TRADING
TIPS :
The pound was almost unchanged against
the U.S. dollar yesterday, hovering close to one-week lows as
investors eyed the release of upcoming U.S. personal spending and
jobless claims data for further indications on the strength of the
economy. GBP/USD hit 1.5677 during European morning trade, the
session low; the pair subsequently consolidated at 1.5696.The dollar
found support after the Commerce Department reported on Wednesday
that U.S. gross domestic product contracted at a rate of 0.2% in the
three months ending March 31, in line with expectations and compared
to a previous estimate of a 0.7% contraction. Meanwhile, market
sentiment remained under pressure after late night talks between
Greek Prime Minister Alexis Tsipras, the European Commission, the
European Central Bank and the International Monetary Fund ended
without agreement on Wednesday.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5820 TARGET 1.5840 1.5870 SL 1.5780
SELL
GBPUSD BELOW 1.5675 TARGET 1.5655 1.5625 SL 1.5715
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1290 TARGET 1.1310 1.1340 SL 1.1250
SELL
EURUSD BELOW 1.1150 TARGET 1.1130 1.1100 SL 1.1190
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