TRADING
TIPS :
EUR/USD continues to have an uneventful
week, as the pair trades at 1.1160 on Wednesday. On the release
front, German Manufacturing PMI came in at 52.5 points, beating
expectations. Eurozone Manufacturing PMI posted a reading of 51.5
points, matching the forecast. The US will also release a key
manufacturing indicator, ISM Manufacturing PMI. The markets are
expecting a weak reading of 50.5 in the April report. On Thursday,
the ECB sets interest rates, while the US releases two key events –
ADP Nonfarm Payrolls and Unemployment Claims.There were no surprises
from the Eurozone manufacturing sector, which continues to show weak
growth. German and Eurozone Manufacturing PMIs came in slightly above
the 50 level, which separates contraction from expansion. German
numbers have been mixed this week. German numbers have started the
week with mixed results.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4446 TGT 1.4466 1.4496 SL 1.4416
SELL
GBP/USD BELOW 1.4416 TGT 1.4396 1.4376 SL 1.4446
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1172 TGT 1.1192 1.1222 SL 1.1142
SELL
EUR/USD BELOW 1.1145 TGT 1.1125 1.1095 SL 1.1175
0 comments:
Post a Comment