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Showing posts with label Sgx IForex Recommendations. Show all posts
Showing posts with label Sgx IForex Recommendations. Show all posts
SGX IForex Recommendations
TRADING TIPS :
GBP/USD hit 1.4990 during European morning trade, the pair’s highest since March 18; the pair subsequently consolidated at 1.4979, advancing 0.67%.The pound climbed to a one-week high against the U.S. dollar on Thursday, supported by upbeat U.K. retail sales data and as demand for the greenback remained under pressure after Wednesday’s disappointing U.S. economic reports.In a report, the U.K. Office for National Statistics said retail sales increased 0.7% last month, above forecasts for a gain of 0.4%. Retail sales in January rose by 0.1%, whose figure was revised from a previously reported decline of 0.3%.
INTRADAY OUTLOOK
Support: 1.4910
Resistance: 1.4970
RECOMMENDATION:
1. Buy GBP/USD Above 1.4972-TG: 1.4992/1.5022 SL 1.4942
2. Sell GBP/USD Below 1.4902-TG: 1.4882/1.4852 SL 1.4932
INTRADAY OUTLOOK
Support: 1.0996
Resistance: 1.1056
RECOMMENDATION:
1. Buy EUR/USD Above 1.1058-TG: 1.1078/1.1108 SL 1.1028
2. Sell EUR/USD Below 1.0994 -TG:1.0974/1.0944 SL 1.1024
SGX IForex Recommendations
TRADING TIPS :
GBP/USD hit 1.4896 during European morning trade, the session high; the pair subsequently consolidated at 1.4888, gaining 0.27%.The pound rose against the U.S. dollar on Wednesday, after upbeat U.K. mortgage approvals data, although the greenback remained mildly supported by hopes for a near-term U.S. rate hike.In a report, the British Banker's Association said that the number of new mortgages approved increased to a five-month high of 37,300 last month from January’s total of 36,400. Analysts had expected the number of new mortgages approved to rise to 36,900 in February.The uptick in underlying inflation indicated that the Federal Reserve would still have leeway to tighten monetary policy even with inflation running below target.
INTRADAY OUTLOOK
Support: 1.4839
Resistance: 1.4899
RECOMMENDATION:
1. Buy GBP/USD Above 1.4901-TG: 1.4921/1.4951 SL 1.4871
2. Sell GBP/USD Below 1.4837-TG: 1.4917/1.4887 SL 1.4867
INTRADAY OUTLOOK
Support: 1.0931
Resistance: 1.0991
RECOMMENDATION:
1. Buy EUR/USD Above 1.0993-TG: 1.1013/1.1043 SL 1.0963
2. Sell EUR/USD Below 1.0929 -TG:1.0909/1.0879 SL 1.0959
SGX IForex RecommendationS
TRADING TIPS :
GBP/USD hit 1.4839 during European morning trade, the pair’s lowest since Friday; the pair subsequently consolidated at 1.4867, retreating 0.57%.Cable was likely to find support at 1.4720, Friday’s low and resistance at 1.5012, the high of March 19.The pound dropped against the U.S. dollar on Monday, as the greenback regained some ground after declining sharply last week on the back of fresh uncertainty over the timing of a U.S. rate hike, while markets eyed upcoming U.K. data on industrial orders expectations.The dollar remained under pressure amid uncertainty over the path of U.S. monetary policy after the Federal Reserve downgraded its forecasts for growth and inflation and lowered its interest rate projections last week.
INTRADAY OUTLOOK
Support: 1.4880
Resistance: 1.4940
RECOMMENDATION:
1. Buy GBP/USD Above 1.4942-TG: 1.4962/1.4992 SL 1.4912
2. Sell GBP/USD Below 1.4878-TG: 1.4958/1.4928 SL 1.4908
INTRADAY OUTLOOK
Support: 1.0960
Resistance: 1.1020
RECOMMENDATION:
1. Buy EUR/USD Above 1.1022-TG: 1.1042/1.1072 SL 1.0992
2. Sell EUR/USD Below 1.0958 -TG:1.0938/1.0908 SL 1.0988
SGX IForex Recommendations
TRADING TIPS :
GBP/USD hit 1.4839 during European morning trade, the pair’s lowest since Friday; the pair subsequently consolidated at 1.4867, retreating 0.57%.Cable was likely to find support at 1.4720, Friday’s low and resistance at 1.5012, the high of March 19.The pound dropped against the U.S. dollar on Monday, as the greenback regained some ground after declining sharply last week on the back of fresh uncertainty over the timing of a U.S. rate hike, while markets eyed upcoming U.K. data on industrial orders expectations.The dollar remained under pressure amid uncertainty over the path of U.S. monetary policy after the Federal Reserve downgraded its forecasts for growth and inflation and lowered its interest rate projections last week.
