TRADING
TIPS :
EUR/USD was up 0.06% at 1.2541.Monetary
authorities largely agree that the economy was improving and no
longer needed stimulus tools such as asset purchases, though concerns
persisted that inflation expectations may be dipping, the minutes of
the Federal Reserve’s October policy meeting released Wednesday
revealed. At its October monetary policy meeting, the Fed left its
benchmark interest rate unchanged at 0.00-0.25% and said it was
closing its monthly bond-buying program in a move widely expected by
markets.While the economy is improving, some monetary authorities
want to be sure recovery remains sustained before raising interest
rates, which is seen taking place in 2015, with a few voting members
expressing concerns that inflationary pressures remain soft.
INTRADAY
OUTLOOK
Support:
1.2502
Resistance:
1.2561
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2563-TG:1.2583/1.2613 SL 1.2533
2.
Sell EUR/USD Below 1.2500-TG:1.2480/1.2450 SL 1.2530
INTRADAY
OUTLOOK
Immediate
Support: 117.86
Immediate
Resistance: 118.33
RECOMMENDATION:
1.
Buy USD/JPY Above 118.35-TG:118.55/118.85 SL 118.05
2.
Sell USD/JPY Below 117.84-TG:117.64/117.34 SL 118.14
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