TRADING
TIPS :
The dollar was steady against the euro
and the yen on Tuesday, as trading became more quiet ahead of the
Christmas Holiday and as investors awaited the release of U.S.
economic growth data due later in the day. EUR/USD was little changed
at 1.0912. The dollar remained supported after the Federal Reserve
hiked interest rates by a quarter of a percentage point to a range
between 0.25% and 0.5% in a widely expected move. It was the first
rise in U.S. interest rates in nearly 10 years.Market participants
were eyeing the release of a final report on U.S. third-quarter
growth for further confirmation of the strength of the economy. The
U.S. dollar index, which measures the greenback’s strength against
a trade-weighted basket of six major currencies, was steady at 98.44.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4900 TARGET 1.4920 1.4950 SL 1.4870
SELL
GBP/USD BELOW 1.4870 TARGET 1.4850 1.4820 SL 1.4900
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0960 TARGET 1.0980 1.1010 SL 1.0930
SELL
EUR/USD BELOW 1.0930 TARGET 1.0910 1.0880 SL 1.0960
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