TRADING
TIPS :
The euro fell to fresh six-week lows
against the dollar on Thursday after the European Central Bank left
monetary policy across the euro zone unchanged, as investors awaited
comments by President Mario Draghi later in the day. EUR/USD hit lows
of 1.0879, the weakest since May 27 and was last at 1.0882, down
0.62% for the day. The ECB maintained its benchmark interest rate at
a record-low 0.05%, in line with market expectations. The central
bank also held its marginal lending at 0.30% and left its deposit
facility rate unchanged at minus 0.20%. Investors were waiting to see
whether the ECB will increase Emergency Liquidity Assistance to Greek
banks, the first step toward allowing them to reopen after being
closed for nearly three weeks.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5680 TARGET 1.5700 1.5730 SL 1.5650
SELL
GBPUSD BELOW 1.5550 TARGET 1.5530 1.5500 SL 1.5580
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1050 TARGET 1.1070 1.1100 SL 1.1020
SELL
EURUSD BELOW 1.0850 TARGET 1.0830 1.0800 SL 1.0880
0 comments:
Post a Comment