TRADING
TIPS :
The GBP/USD was off 0.15% at 1.5487 in
late trade, after falling to two-week lows of 1.5424 earlier. a
component of the jobs report that the Federal Reserve has said must
rise, ticked up 0.2%, also matching forecasts after stalling in the
previous month. The data was seen as underlining expectations for a
near-term rate hike. In the past three months the dollar has been
boosted by investor expectations that the Federal Reserve will raise
short term interest rates in the coming months, possibly as early as
September. Thursday’s U.S. retail sales data for a further
indication on the durability of the economic recovery. Speeches by
Fed officials on Monday will also be in focus. Meanwhile, the U.K. is
to release its latest jobs report on Wednesday. Ahead of the coming
week, Investing.com has compiled a list of these and other
significant
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5615 TARGET 1.5635 1.5665 SL 1.5585
SELL
GBPUSD BELOW 1.5450 TARGET 1.5430 1.5400 SL 1.5480
RECOMMENDATION:
BUY EURUSD ABOVE
1.1080 TARGET 1.1100 1.1130 SL 1.1050
SELL EURUSD BELOW
1.1010 TARGET 1.0990 1.0960 SL 1.1040
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