TRADING
TIPS :
The dollar pushed
higher against the euro and the yen on Thursday after losses in the
previous sessions as investors turned their attention to next week's
Federal Reserve meeting amid expectations for an imminent rate hike.
EUR/USD was down 0.39% to 1.0908, off Wednesday’s five week highs
of 1.1042.The euro had continued to strengthen in the wake of last
Thursday’s rally after the latest round of easing announced by the
European Central Bank fell well short of market expectations.On
Wednesday, ECB Governing Council member Ewald Nowotny said market
expectations for additional stimulus measures had been too high and
that investors should have paid more attention to economic
fundamentals.The U.S. dollar index, which measures the greenback’s
strength against a trade-weighted basket of six major currencies,
rose 0.38% to 97.71.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.5190 TARGET 1.5170 1.5140 SL 1.5160
SELL
GBP/USD BELOW 1.5160 TARGET 1.5140 1.5110 SL 1.5190
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0990 TARGET 1.1010 1.1040 SL 1.0960
SELL
EUR/USD BELOW 1.0930 TARGET 1.0910 1.0880 SL 1.0960
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