 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 139 followed by 138.60 during the day. On the other hand, breaching the level of 140.50 opens the door for the pair to reach the level of 142. There is also a downward price channel that supports our view.
Resistance levels: |
Support levels: |
Recommended: |
▪ 140.50 ▪ 141 ▪ -- |
▪ 139 ▪ 138.60 ▪ --
|
We remain bearish as long as the pair is traded below the level of 140.50 |