Forex EURUSD Recommendation of 11 - MARCH. - 2015
✔We Hit First Target ✔
■■ Sell EUR/USD Below 1.0720-TG: 1.0701/1.0670 SL 1.0750
IForex Signal Update
Forex EURUSD Recommendation of 11 - MARCH. - 2015
✔We Hit First Target ✔
■■ Sell EUR/USD Below 1.0720-TG: 1.0701/1.0670 SL 1.0750
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 1165.50 TARGET 1170.50 1176.50 SL 1159.50
SELL GOLD BELOW 1155 TRAGET 1150 1144 SL 1161
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 1165.50 TARGET 1170.50 1176.50 SL 1159.50
SELL GOLD BELOW 1155 TRAGET 1150 1144 SL 1161
SGX IForex Recommendations
TRADING TIPS :
GBP/USD hit 1.5029 during European morning trade, the session low; the pair subsequently consolidated at 1.5052, declining 0.51%.Cable was likely to find support at 1.4986, the low of February 3 and resistance at 1.5135, Monday’s high.The dollar remained broadly supported after the latest U.S. jobs report heigthened expectations for higher interest rates.The Fed is expected to begin raising interest rates around the middle of this year and investors were looking ahead to next week’s policy statement to see if it would drop its reference to being patient before raising rates.
INTRADAY OUTLOOK
Support: 1.5022
Resistance: 1.5097
RECOMMENDATION:
1. Buy GBP/USD Above 1.5099-TG: 1.5119/1.5149 SL 1.5069
2. Sell GBP/USD Below 1.5020-TG: 1.5000/1.4970 SL 1.5050
INTRADAY OUTLOOK
Support: 1.0722
Resistance: 1.0788
RECOMMENDATION:
1. Buy EUR/USD Above 1.0790-TG: 1.0810/1.0840 SL 1.0760
2. Sell EUR/USD Below 1.0720-TG: 1.0700/1.0670 SL 1.0750
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