TRADING
TIPS :
GBP/USD eased to 1.5330 from around
1.5362 ahead of the data. The pound edged lower against the dollar on
Thursday after data showed that the rate of economic growth in the
U.K. in the first three months of the year was unchanged from initial
estimates. The Office for National Statistics second estimate of
gross domestic product confirmed growth of 0.3% % in the first
quarter, unchanged from the initial estimate and below expectations
for a reading of 0.4%. Growth in the industrial sector was revised up
to 0.1% from an initial estimate of a 0.1% contraction. A contraction
in the construction sector was revised to 1.1% from 1.6%
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5370 TARGET 1.5390 1.5420 SL 1.5340
SELL
GBPUSD BELOW 1.5290 TARGET 1.5270 1.5240 SL 1.5320
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0995 TARGET 1.1015 1.1045 SL 1.0965
SELL
EURUSD BELOW 1.0920 TARGET 1.0900 1.0870 SL 1.0950
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