TRADING TIPS :
GBP/USD was at 1.4813, down slightly
from around 1.4837 before the report. The pound dipped against the
dollar on Thursday after data showed that growth in the U.K.
construction sector slowed slightly in March ahead of next month’s
elections, but confidence jumped to a nine year high.A research firm
said the U.K. con- struction purchasing managers’ index ticked down
to 57.8 in March from February’s four-month high of 60.1.
Economists had expected the index decline to 59.5.All three areas of
construction activity lost momentum in March, with a marked slowdown
in civil engineering growth. Market said uncertainty related to the
forthcom- ing general election had encouraged some clients to delay
spending decisions.
RECOMMENDATION:
1.
Buy GBP/USD Above 1.4796-TG: 1.4826/1.4856 SL 1.4766
2.
Sell GBP/USD Below 1.4732-TG: 1.4712/1.4682 SL 1.4762
RECOMMENDATION:
1.
Buy EUR/USD Above 1.0843-TG: 1.0863/1.0893 SL 1.0813
2.
Sell EUR/USD Below 1.0779 -TG:1.0759/1.0729 SL 1.0809
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