SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :

EUR/USD has posted small gains on Wednesday, as the pair continues to drift this week. The pair is trading at 1.1080. It’s another light day on the release front, as the markets look for economic cues for guidance. In the Eurozone, French Final CPI posted a small gain of 0.1 percent, close to the estimate. Eurozone Industrial Production posted a sharp drop of 1.2 percent, below expectations. In the US, today’s highlight is Crude Oil Inventories, with the estimate standing at -2.3 million barrels. On Thursday, the US will release two key events – PPI and Unemployment Claims.

RECOMMENDATION:

BUY GBPUSD ABOVE 1.3345 TGT 1.3365 1.3395 SL 1.3315

SELL GBPUSD BELOW 1.3525 TGT 1.3505 1.3475 SL 1.3555

RECOMMENDATION:

BUY EURUSD AROUND 1.1053 TGT 1.1073 1.1203 SL 1.1033

SELL EURUSD BELOW 1.1120 TGT 1.1100 1.1070 SL 1.1150

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