TRADING
TIPS :
The dollar slipped lower against the
euro and held steady near 22-month lows against the yen on Friday, as
dowbeat U.S. data, as well as the Federal Reserve and the Bank of
Japan’s decision to leave monetary policies unchanged continued to
weigh on the greenback. EUR/USD edged up 0.17% to trade at
1.1244.Sentiment on the greenback remained vulnerable after the U.S.
Department of Labor said on Thursday that the number of individuals
filing for initial jobless benefits in the week ending June 11
increased by 13,000 to 277,000.In addition, the U.S. Commerce
Department said consumer prices rose 0.2% in May, compared to
expectations for a 0.3% gain. Year-over- year, consumer prices were
1.0% higher last month, below expectations for a 1.1% gain.
RECOMMENDATION:
BUY
GBPUSD AROUND 1.4190 TGT 1.4210 1.4140 SL 1.4160
SELL
GBPUSD AROUND 1.4420 TGT 1.4440 1.4470 SL 1.4390
RECOMMENDATION:
BUY
EURUSD AROUND 1.1160-1.1162 TGT 1.1182 1.1212 SL 1.1130
SELL
EURUSD BELOW 1.1160 TGT 1.1140 1.1110 SL 1.1190
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