TRADING
TIPS :
GBP/USD was down 0.22% to 1.5559 from
around 1.5610 ahead of the inflation report. The pound slid to
session lows against the broadly stronger dollar on Tuesday despite
data showing that the U.K. exited negative inflation last month as
concerns over Greece and the upcoming Federal Reserve policy
statement clouded market sentiment. The Office for National
Statistics said the annual rate of consumer inflation ticked up 0.1%
in May, in line with forecasts, following a 0.1% decline in April.
Consumer prices were up 0.2% from a month earlier, also in line with
forecasts. Underlying inflation, which strips out food and fuel costs
rose 0.9% last month, slightly below forecasts for an increase of
1.0%.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5655 TARGET 1.5675 1.5705 SL 1.5625
SELL
GBPUSD BELOW 1.5585 TARGET 1.5565 1.5535 SL 1.5615
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1300 TARGET 1.1320 1.1350 SL 1.1270
SELL
EURUSD BELOW 1.1180 TARGET 1.1160 1.1130 SL 1.1210
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