TRADING
TIPS :
The pound fell to session lows against
the dollar on Thursday after the minutes of the Bank of England’s
August meeting showed that just one monetary policy committee member
voted in favor of a rate hike this month. GBP/USD was down 0.6% to
1.5499 from around 1.5609 ahead of the report. The minutes show eight
members were in favor of leaving the key interest rate at a record
low of 0.5%. All nine members voted to stand pat on rates in July.
Ian McCafferty was the lone dissenter, voting for a quarter percent
hike in the benchmark rate for the first time in eight months. The
minutes came as a surprise to market participants, who had expected
two or possibly even three members of the MPC to back a rate increase
this month. It was the first time the minutes were published at the
same time as the monthly monetary policy decision.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5512 TARGET 1.5532 1.5562 SL 1.5482
SELL
GBPUSD BELOW 1.5500 TARGET 1.5480 1.5450 SL 1.5530
RECOMMENDATION:
BUY EURUSD ABOVE
1.0923 TARGET 1.0943 1.0973 SL 1.0893
SELL EURUSD BELOW
1.0910 TARGET 1.0890 1.0860 SL 1.0940
Click Here To Register For Free Trial Services
OR
Give A Missed Call : +6531581402
Follow Us On Twitter : www.twitter.com/epicresearchsg
Like Us On Facebook : www.facebook.com/EpicResearchSingapore
Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment