Yesterdays Forex Recommendation
✔ Hit All The Targets ✔
■■ Buy USD/JPY Above 118.86-TG:119.06/119.36 SL 118.56
IForex Signal Update
Yesterdays Forex Recommendation
✔ Hit All The Targets ✔
■■ Buy USD/JPY Above 118.86-TG:119.06/119.36 SL 118.56
SGX IForex Recommendations
TRADING TIPS :
EUR/USD held steady at 1.2456, as investors remained cautious following a surprise decision by the Greek government to bring forward a parliamentary vote for president to next week from February. Markets were spooked by the risk of snap elections which could take place if Prime Minister Antonis Samaras’ candidate is not approved by parliament, which could see the anti-bailout Syriza party take power.But the dollar still remained supported after last week’s strong U.S. jobs report for November prompted investors to bring forward expectations for the first hike in interest rates to mid-2015 from September 2015.
INTRADAY OUTLOOK
Support: 1.2413
Resistance: 1.2476
RECOMMENDATION:
1. Buy EUR/USD Above 1.2478-TG:1.2498/1.2528 SL 1.2448
2. Sell EUR/USD Below 1.2410-TG:1.2390/1.2360 SL 1.2440
INTRADAY OUTLOOK
Immediate Support: 118.15
Immediate Resistance: 118.86
RECOMMENDATION:
1. Buy USD/JPY Above 118.86-TG:119.06/119.36 SL 118.56
2. Sell USD/JPY Below 118.13-TG:117.93/117.63 SL 118.43
SGX Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold showed a mild rebound in Asia on Friday as U.S. retail sales bolstered physical demand prospects. On the Comex division of the New York Mercantile Exchange, gold futures for February traded at $1,226.40 a troy ounce, up 0.07%, after hitting an overnight session low of $1,216.60 and off a high of $1,233.40. Overnight, gold futures edged lower on Thursday after a cheery report on U.S. retail sales boosted the dollar by keeping expectations firm that the Federal Reserve will begin hiking interest rates in 2015, possibly sooner than markets were once anticipating.The U.S. Commerce Department reported earlier that retail sales rose 0.7% last month, beating expectations for a gain of 0.4%.
TRADING STRATEGY :
BUY GOLD ABOVE 1226.60 TARGET 1231.60 1237.60 SL 1220.60
SELL GOLD BELOW 1223 TARGET 1218 1212 SL 1229
Gold showed a mild rebound in Asia on Friday as U.S. retail sales bolstered physical demand prospects. On the Comex division of the New York Mercantile Exchange, gold futures for February traded at $1,226.40 a troy ounce, up 0.07%, after hitting an overnight session low of $1,216.60 and off a high of $1,233.40. Overnight, gold futures edged lower on Thursday after a cheery report on U.S. retail sales boosted the dollar by keeping expectations firm that the Federal Reserve will begin hiking interest rates in 2015, possibly sooner than markets were once anticipating.The U.S. Commerce Department reported earlier that retail sales rose 0.7% last month, beating expectations for a gain of 0.4%.
TRADING STRATEGY :
BUY GOLD ABOVE 1226.60 TARGET 1231.60 1237.60 SL 1220.60
SELL GOLD BELOW 1223 TARGET 1218 1212 SL 1229
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