TRADING
TIPS :
The pound jumped to session highs on
Tuesday after Bank of England Governor Mark Carney said the time for
rate increases is moving closer, in testimony to the Treasury
Committee in Westminster. Sterling was boosted after BoE Governor
Carney said that the central bank was moving closer to hiking
interest rates. “The point at which interest rates may begin to
rise is moving closer with the performance of the economy, consistent
growth above trend, a firming in domestic costs, counter balanced
somewhat by disinflation imported from abroad. The remarks came after
data earlier in the day showing that that U.K. consumer prices were
flat in June, falling back towards the lowest rate on record. The
Office for National Statistics said the annual rate of consumer price
inflation was flat last month, down from 0.1% in May. Analyst had
expected a reading of 0.1%. Consumer prices were also flat from a
month earlier, below estimates for 0.1% increase. Core inflation,
which strips out price rises in energy, food, alcohol and tobacco
slowed to 0.8%, the lowest level since March 2001 from 0.9% in May.”
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5655 TARGET 1.5675 1.5705 SL 1.5625
SELL
GBPUSD BELOW 1.5380 TARGET 1.5360 1.5330 SL 1.5410
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1040 TARGET 1.1060 1.1090 SL 1.1010
SELL
EURUSD BELOW 1.0970 TARGET 1.0950 1.0920 SL 1.1000
0 comments:
Post a Comment