Forex EURUSD Recommendation of 10 - MARCH. - 2015
✔We Hit First Target ✔
■■ Sell EUR/USD Below 1.0853-TG: 1.0833/1.00803 SL 1.0883
SGX IForex Recommendations
Forex EURUSD Recommendation of 10 - MARCH. - 2015
✔We Hit First Target ✔
■■ Sell EUR/USD Below 1.0853-TG: 1.0833/1.00803 SL 1.0883
SGX IForex Recommendations
TRADING TIPS :
GBP/USD hit 1.5111 during European morning trade, the session high; the pair subsequently consolidated at 1.5097, advancing 0.42%. The dollar strengthened broadly after official data on Friday showed that the U.S. economy added 295,000 jobs in February, far more than the 240,000 forecast by economists. The unemployment rate ticked down to 5.5% from 5.7% in January, the lowest since May 2008. The strong report fuelled expectations that the Federal Reserve will start raising interest rates around the middle of this year. Market participants began to redirect their attention to Greece as the euro group of finance ministers was to hold talks in Brussels later in the day to discuss proposed Greek economic reforms.Last month Athens reached a temporary agreement with its lenders to extend its bailout by four months, but must complete a bailout review before it can access further financial aid.
INTRADAY OUTLOOK
Support: 1.5052
Resistance: 1.5133
RECOMMENDATION:
1. Buy GBP/USD Above 1.5135-TG: 1.5155/1.5185 SL 1.5105
2. Sell GBP/USD Below 1.5050-TG: 1.5030/1.5000 SL 1.5080
INTRADAY OUTLOOK
Support: 1.0855
Resistance: 1.0934
RECOMMENDATION:
1. Buy EUR/USD Above 1.0932-TG: 1.0912/1.0892 SL 1.0962
2. Sell EUR/USD Below 1.0853-TG: 1.0833/1.00803 SL 1.0883
SGX Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold futures are trading with mild gains in Asia today. The commodity witnessed massive losses post non farm payrolls on Friday. Gold futures for April delivery tumbled around 3% to close at their four month low, erasing all the gains in the current year. Crude oil futures also fell sharply, breaking under $50 per barrel, as the US dollar strengthened broadly following the release of upbeat US employment data. The dollar index,which measures the greenback’s strength against a trade-weighted basket of six major currencies, jumped near 98 on Friday, the highest since September 2003. COMEX Gold futures broke under $1200 per ounce amid massive strength in US dollar. The dollar is quoting around 1.0800 mark against the Euro right now. COMEX Gold is quoting at $1171.60 per ounce, up $7.30 per ounce on the day. MCX Gold futures are trading at Rs 26067 per 10grams, up Rs 55 per 10 grams on the day.
TRADING STRATEGY :
BUY GOLD ABOVE 1170 TARGET 1175 1181 SL 1164
SELL GOLD BELOW 1161 TARGET 1156 1150 SL 1167
Gold futures are trading with mild gains in Asia today. The commodity witnessed massive losses post non farm payrolls on Friday. Gold futures for April delivery tumbled around 3% to close at their four month low, erasing all the gains in the current year. Crude oil futures also fell sharply, breaking under $50 per barrel, as the US dollar strengthened broadly following the release of upbeat US employment data. The dollar index,which measures the greenback’s strength against a trade-weighted basket of six major currencies, jumped near 98 on Friday, the highest since September 2003. COMEX Gold futures broke under $1200 per ounce amid massive strength in US dollar. The dollar is quoting around 1.0800 mark against the Euro right now. COMEX Gold is quoting at $1171.60 per ounce, up $7.30 per ounce on the day. MCX Gold futures are trading at Rs 26067 per 10grams, up Rs 55 per 10 grams on the day.
TRADING STRATEGY :
BUY GOLD ABOVE 1170 TARGET 1175 1181 SL 1164
SELL GOLD BELOW 1161 TARGET 1156 1150 SL 1167
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