TRADING
TIPS :
The dollar edged higher against the eur
on Wednesday, as concerns over global geopolitical tensions continued
to dampen demand for riskier assets. EUR/USD edged down 0.12% at
1.0734.Investors remained cautious after North Korea confirmed on
Wednesday that it had conducted a nuclear test and said that it won’t
give up nuclear capability unless U.S. abandons its hostile foreign
policy towards the country.Markets were also jittey amid growing
tensions between Iran and Saudi Arabia, following the execution of a
prominent Saudi Shia cleric. The U.S. dollar index, which measures
the greenback’s strength against a trade-weighted basket of six
major currencies, was up 0.10% at 99.56.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4660 TARGET 1.4680 1.4710 SL 1.4630
SELL
GBP/USD BELOW 1.4630 TARGET 1.4610 1.4580 SL 1.466
0
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0740TARGET 1.0780 1.10750 SL 1.0770
SELL
EUR/USD BELOW 1.0700 TARGET 1.0740 1.0710 SL 1.0790
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