TRADING
TIPS :
The
euro stayed supported above 10-week lows against the dollar on
Tuesday after data showing that euro zone consumer prices remained in
negative territory this month, though the rate of deflation
eased.EUR/USD was last at 1.1131, holding above the 10-week trough of
1.1097 set on Monday.Eurostat reported that the flash estimate showed
that consumer prices in the single currency bloc fell 0.1% on a
year-over-year basis in May, in line with economists’ expectations
after falling 0.2% in April.The European Central Bank targets
inflation of close to, but just below 2%.The decline in inflation was
due in large part to lower oil prices, Eurostat said.Energy prices
fell by 8.1% in May from a year earlier, slowing from an 8.7% fall in
April.Core inflation, which strips out energy and food costs, rose by
0.8% in May from 0.7% in April.
RECOMMENDATION:
BUY
GBP/USD AROUND 1.4565-1.4568 TGT 1.4598 1.4628 SL 1.4535
SELL
GBP/USD BELOW 1.4540 TGT 1.4520 1.4490 SL 1.4570
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1158 TGT 1.1178 1.1208 SL 1.1138
SELL
EUR/USD BELOW 1.1146 TGT 1.1126 1.1096 SL 1.1176Click 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
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