TRADING
TIPS :
The advance 2Q U.S. Gross Domestic
Product (GDP) report may boost the appeal of the green- back and
spark a further decline in EUR/USD as signs of a stronger recovery
fuels expectations for a 2015 Fed rate hike. Despite the unanimous
vote to retain the current policy in July, a marked rebound in the
growth rate may put increased pressure on the Federal Reserve to re-
move the zero-interest rate policy (ZIRP) sooner rather than later as
the committee remains confident in achieving the 2% target for
inflation over the policy horizon Increased production paired with
the pickup in building activity may encourage a strong GDP print, and
a faster rate of growth may heighten the bllish sentiment surrounding
the greenback as it boosts interest rate expectations.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5640 TARGET 1.5660 1.5690 SL 1.5610
SELL
GBPUSD BELOW 1.5580 TARGET 1.5560 1.5530 SL 1.5610
RECOMMENDATION:
BUY EURUSD ABOVE
1.1065 TARGET 1.1085 1.1115 SL 1.1035
SELL EURUSD BELOW
1.0895 TARGET 1.0875 1.0845 SL 1.0925
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