TRADING
TIPS :
EUR/USD has posted slight gains on
Wednesday, following two days of losses. The pair is trading at
1.1270. On the release front, the Eurozone releases HPI and Consumer
Confidence. The US will release Existing Home Sales, with the markets
expecting the indicator to improve to 5.53 million. As well, Federal
Reserve chair Janet Yellen will testify before the House Financial
Services Committee regarding the Fed’s Monetary Policy Report. On
Thursday, the US will release Unemployment Claims.With just one day
left until the Brexit referendum vote in the UK, the campaign be-
tween the “In” and “Out” camps is going down to the wire.
Polls continue to predict a very close vote, but market sentiment is
leading towards the UK staying within the EU.
RECOMMENDATION:
BUY
GBPUSD AROUND 1.4530 TGT 1.4550 1.4580 SL 1.4500
SELL
GBPUSD BELOW1.4640 TGT 1.4620 1.4590 SL 1.4670
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1280 TGT 1.1300 1.1330 SL 1.1250
SELL
EURUSD BELOW 1.1220 TGT 1.1200 1.1170 SL 1.1250
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