Forex NZDJPY Recommendation of 18 - MARCH. - 2015
✔We Hit FIRST Target ✔
■■ SELL NZD/JPY BELOW 88.59 TARGET 88.39 88.09 SL 88.91
IForex Signal Update
Forex NZDJPY Recommendation of 18 - MARCH. - 2015
✔We Hit FIRST Target ✔
■■ SELL NZD/JPY BELOW 88.59 TARGET 88.39 88.09 SL 88.91
SGX Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold prices edged higher in Asia on Wednesday as investors tread carefully ahead of a Federal Reserve review of monetary policy that may signal a rate rise ahead. On the Comex division of the New York Mercantile Exchange, gold prices for April delivery edged up 0.07% to $1,149.00 a troy ounce. Overnight, gold plummeted to $1,141.60 early in U.S. morning trading, its lowest level since early-November, before moving up to near $1,160 in less than an hour. Prices for gold futures plunged to a four-month low, ending a three-day winning streak, as investors unloaded their holdings of the precious metal in advance of Wednesday’s critical Federal Open Market Committee meeting. The Federal Reserve could remove a reference to remaining patient from its minutes, which would provide an indication that the U.S. central bank is ready to raise interest rates at some point this year.
TRADING STRATEGY :
BUY GOLD ABOVE 1157 TARGET 1162 1168 SL 1151
SELL GOLD BELOW 1146.50 TARGET 1141.50 1135.50 SL 1152.50
Gold prices edged higher in Asia on Wednesday as investors tread carefully ahead of a Federal Reserve review of monetary policy that may signal a rate rise ahead. On the Comex division of the New York Mercantile Exchange, gold prices for April delivery edged up 0.07% to $1,149.00 a troy ounce. Overnight, gold plummeted to $1,141.60 early in U.S. morning trading, its lowest level since early-November, before moving up to near $1,160 in less than an hour. Prices for gold futures plunged to a four-month low, ending a three-day winning streak, as investors unloaded their holdings of the precious metal in advance of Wednesday’s critical Federal Open Market Committee meeting. The Federal Reserve could remove a reference to remaining patient from its minutes, which would provide an indication that the U.S. central bank is ready to raise interest rates at some point this year.
TRADING STRATEGY :
BUY GOLD ABOVE 1157 TARGET 1162 1168 SL 1151
SELL GOLD BELOW 1146.50 TARGET 1141.50 1135.50 SL 1152.50
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
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