SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :

GBP/USD was last at 1.5189, up slightly from around 1.5160 ahead of the data. The pound was little changed against the dollar on Wednesday after data showed that growth in the U.K. service sector jumped to an eight- month high in April, as investors remained on the sidelines ahead of Thursday’s parliamentary elections. A research firm said the services purchasing managers’ index rose to 59.5 in April from 58.9 in March. Economists had forecast a decline to 58.5.A reading below 50.0 indicates activity is declining, while a reading above that level implies it is increasing. The robust data eased concerns over an economic slowdown after recent similar surveys showed that growth in both the manufacturing and construction sectors slowed sharply in April and another report showed that the U.K. economy expanded just 0.3% in the first quarter

RECOMMENDATION:

BUY GBPUSD ABOVE 1.5270 TARGET 1.5290 1.5320 SL 1.5240

SELL GBPUSD BELOW 1.5200 TARGET 1.5180 1.5150 SL 1.5230

RECOMMENDATION:

BUY EURUSD ABOVE 1.1370 TARGET 1.1390 1.1420 SL 1.1330

SELL EURUSD BELOW 1.1315 TARGET 1.1295 1.1265 SL 1.1345

 

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg