TRADING
TIPS :
GBP/USD was down 0.45% to 1.5216 from
around 1.5268 ahead of the data. The pound slid to fresh three-week
lows against the dollar on Monday after data showed that the U.K.
manufacturing sector expanded at a slower than expected rate last
month, adding to concerns that the economy is losing momentum. The
Market U.K. manufacturing purchasing managers’ index ticked up to
52.0 in May from a downwardly revised 51.8 in April, but came in
below forecasts of 52.5.”Expectations of a broad rebound in UK
economic growth during the second quarter of the year are called into
question by these readings,” Market senior economist Rob Dobson
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5230 TARGET 1.5250 1.5280 SL 1.5200
SELL
GBPUSD BELOW 1.5170 TARGET 1.5150 1.5120 SL 1.5200
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0960 TARGET 1.0980 1.1010 SL 1.0930
SELL
EURUSD BELOW 1.0880 TARGET 1.0860 1.0830 SL 1.0910
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