TRADING TIPS :
GBP/USD hit 1.4719 during European
morning trade, the session low; the pair subsequently consolidated at
1.4723, sliding 0.40%. The pound declined against the U.S. dollar on
Wednesday, as the greenback regained some steam after Tuesday’s
downbeat U.S. data sent the currency broadly lower and as
disappointing reports from China weighed on market sentiment. The
dollar regained some ground after the U.S. Commerce Department
reported on Tuesday that retail sales rose 0.9% last month,
disappointing expectations for a gain of 1.0%. Meanwhile,markets were
jittery after data earlier showed that China’s gross domestic
product rose 1.3% in the first quarter, below expectations for 1.4%
and down from a 1.5% growth rate in the three months to December.
RECOMMENDATION:
BUY
GBP USD ABOVE 1.4880 TARGET 1.4900 1.4930 SL 1.4850
SELL
GBPUSD BELOW 1.4820 TARGET 1.4800 1.4770 SL 1.4850
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0750 TARGET 1.0770 1.0800 SL 1.0720
SELL
EURUSD BELOW 1.0690 TARGET 1.0670 1.0640 SL 1.0720
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