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1. Forex Forecast
(07-12-2018)
Helping Hands On Your Financial Needs
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2. GBP/USD
GBPUSD took a down side for the course of week, it was tough for prices to pull above
1.2800 a bigger range was formed on charts from 1.2700 to 1.2800 and whole week
prices moved in the same range.
We still believe, some more down side can be seen in coming days, so to make a short
sell in the currency pair would be good, when seen on some higher side, major support
for currency pair comes at 1.2650 and 1.2500. talking for major resistance, that can be
seen at 1.2810 and 1.2890.
for coming week we have GDP growth rate for GBP and manufacturing production.
further we have an important event i.e. Parliament Brexit Vote. which will cause high
impact on the currency move in coming days.
buyers need to break 1.2800 on day closing, so that we can expect some positive move
further and buying can be initiated. More over GBPUSD is testing 1.2800 and 100 SMA.
on other hand we see a down trend below 50, 100 & 200 day SMA.

3. FOREX DATA CALENDAR
Oct Time Currency Detail
Mon Dec 10 3:00pm GBP GDP m/m
GBP Manufacturing Production m/m
Tue Dec 11 3:00pm GBP Average Earnings Index 3m/y
7:00pm USD PPI m/m
Tentative GBP Parliament Brexit Vote
Wed Dec 12 Tentative USD Fed Chair Powell Testifies
7:00pm USD CPI m/m
USD Core CPI m/m
Thu Dec 13 2:00pm CHF Libor Rate
CHF SNB Monetary Policy Assessment
2:30pm CHF SNB Press Conference
6:15pm EUR Main Refinancing Rate
7:00pm EUR ECB Press Conference
Fri Dec 14 7:00pm USD Core Retail Sales m/m
USD Retail Sales m/m