TRADING TIPS :
EUR/USD was down 0.19% at 1.2438.The
Federal Reserve reported earlier that industrial production rose by
1.3% in November, beating expectations for a gain of 0.7%.Industrial
production for October was revised up to 0.1% from a previously
reported decline of 0.1%.The report added that the capacity
utilization rate, a measure of how full firms are using their
resources, rose to 80.1% last month from an upwardly revised 79.3% in
October, beating market calls for an unchanged reading.The data
boosted demand for the dollar on expectations that the Federal
Reserve will tighten monetary policy next year.The Federal Reserve is
due to release its latest statement on interest rates and monetary
policy on Wednesday, and expectations the statement will contain
language describing a more robust U.S. economy firmed the dollar,
which shrugged off a soft regional factory gauge.
INTRADAY
OUTLOOK
Support:
1.2436
Resistance:
1.2484
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2486-TG:1.2506/1.2536 SL 1.2456
2.
Sell EUR/USD Below 1.2434-TG:1.2414/1.2384 SL 1.2464
INTRADAY
OUTLOOK
Immediate
Support: 118.58
Immediate
Resistance: 119.09
RECOMMENDATION:
1.
Buy USD/JPY Above 119.11-TG:119.31/119.61 SL 118.81
2.
Sell USD/JPY Below 118.56-TG:118.36/118.16 SL 118.86
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