TRADING
TIPS :
The dollar dipped against the yen on
Tuesday, easing back from one-week highs but the yen remained on the
defensive amid speculation that the Bank of Japan could soon ease
monetary policy, while the euro inched higher. USD/JPY eased 0.19% to
120.23, off overnight highs of 120.57.The yen was lower in early
trade as Asian stocks rose to two-week highs as a rebound in oil
prices and fading expectations for a rate hike by the Federal Reserve
this year boosted risk appetite. In the euro zone, data on Tuesday
showed that German factory orders fell unexpectedly in August, adding
to concerns that slowing global growth is starting to affect the euro
area’s largest economy.Industrial orders fell 1.8% from a month
earlier, compared to expectations for a 0.5% increase. The euro was
flat against the yen, with EUR/JPY at 134.78.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.5200 TARGET 1.5220 1.5250 SL 1.5170
SELL
GBP/USD BELOW 1.5150 TARGET 1.5130 15100 SL 1.5180
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.1220 TARGET 1.1240 1.1270 SL 1.1190
SELL
EUR/USD BELOW 1.1180 TARGET 1.1160 1.1130 SL 1.1210
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