TRADING
TIPS :
EUR/USD is steady on Friday, continuing
the lack of movement which marked the Thursday session. The pair
continues to hug the 1.12 line in the European session. On the
release front, it’s a quiet end to the trading week. German PPI
posted a small gain of 0.1%, edging above the forecast of 0.0%.
Eurozone Current Account impressed, as the surplus surged to EUR 27.3
billion, well above the estimate of EUR 19.6 billion. Over in the US,
the sole event on the schedule is Existing Home Sales. The markets
are expecting an improvement in the April release, with an estimate
of 5.40 million.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4510-1.4508 TGT 1.4490 1.4470 SL 1.4540
SELL
GBP/USD ABOVE 1.4540 TGT 1.4560 1.4590 SL 1.4510
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1240 TGT 1.1260 1.1290 SL 1.1210
SELL
EUR/USD BELOW 1.1180 TGT 1.1160 1.1130 SL 1.1210
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