TRADING
TIPS :
The euro extended early losses against
the dollar on Tuesday, falling to the day’s lows after data showing
that the annual rate of inflation in the euro zone rose less than
expected last month. EUR/USD hit lows of 1.0771, the weakest since
December 3, down from around 1.0775 ahead of the data.The single
currency fell to fresh eight-month lows against the yen, with EUR/JPY
falling 1.02% to 128.08.The euro zone’s statistical bureau Eurostat
reported that the annual rate of inflation in the region rose just
0.2% in December, matching November’s reading and falling short of
forecasts for an increase of 0.3%. The U.S. dollar index, which
measures the greenback’s strength against a trade-weighted basket
of six major currencies, was up 0.33% to 99.27, boosted by the weaker
euro.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4700 TARGET 1.4720 1.4750 SL 1.4670
SELL
GBP/USD BELOW 1.4670 TARGET 1.4650 1.4620 SL 1.4700
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0800 TARGET 1.0780 1.10750 SL 1.0770
SELL
EUR/USD BELOW 1.0760 TARGET 1.0740 1.0710 SL 1.0790Click 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
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