TRADING
TIPS :
EUR/USD remains under pressure on
Thursday, following sharp losses in the Wednesday session. The euro
is trading at 1.1270 in the European session. On the release front,
Eurozone Final CPI posted a flat reading of 0.0%, while Final Core
CPI came in at 1.0%. Both indicators were within expectations. The US
will also release CPI reports later in the day, as well as
Unemployment Claims. On Friday, we’ll get a look at the UoM
Consumer Sentiment Index, a key gauge of con- sumer confidence. A
major headache for Mario Draghi and his colleagues at the ECB has
been the persistent lack of inflation in the Eurozone economy, as
weak growth in the bloc as raised the nightmarish scenario of
deflation
RECOMMENDATION:
BUY
GBP USD ABOVE 1.4160 TARGET 1.4180 1.4210 SL 1.4130
SELL
GBP USD BELOW 1.4115 TARGET 1.4095 1.4065 SL 1.4145
RECOMMENDATION:
BUY
EUR USD ABOVE 1.1275 TARGET 1.1295 1.1325 SL 1.1245
SELL
EUR USD BELOW 1.1235 TARGET 1.1215 1.1185 SL 1.1265
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