INTERNATIONAL CURRENCY BUZZ :
The dollar edged lower against the eur on Monday, as investors continued to digest the Federal Reserve’s latest policy move and as trading volumes were expected to remain thin ahead of the Christmas Holiday.EUR/USD eased up 0.09% to 1.0875. The U.S. dollar weakened on Friday, one day after rising to a two-week high as markets continued to digest the Fed’s decision to raise interest rates for the first time in nearly a decade. The Fed hiked interest rates by a quarter of a percentage point to a range between 0.25% and 0.5% in a widely expected move.The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.09% at 98.65.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.4920 TARGET 1.4940 1.4970 SL 1.4890
SELL GBP/USD BELOW 1.4900 TARGET 1.4880 1.4850 SL 1.4930
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
The dollar edged lower against the eur on Monday, as investors continued to digest the Federal Reserve’s latest policy move and as trading volumes were expected to remain thin ahead of the Christmas Holiday.EUR/USD eased up 0.09% to 1.0875. The U.S. dollar weakened on Friday, one day after rising to a two-week high as markets continued to digest the Fed’s decision to raise interest rates for the first time in nearly a decade. The Fed hiked interest rates by a quarter of a percentage point to a range between 0.25% and 0.5% in a widely expected move.The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.09% at 98.65.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.4920 TARGET 1.4940 1.4970 SL 1.4890
SELL GBP/USD BELOW 1.4900 TARGET 1.4880 1.4850 SL 1.4930
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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