Tuesday, May 24, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
The euro slid to the day’s lows on Monday after data showing that growth in the euro area’s private sector slowed to a 16-month low in in May, despite solid growth in Germany and France, asother areas struggled.EUR/USD was down 0.17% at 1.1203, re-approaching last Thursday’s two month lows of 1.1179.The preliminary reading of the euro zone composite purchasing managers’ index, which measures the combined output of both the manufacturing and service sectors, ticked down to a 16-month low of 52.9 from 53.0 in April.Economists had expected the index to rise to 53.2.The rate of business activity expansion in the dominant service sector was unchanged for a third successive month. But the rate of manufacturing output growth was the second-weakest since February 2015, the report said.



RECOMMENDATION:
BUY GBP/USD ABOVE 1.4548 TGT 1.4568 1.4598 SL 1.4518
SELL GBP/USD BELOW 1.4461 TGT 1.4441 1.4411 SL 1.4491

RECOMMENDATION:
BUY EURUSD ABOVE 1.1242 TGT 1.1262 1.1292 SL 1.1212

SELL EUR/USD BELOW 1.1201 TGT 1.1181 1.1151 SL 1.1231

Click 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

0 comments:

Post a Comment