Trading Tips:The dollar was almost unchanged against the euro on Friday and gained ground against the yen, after the European Central Bank indicated that its policy will remain accomodative for as long as necessary, while the minutes of the Federal Reserve came with no surprises. EUR/USD was steady at 1.1279.In the minutes of the ECB’s September policy meeting, officials said that downside risks to inflation intensified over the summer, but that they need more time to gauge the impact of market volatility and slower growth in China. Meanwhile, the Fed’s September meeting minutes indicated that policymakers were still watching domestic inflation and the impact of slower global growth when considering when to raise interest rates.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5330 TARGET 1.5350 1.5380 SL 1.5300
SELL GBP/USD BELOW 1.5280 TARGET 1.5260 1.5230 SL 1.5310
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