TRADING TIPS :
GBP/USD hit highs of 1.4945 immediately
following the release of the data and was last up 0.62% at 1.4919.The
dollar fell against the pound on Friday after an unexpectedly weak
U.S. nonfarm payrolls report reduced market expectations for a
midyear rate hike by the Federal Reserve. The Labor Department
reported that the U.S. economy added 126,000 new jobs in March, less
than half of February’s gain and the smallest increase since
December 2013. Economists had forecast jobs growth of 245,000 last
month. February’s figure was revised down to 264,000 from 295,000.
The unemployment rate remained unchanged at a six-and-a-half year
lows of 5.5%, in line with forecasts.
RECOMMENDATION:
1.
Buy GBP/USD Above 1.4966-TG: 1.4986/1.5016 SL 1.4936
2.
Sell GBP/USD Below 1.4902-TG: 1.4882/1.4852 SL 1.4932
RECOMMENDATION:
1.
Buy EUR/USD Above 1.1012-TG: 1.1042/1.1072 SL 1.0982
2.
Sell EUR/USD Below 1.0948 -TG:1.0928/1.0898 SL 1.0978
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