TRADING
TIPS :
The dollar was almost unchanged against
the euro on Friday and gained ground against the yen, after the
European Central Bank indicated that its policy will remain
accomodative for as long as necessary, while the minutes of the
Federal Reserve came with no surprises. EUR/USD was steady at
1.1279.In the minutes of the ECB’s September policy meeting,
officials said that downside risks to inflation intensified over the
summer, but that they need more time to gauge the impact of market
volatility and slower growth in China. Meanwhile, the Fed’s
September meeting minutes indicated that policymakers were still
watching domestic inflation and the impact of slower global growth
when considering when to raise interest rates.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.5330 TARGET 1.5350 1.5380 SL 1.5300
SELL
GBP/USD BELOW 1.5280 TARGET 1.5260 1.5230 SL 1.5310
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1370 TARGET 1.1390 1.1420 SL 1.1340
SELL
EUR/USD BELOW 1.1330 TARGET 1.1310 1.1280 SL 1.1360
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