SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :

The euro pulled away from one-month highs against the U.S. dollar on Friday, as markets digested the European Central Bank’s most recent policy decision and comments by ECB President Mario Draghi. EUR/USD slipped 0.16% to 1.1161, pulling away from the previous session’s one-month peak of 1.1217.The euro initially weakened after the ECB cut interest rates across the euro zone to new record lows and boosted its quantitative easing program on Thursday.The ECB wrong footed markets by cutting its benchmark interest rate to a record-low of zero from 0.05%. Market watchers had been expecting no change. The central bank also cut the deposit facility rate deeper into negative territory, to minus 0.4% and cut the marginal lending rate cut to 0.25% from 0.30%.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4280 TARGET 1.4260 1.4230 SL 1.4310

SELL GBP/USD BELOW 1.4250 TAGET 1.4230 1.4200 SL 1.4280

RECOMMENDATION:

BUY EUR/USD ABOVE 1.1040TARGET 1.1060 1.1090 SL 1.1010

SELL EUR/USD BELOW 1.0980 TARGET 1.0960 1.0930 L 1.1010

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