TRADING TIPS :
EUR/USD was up 0.72% at 1.2289.The Labor Department reported earlier that the U.S. economy added 321,000 jobs in November, well past expectations for a 225,000 reading. October’s figure was revised up to 243,000 from a previously estimated 214,000, pointing to underlying strength in the labor market.The U.S. unemployment rate remained unchanged at 5.8% last month, in line with expectations, and the numbers fueled expectations that the Federal Reserve will raise interest rates in 2015, possibly earlier than once anticipated. A separate report showed that the U.S. trade deficit hit $43.40 billion in October, down from $43.60 billion in September, whose figure was revised from a previously estimated deficit of $43.00 billion.
INTRADAY OUTLOOK
Support: 1.2267
Resistance: 1.2303
RECOMMENDATION:
1. Buy EUR/USD Above 1.2305-TG:1.2325/1.2355 SL 1.2275
2. Sell EUR/USD Below 1.2265-TG:1.2245/1.2215 SL 1.2295
INTRADAY OUTLOOK
Immediate Support: 121.27
Immediate Resistance: 121.70
RECOMMENDATION:
1. Buy USD/JPY Above 121.72-TG:121.92/122.22 SL 121.42
2. Sell USD/JPY Below 121.25-TG:121.05/120.75 SL 121.55
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