INTRADAY OUTLOOK
Support: 1.4930
Resistance: 1.4990
RECOMMENDATION:
1. Buy GBP/USD Above 1.4992-TG: 1.5012/1.5042 SL 1.4962
2. Sell GBP/USD Below 1.4928-TG: 1.4908/1.4878 SL 1.4958
INTRADAY OUTLOOK
Support: 1.0780
Resistance: 1.0860
RECOMMENDATION:
1. Buy EUR/USD Above 1.0862-TG: 1.0882/1.0912 SL 1.0832
2. Sell EUR/USD Below 1.0778-TG: 1.0758/1.0728 SL 1.0808
SGX IForex Recommendations
TRADING TIPS :
GBP/USD hit 1.4723 during European morning trade, the session low; the pair subsequently consolidated at 1.4749.Cable was likely to find support at 1.4631, the low of March 18 and a nearly five-year low and resistance at 1.4853, the high of March 16.The pound held steady against the U.S. dollar on Friday, after positive U.K. public sector borrowing data, while sentiment on the greenback remained vulnerable after the Federal Reserve’s latest policy statement.In a report, the U.K. Office for National Statistics said that public sector net borrowing rose by £6.22 billion in February, less than the expected increase of £7.70 billion. January’s figure was revised to a £8.93 billion drop from a previously estimated decline of £9.41 billion.
INTRADAY OUTLOOK
Support: 1.4930
Resistance: 1.4990
RECOMMENDATION:
1. Buy GBP/USD Above 1.4992-TG: 1.5012/1.5042 SL 1.4962
2. Sell GBP/USD Below 1.4928-TG: 1.4908/1.4878 SL 1.4958
INTRADAY OUTLOOK
Support: 1.0780
Resistance: 1.0860
RECOMMENDATION:
1. Buy EUR/USD Above 1.0862-TG: 1.0882/1.0912 SL 1.0832
2. Sell EUR/USD Below 1.0778-TG: 1.0758/1.0728 SL 1.0808
SGX IForex Recommendations
TRADING TIPS :
GBP/USD pulled away from 1.4796, the session low, to hit 1.4895 during European morning trade, still down 0.58%.Cable was likely to find support at 1.4721, Tuesday’s low and resistance at 1.5148, Wednesday’s high.The dollar regained some ground after broadly weakening when the Fed indicated on Wednesday that U.S. economic growth has moderated and that interest rates will rise at a slower pace than previously forecast .The pound trimmed losses against the U.S. dollar on Thursday, but remained under pressure as the greenback continued to recover from news U.S. interest rates will most likely remain on hold for longer than expected. The pound had dropped to nearly five-year lows against the greenback earlier Wednesday after the U.K. Office for National Statistics said that the rate of unemployment was unchanged at 5.7% in the three months to January,
INTRADAY OUTLOOK
Support: 1.4710
Resistance: 1.4770
RECOMMENDATION:
1. Buy GBP/USD Above 1.4772-TG: 1.4792/1.4822 SL 1.4742
2. Sell GBP/USD Below 1.4708-TG: 1.4688/1.4658 SL 1.4738
INTRADAY OUTLOOK
Support: 1.0670
Resistance: 1.0730
RECOMMENDATION:
1. Buy EUR/USD Above 1.0732-TG: 1.0752/1.0782 SL 1.0702
2. Sell EUR/USD Below 1.0668-TG: 1.0648/1.0618 SL 1.0698
GBP/USD pulled away from 1.4796, the session low, to hit 1.4895 during European morning trade, still down 0.58%.Cable was likely to find support at 1.4721, Tuesday’s low and resistance at 1.5148, Wednesday’s high.The dollar regained some ground after broadly weakening when the Fed indicated on Wednesday that U.S. economic growth has moderated and that interest rates will rise at a slower pace than previously forecast .The pound trimmed losses against the U.S. dollar on Thursday, but remained under pressure as the greenback continued to recover from news U.S. interest rates will most likely remain on hold for longer than expected. The pound had dropped to nearly five-year lows against the greenback earlier Wednesday after the U.K. Office for National Statistics said that the rate of unemployment was unchanged at 5.7% in the three months to January,
INTRADAY OUTLOOK
Support: 1.4710
Resistance: 1.4770
RECOMMENDATION:
1. Buy GBP/USD Above 1.4772-TG: 1.4792/1.4822 SL 1.4742
2. Sell GBP/USD Below 1.4708-TG: 1.4688/1.4658 SL 1.4738
INTRADAY OUTLOOK
Support: 1.0670
Resistance: 1.0730
RECOMMENDATION:
1. Buy EUR/USD Above 1.0732-TG: 1.0752/1.0782 SL 1.0702
2. Sell EUR/USD Below 1.0668-TG: 1.0648/1.0618 SL 1.0698
SGX IForex Recommendations
TRADING TIPS :
The pound dropped to nearly five-year lows against the U.S. dollar on Wednesday, after data showed that the U.K. unemployment rate remained unexpectedly unchanged in January and that average U.K. earnings rose less- than-expected. GBP/USD hit 1.4668 during European morning trade, the pair’s lowest since June 2010; the pair subsequently consolidated at 1.4673, sliding 0.51%. Cable was likely to find support at 1.4343 and resistance at 1.4845, Tuesday’s high. In a report, the U.K. Office for National Statistics said that the rate of unemployment was unchanged at 5.7% in the three months to January, disappointing expectations for a decline to 5.6%.
