13Jun
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IForex Market Trading Signals and News of 13th June 2014

TRADING TIPS :

  • Forex – USD/CAD edges lower after mixed U.S. data
  • Forex – Dollar little changed vs. euro, yen after U.S. data
  • Forex – EUR/USD steady ahead of U.S. data

USD/CAD
USD/CAD dipped 0.06% to 1.0861, the lowest since June 2.
The pair was likely to find support at 1.0821, the low of May 30 and resistance at 1.0905, Wednesday’s high.
The Labor Department reported that the number of people filing for initial jobless benefits in the week ending June 7 increased by 4,000 to 317,000. The consensus forecast had been for a decline of 3,000.

USD/JPY
USD/JPY was almost unchanged at 102.01, holding above the more than one-week low of 101.85 struck in the previous session.
The Labor Department reported that the number of people filing for initial jobless benefits in the week ending June 7 increased by 4,000 to 317,000. The consensus forecast had been for a decline of 3,000

EUR/USD
EUR/USD was trading at 1.3536, not far from the four-month low of 1.3502 set last Thursday.
The pair was likely to find support at 1.3500 and resistance at 1.3601, Tuesday’s high.
The euro has weakened broadly since the European Central Bank cut all its main rates to record lows last Thursday and imposed negative

RECOMMENDATION :

1. Buy GBP/USD Above 1.6840- TG: 1.6870/ 1.6910 SL 1.6705
2. Sell GBP/USD Below 1.6790- TG: 1.6755/ 1.6720 SL 1.6830

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