TRADING
TIPS :
EUR/USD is showing limited movement on
Tuesday, as the pair trades at 1.1180 in the European session. On the
release front, Eurozone M3 Money Supply remained steady at 5.0%,
while Private Loans improved to 1.6%. Over in the US, CB Consumer
Confidence is forecast to climb to 93.9 points. Federal Reserve Janet
Yellen will deliver remarks at the Economic Club in New York City. US
economic growth in the fourth quarter was respectable, but there are
signs that we could see softer numbers for the first quarter of 2016.
The Atlanta Fed downgraded its forecast for Q1 from 1.4 percent to
0.6 percent. The original forecast, released just last week, was
lowered in response to a downgraded forecast of personal income and
outlays by the US Bureau of Economic Analysis.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.4298 TARGET 1.4318 1.4348 SL BELOW 1.4268
SELL
GBPUSD BELOW 1.4215 TARGET 1.4195 1.4165 SL ABOVE 1.4245
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1220 TARGET 1.1240 1.1270 SL BELOW 1.1190
SELL
EURUSD BELOW 1.1153 TARGET 1.1133 1.1103 SL ABOVE 1.1183
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