TRADING
TIPS :
The sterling remains on the positive
footing vs. the dollar on Tuesday, lifting GBP/USD to the 1.5800
neighbourhood. The pair is advancing for the third consecutive week
so far, propped up by expectations of a BoE rate hike sooner than
market expectations, while on the other hand, investors continue to
push back the timing of a rate hike by the Federal Reserve. Ahead in
the session, US New Home Sales, Market’s Services PMI and Consumer
Confidence will dictate the USD’s dynamics, while the most relevant
release in the UK economy will come on Thursday with the flash Q2 GDP
figures.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5720 TARGET 1.5740 1.5770 SL 15690
SELL
GBPUSD BELOW 1.5700 TARGET 1.5680 1.5650 SL 1.5730
RECOMMENDATION:
BUY EURUSD ABOVE
1.1520 TARGET 1.1540 1.1570 SL 1.1490
SELL EURUSD BELOW
1.1500 TARGET 1.1480 1.1450 SL 1.1530
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