Trading Tips:The pound edged higher against the U.S. dollar on Tuesday, after positive U.K. data but gains were expected to remain limited as expectations for upcoming rate hikes by both the Federal Reserve and the Bank of England lent equal support to the two currencies. GBP/USD hit 1.5591 during European morning trade, the session high; the pair subsequently consolidated at 1.5575, easing up 0.08%. The U.K. Office for National Statistics reported on Tuesday that public sector net borrowingrose to £8.58 billion in June from £8.35 billion in May, whose figure was downwardly revised from a previously estimated £9.35 billion. Analysts had expected public sector net borrowing to increase to £8.60 billion last month. Meanwhile, the pound also remained supported after BoE Governor Mark Carney said last week week that the time for rate increases is moving closer.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5590 TARGET 1.5610 1.5640 SL 1.5560
SELL GBP/USD BELOW 1.5525 TARGET 1.5505 1.5475 SL 1.5555
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment