SGX IForex Recommendations : Epic Research Singapore

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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