TRADING TIPS :
EUR/USD was up 0.06% at 1.2541.Monetary authorities largely agree that the economy was improving and no longer needed stimulus tools such as asset purchases, though concerns persisted that inflation expectations may be dipping, the minutes of the Federal Reserve’s October policy meeting released Wednesday revealed. At its October monetary policy meeting, the Fed left its benchmark interest rate unchanged at 0.00-0.25% and said it was closing its monthly bond-buying program in a move widely expected by markets.While the economy is improving, some monetary authorities want to be sure recovery remains sustained before raising interest rates, which is seen taking place in 2015, with a few voting members expressing concerns that inflationary pressures remain soft.
INTRADAY OUTLOOK
Support: 1.2502
Resistance: 1.2561
RECOMMENDATION:
1. Buy EUR/USD Above 1.2563-TG:1.2583/1.2613 SL 1.2533
2. Sell EUR/USD Below 1.2500-TG:1.2480/1.2450 SL 1.2530
INTRADAY OUTLOOK
Immediate Support: 117.86
Immediate Resistance: 118.33
RECOMMENDATION:
1. Buy USD/JPY Above 118.35-TG:118.55/118.85 SL 118.05
2. Sell USD/JPY Below 117.84-TG:117.64/117.34 SL 118.14
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