TRADING
TIPS :
The euro rose to fresh seven-week highs
against the weaker dollar on Thursday after data showing that the
annual rate of inflation in the euro area fell again in March, but at
a slower pace than in the previous month. EUR/USD hit highs of
1.1370, the most since February 11, up from around 1.1355 ahead of
the data.The annual rate of consumer inflation fell 0.1% in March
Eurostat said, after an annualized 0.2% fall in February. The
European Central Bank targets inflation of close to, but just below
2%. The U.S. dollar index, which measures the greenback’s strength
against a trade-weighted basket of six major currencies, was close to
five-month lows at 94.64.The greenback remained on the defensive as
investors pushed back expectations for a near-term rate hike by the
Federal Reserve in the wake of dovish comments by Fed Chair Janet
Yellen.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.4396 TARGET 1.4416 1.4446 SL BELOW 1.4366
SELL
GBPUSD BELOW 1.4360 TARGET 1.4340 1.4310 SL ABOVE 1.4390
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1383 TARGET 1.1403 1.1433 SL BELOW 1.1353
SELL
EURUSD BELOW 1.1300 TARGET 1.1280 1.1250 SL ABOVE 1.1330
0 comments:
Post a Comment