Markets trade within range as traders look towards UK GDP estimate announcement
City Index February 26, 2014 2:53 PM
<p>Overnight we saw a very inactive Asian session that didn’t give away much in terms of direction. Today we turn to data releases for the […]</p>
Overnight we saw a very inactive Asian session that didn’t give away much in terms of direction. Today we turn to data releases for the day that have the potential to get the market stimulated. First up is the UK Second Estimate GDP which is expected to remain the same as last time at 0.7%. A change from this could get cable back moving out of its range.
In the US we have new home sales which are expected to fall from the previous reading of 414k to 406k, but with a lot of data still affected by the weather a weaker figure may not be seen as an accurate market.
Supports 1.3720 1.3700 1.3680 | Resistance 1.3755 1.3780 1.3820
Supports 101.85 101.60 101.55 | Resistance 102.50 102.85 103.00
Supports 1.6655 1.6590 1.6540 | Resistance 1.6720 1.6740 1.6820
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