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Slumdog Forex - Daily Forex Analysis

GBP/USD Deadlock Breaker - October 2, 2012


After GBP/USD falls to 1.6109 and then rocketed to 1.6176, the pair eventually returned to the place before. Shows that there is a deadlock between buyers and sellers.
UK manufacturing PMI released under 48.4 and it's expected to be lower than earlier expectations which is under.
To this day, Nationwide HPI to be released, and the report is expected to show that housing prices rose 0.1% September pad. Although expectancy is lower than the 1.3% in August, while little but an increase is expected to appear. But if this turns out well below expectations, can be re-triggered a sell-off on this pair.












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