TRADING
TIPS :
The
yen was a tad weaker on Thursday in Asia in a light data day
following trade figures out of New Zealand.USD/JPY changed hands at
120.35, up 0.07%, while AUD/USD traded at 0.7008, up 0.09%. In New
Zealand, the trade balance for August widened to a deficit of
NZ$1.035 billion month-on-month, well above the NZ$850 million
deficit seen. NZD/ USD traded at 0.6287, up 0.17% after the data.The
U.S. dollar index, which measures the greenback’s strength against
a trade-weighted basket of six major currencies, was down 0.01% at
96.39.Earlier Wednesday, research group Markit reported on Wednesday
that Germany's manufacturing purchasing managers' index fell to 52.5
in September from 53.3 the previous month, while the services PMI
ticked down to 54.3 from 54.9.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.5230 TARGET 1.5250 1.5280 SL 1.5200
SELL
GBP/USD BELOW 1.5200 TARGET 1.5180 1.5150 SL 1.5230
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1180 TARGET 1.1200 1.1230 SL 1.1150
SELL
EUR/USD BELOW 1.1150 TARGET 1.1130 1.1100 SL 1.1180
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