TRADING
TIPS :
EUR/USD is subdued on Tuesday,
continuing the lack of activity which marked the Monday session. The
pair is trading at 1.1370. On the release front, German Industrial
Production posted a gain of 0.8%, matching the forecast. There are no
major US events on the schedule, so it could be another quiet day for
EUR/USD.The euro is trading quietly after a closely-watched speech by
Fed Chair Janet Yellen on Monday. Speaking at the World Affairs
Council in Philadelphia, Yellen said she remained optimistic about
the US economy and hinted that the Fed would raise interest banks,
but crucially, she gave no indication as to when that might occur.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4700 TGT 1.4720 1.4750 SL 1.4670
SELL
GBP/USD AROUND 1.4673-1.4670 TGT 1.4653 1.4623 SL 1.4703
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1365 TGT 1.1385 1.1515 SL 1.1335
SELL
EUR/USD BELOW 1.1355 TGT 1.1335 1.1305 SL 1.1385
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