TRADING
TIPS :
GBP/USD
was up 0.54% to 1.5011 from around 1.4938 ahead of the minutes.
Sterling gained ground on Wednesday after the minutes of the Bank of
England’s April meeting showed that officials see an improved
chance that inflation could bounce back more strongly in 2015.The
minutes of the BoE’s latest monetary policy meeting showed that
policymakers voted nine to zero in favor of keeping rates unchanged
at a record low 0.5%, but the decision remained “finely balanced”
for two officials. The central bank said it still expects that
inflation could turn negative in the next couple of months, having
been flat in February and March.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5060 TARGET 1.5080 1.5110 SL 1.5030
SELL
GBPUSD BELOW 1.5005 TARGET 1.4985 1.4955 SL 1.5035
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0750 TARGET 1.0770 1.0800 SL 1.0720
SELL
EURUSD BELOW 1.0685 TARGET 1.0665 1.0635 SL 1.0715
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