TRADING TIPS :
GBP/USD hit 1.4812 during European
morning trade, the session low; the pair subsequently consolidated at
1.4827, slipping 0.10%. The pound slipped lower against the U.S.
dollar on Thursday, but losses were expected to remain limited as
sentiment on the greenback remained vulnerable after the previous
session’s downbeat U.S. data and ahead of additional U.S. economic
reports due later in the day. The dollar remained under pressure
after data on Wednesday showed that U.S. industrial production fell
0.6% in March, the largest fall since August 2012 and worse than
economists’ expectations for a 0.3% decline.The added to
speculation that the Federal Reserve could delay hiking interest
rates until late 2015, instead of tightening midyear.
RECOMMENDATION:
BUY
GBP USD ABOVE 1.4980 TARGET 1.5000 1.5030 SL 1.4950
SELL
GBPUSD BELOW 1.4910 TARGET 1.4890 1.4860 SL 1.4940
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0800 TARGET 1.0820 1.0850 SL 1.0770
SELL
EURUSD BELOW 1.0750 TARGET 1.0730 1.0700 SL 1.0780
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