The pair remained silent in the last couple of sessions amid lack of Brexit headlines. The Fundamentals may try to push down the GBP/USD but, the Technicals seem to come for rescue.
The GBP/USD remained subdued near 1.300 levels since the North American session of April 16. It seems like a straight road with low volatile movements, however, expected to show some abrupt actions later the day. The then change in the cable will get discounted to the outcome of economic events lined up for today.
The picture remains calmer from the Brexit front as the Easter Recess is still going on. The House is expected to commence operations after April 23. In the meanwhile, the cross-party talks seem to show slight progress bestowing the cable near 1.1300 range.
As there is a lack of data from the significant Brexit side, investors eye for the significant events for the day.
The National Statistics will publish the following March figures (Mid Volatile) for the UK:
On a nutshell, the bears seem to rule in the case of the GBP essential events. Things may get worse if reports come even below the bearish estimates.
The US Census Bureau will publish the following data for March:
The US Department of Labor will broadcast the following reports(Mid Volatile):
The significant 100-days and 200-days SMA remained well above the pair alluding a bullish trend in GBP/USD. The Bollinger Bands appeared shrunk with low volatility in the pair since few sessions. The pair was trading near the lower band region of the BB adding points for a near-by bearish call. In the near time, bears could show up while bulls seem to overtake in the long run.
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