TRADING
TIPS :
EUR/USD has reversed directions on
Thursday and posted modest gains. In the European session, the pair
is trading at 1.0960. The euro lost over 100 points on Wednesday, as
the Fed surprised the markets with a hawkish policy statement.
EUR/USD briefly dropped below the 1.09 line, the first time this has
happened since August. In Thursday’s economic news, German
Unemployment Change met expectations, and we’ll get a look at
German CPI later in the day. There are two key releases out of the US
on Thursday – Advance GDP and Unemployment Claims. The US will wind
up the week with one market-mover on Friday – US Employment Cost
Index.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.5280 TARGET 1.5300 1.5330 SL 1.5250
SELL
GBP/USD BELOW 1.5220 TARGET 1.5200 1.5180 SL 1.5250
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1000 TARGET 1.1020 1.1050 SL 1.0970
SELL
EUR/USD BELOW 1.0940 TARGET 1.0920 1.0880 SL 1.0970
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