Forex GBPJPY Recommendation of 13 - MARCH. - 2015
✔We Hit ALL Target ✔
■■ SELL GBP JPY BELOW 181.23 TARGET 181.03 180.73 SL 181.53
IForex Signal Update
Forex GBPJPY Recommendation of 13 - MARCH. - 2015
✔We Hit ALL Target ✔
■■ SELL GBP JPY BELOW 181.23 TARGET 181.03 180.73 SL 181.53
SGX Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold futures closed slightly higher on Thursday, following a streak of massive losses in recent days amid mounting concerns of an interest rate hike by the Federal Reserve. On the Comex division of the New York Mercantile Exchange, gold for April delivery closed up 0.07% or 0.80 at $1,151.40 a troy ounce. Gold prices moved above $1,165 in U.S. trading before falling steadily hours later. Metals traders await next week’s Federal Open Market Committee meeting when the Fed could remove its reference to “remaining patient,” in its minutes. The removal is typically an indication that the U.S. central bank is ready to raise interest rates at either of its next two meetings. After next week’s meeting, the FOMC will meet in June and September.
TRADING STRATEGY :
BUY GOLD ABOVE 1162 TARGET 1167 1173 SL 1156
SELL GOLD BELOW 1155 TARGET 1150 1144 SL 1161
Gold futures closed slightly higher on Thursday, following a streak of massive losses in recent days amid mounting concerns of an interest rate hike by the Federal Reserve. On the Comex division of the New York Mercantile Exchange, gold for April delivery closed up 0.07% or 0.80 at $1,151.40 a troy ounce. Gold prices moved above $1,165 in U.S. trading before falling steadily hours later. Metals traders await next week’s Federal Open Market Committee meeting when the Fed could remove its reference to “remaining patient,” in its minutes. The removal is typically an indication that the U.S. central bank is ready to raise interest rates at either of its next two meetings. After next week’s meeting, the FOMC will meet in June and September.
TRADING STRATEGY :
BUY GOLD ABOVE 1162 TARGET 1167 1173 SL 1156
SELL GOLD BELOW 1155 TARGET 1150 1144 SL 1161
SGX IForex Recommendations
TRADING TIPS :
The pound rose against the U.S. dollar on Thursday, pulling away from eight-month lows after data showed that the U.K. trade deficit narrowed more-than-expected in January and as sentiment on the greenback weakened ahead of U.S. economic reports due later in the day. GBP/USD hit 1.5014 during European morning trade, the session high; the pair subsequently consolidated at 1.4984, gaining 0.39%.Cable was likely to find support at 1.4891, Wednesday’s low and an eight-month low and resistance at 1.5099, Wednesday’s high.In a report, the U.K. Office for National Statistics said the country’s goods trade deficit narrowed to £8.41 billion in January from £9.93 billion in December, whose figure was revised from a previously estimated deficit of £10.15 billion.
INTRADAY OUTLOOK
Support: 1.4900
Resistance: 1.5040
RECOMMENDATION:
1. Buy GBP/USD Above 1.5015-TG: 1.5035/1.5065 SL 1.4985
2. Sell GBP/USD Below 1.4950-TG: 1.4930/1.4900 SL 1.4980
INTRADAY OUTLOOK
Support: 1.0550
Resistance: 1.0670
RECOMMENDATION:
1. Buy EUR/USD Above 1.0650-TG: 1.0670/1.0700 SL 1.0620
2. Sell EUR/USD Below 1.0570-TG: 1.0550/1.0520 SL 1.0600
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