TRADING
TIPS :
The pound held on to modest gains
against the dollar on Wednesday after data showing that growth in the
U.K. service sector slowed more than expected last month, indicating
that the economic recovery may be losing momentum. GBP/USD was 0.09%
higher at 1.5576 from around 1.5589 ahead of the data. The Market
U.K. services purchasing managers’ index fell to 57.4 in July from
58.5 in June, compared to expectations for a reading of 58.0. Hiring
in the sector eased to its slowest pace since March 2014, the report
said. Taken together with surveys of the manufacturing and
construction sector earlier this week the reading points to economic
growth of 0.6% in the third quarter, Market said, down slightly from
0.7% in the three months to June.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5650 TARGET 1.5670 1.5700 SL 1.5620
SELL
GBPUSD BELOW 1.5535 TARGET 1.5515 1.5485 SL 1.5565
RECOMMENDATION:
BUY EURUSD ABOVE
1.0935 TARGET 1.0955 1.0985 SL 1.0905
SELL EURUSD BELOW
1.0845 TARGET 1.0825 1.0795 SL 1.0875
0 comments:
Post a Comment