INTRADAY OUTLOOK
Support: 1.4630
Resistance: 1.4750
RECOMMENDATION:
1. Buy GBP/USD Above 1.4680-TG: 1.4700/1.4730 SL 1.4650
2. Sell GBP/USD Below 1.4630-TG: 1.4610/1.4580 SL 1.4660
INTRADAY OUTLOOK
Support: 1.0550
Resistance: 1.0680
RECOMMENDATION:
1. Buy EUR/USD Above 1.0650-TG: 1.0670/1.0700 SL 1.0600
2. Sell EUR/USD Below 1.0570-TG: 1.0550/1.0520 SL 1.0600
SGX IForex Recommendations
TRADING TIPS :
The pound slipped lower against the U.S. dollar on Tuesday, as expectations for U.K. interest rates to remain on hold for longer than expected continued to weigh, while markets began to turn their focus to the Federal Reserve’s policy statement on Wednesday. GBP/USD hit 1.4773 during European morning trade, the session low; the pair subsequently consolidated at 1.4787, shedding 0.28%.Cable was likely to find support at 1.4696, the low of March 13 and a nearly five-year low and resistance at 1.4896, the high of March 13. Market participants were eyeing Wednesday’s Federal Reserve statement to see if it would drop its reference to being patient before raising rates and signal that it is ready to hike rates depending on economic data.
INTRADAY OUTLOOK
Support: 1.4700
Resistance: 1.4850
RECOMMENDATION:
1. Buy GBP/USD Above 1.4800-TG: 1.4820/1.4850 SL 1.4770
2. Sell GBP/USD Below 1.4730-TG: 1.4710/1.4680 SL 1.4760
INTRADAY OUTLOOK
Support: 1.0550
Resistance: 1.0680
RECOMMENDATION:
1. Buy EUR/USD Above 1.0650-TG: 1.0670/1.0700 SL 1.0600
2. Sell EUR/USD Below 1.0570-TG: 1.0550/1.0520 SL 1.0600
SGX IForex Recommendations
TRADING TIPS :
The pound rose against the U.S. dollar on Monday, as investors locked in gains from the greenback’s recent rally to nearly 5-year highs against the U.K. currency, although demand for sterling remained pressured by Bank of England Governor Mark Carney’s comments on Friday. GBP/USD hit 1.4798 during European morning trade, the session high; the pair subsequently consolidated at 1.4783, adding 0.25%. Cable was likely to find support at1.4696, Friday’s low and a 20-month low and resistance at 1.4896, the high of March 13. The dollar strengthened broadly on Friday after downbeat U.S. data dampened optimism over the strength of the economy, weighing on market sentiment.The U.S. Department of Labor reported that producer prices fell 0.5% last month, confounding expectations for a 0.3% gain, after a 0.8% decline in January.
INTRADAY OUTLOOK
Support: 1.4700
Resistance: 1.4910
RECOMMENDATION:
1. Buy GBP/USD Above 1.4850-TG: 1.4870/1.4900 SL 1.4820
2. Sell GBP/USD Below 1.4730-TG: 1.4710/1.4680 SL 1.4760
INTRADAY OUTLOOK
Support: 1.0400
Resistance: 1.0600
RECOMMENDATION:
1. Buy EUR/USD Above 1.0580-TG: 1.0600/1.0630 SL 1.0550
2. Sell EUR/USD Below 1.0490-TG: 1.0470/1.0440 SL 1.0520
SGX IForex Recommendations
TRADING TIPS :
GBP/USD hit 1.4845 during European morning trade, the pair’s lowest since July 2013; the pair subsequently consolidated at 1.4868, slipping 0.09%.Cable was likely to find support at 1.4811 and resistance at 1.5026. The pound fell to fresh 20-month lows against the U.S. dollar on Friday, as the greenback recovered from the previous session’s disappointing U.S. retail sales report and as investors eyed additional U.S. data to be released later in the day. The pound had found some support on Thursday after 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: 1.4710
Resistance: 1.4770
RECOMMENDATION:
1. Buy GBP/USD Above 1.4772-TG: 1.4792/1.4822 SL 1.4742
2. Sell GBP/USD Below 1.4708-TG: 1.4688/1.4658 SL 1.4738
INTRADAY OUTLOOK
Support: 1.0450
Resistance: 1.0520
RECOMMENDATION:
1. Buy EUR/USD Above 1.0522-TG: 1.0542/1.0572 SL 1.0492
2. Sell EUR/USD Below 1.0448-TG: 1.0428/1.0520 SL 1.0398
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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