TRADING TIPS :
GBP/USD hit 1.5552 during European
morning trade, the pair’s highest since January 2; the pair
subsequently consolidated at 1.5531.In a report, the Office for
National Statistics said the U.K. gross domestic product expanded by
0.5% in the final three months of 2014, unchanged from an initial
estimate and in line with expectations. The U.K.’s economy grew by
0.7% in the previous quarter.Year-over-year, U.K. economic growth
grew 2.7% in the three months to December, unchanged from a
preliminary reading. The U.K. economy expanded at an annualized rate
of 2.6% in the third quarter of 2014.The report also showed that
total U.K. business investment fell 1.4% in the last quarter,
disappointing forecasts for a 1.9% gain and following a 1.2% decline
in the third quarter of 2014.
INTRADAY
OUTLOOK
Support:
1.5492
Resistance:
1.5573
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5575-TG: 1.5595/1.5625 SL 1.5545
2.
Sell GBP/USD Below 1.5490-TG: 1.5470/1.5440 SL 1.5520
INTRADAY
OUTLOOK
Support:
1.1317
Resistance:
1.1396
RECOMMENDATION:
1.
Buy EUR/USD Above 1.1398-TG: 1.1418/1.1448 SL 1.1368
2.
Sell EUR/USD Below 1.1315-TG: 1.1295/1.1265 SL 1.1345
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