TRADING
TIPS :
The dollar moved lower against the euro
and the yen on Tuesday, as uncertainty over the timing of a rate hike
by the Federal Reserve mounted ahead of the central bank’s policy
meeting scheduled next week. EUR/USD gained 0.42% to trade at 1.1218,
the highest level since September 3. Sentiment on the greenback
remained vulnerable after Friday’s U.S. jobs report failed to
provide much clarity on when the Fed will decide to raise short term
interest rates. EUR/USD gained 0.42% to trade at 1.1218, the highest
level since September 3. The U.S. dollar index, which measures the
greenback’s strength against a trade-weighted basket of six major
currencies, was down 0.38% at 95.77, the lowest level since September
4. Earlier Tuesday, data showed that Japan’s second quarter gross
domestic product fell 0.3%, less than the 0.4% expected drop.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5445 TARGET 1.5465 1.5495 SL 1.5415
SELL
GBPUSD BELOW 1.5370 TARGET 1.5350 1.5320 SL 1.5400
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1220 TARGET 1.1240 1.1270 SL 1.1190
SELL
EURUSD BELOW 1.1165 TARGET 1.1145 1.1115 SL 1.1195
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