TRADING
TIPS :
The euro pared back the day’s gains
against the dollar on Thursday after senior European Central Bank
officials reiterated that they are prepared to inject more stimulus
if necessary. EUR/USD slid 0.18% to 1.1381, off the five-and-a-half
month highs of 1.1454 set overnight. The euro was at one-month lows
against the broadly stronger yen, with EUR/JPY dropping 1.46% to
123.28. The ECB’s chief economist, Peter Praet, said the bank was
prepared to do more if the euro zone economy was hit by fresh
shocks.“If further adverse shocks were to materialize, our measures
could be recalibrated once more commensurate with the strength of the
headwind,” he said.The comments were echoed by ECB Vice-President
Vito Constancio who said in a speech to the European Parliament that
the bank will continue to do whatever it takes to pursue its price
stability objective.
RECOMMENDATION:
BUY
GBP USD ABOVE 1.4090TARGET 1.4060 1.4000 SL 1.4120
SELL
GBP USD BELOW 1.4015 TARGET 1.3995 1.3965 SL 1.4045
RECOMMENDATION:
BUY
EUY USD ABOVE 1.1415 TARGET 1.1435 1.1465 SL 1.1385
SELL
EUR USD BELOW 1.1360 TARGET 1.1340 1.1310 SL 1.1390
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