TRADING TIPS :
- Forex-Dollar rallies to 6-year highs vs. yen after Fed guidance.
- Forex- Bitcoin rises from 4-month low on bargain buying.
- Forex-Euro pares gains after ECB TLTRO falls short.
EUR/USDwas last up 0.11% to 1.2870, off session highs 1.2907 and not far from the 14-month lows of 1.2833 struck overnight .The euro slipped after the ECB said it allotted €82.6 billion to 255 bidders in its new Targeted Long Term Refinancing Operation, or TLTRO. That was well below the €100 to €150 billion predicted by analysts.The pair was likely to find support at 1.2833 and resistance at 1.2945.A second operation will be held in December. The ECB is offering up to €400 billion of cheap liquidity under eight TLTRO operations in order to encourage lenders to offer credit to small businesses .
GBP/USDrising 0.21% to 1.6309 as investors awaited the outcome of Scotland’s closely watched independence referendum sterling found support after data on Thursday showed that U.K. retail sales rose 0.4% in August in line with forecasts.The pound edges higher against the U.S. dollar on Thursday, after data showed that U.K. retail sales rose in line with expectations in August, while markets eyed the outcome of a highly anticipated vote on Scottish I independence.Year-on-year, retail sales rose at a 3.9% rate in August, below expectations for a 4.1% gain, after r rising at a rate of 2.5% in July.Core retail sales, which exclude automobile sales, increased by 0.2% last month, compared to forecasts for a 0.3% gain .
1. Buy EUR/USD Above 1.2900-TG:1.2920/1.2950 SL 1.2875
2. Sell EUR/USD Below 1.2858-TG:1.2838/1.2808 SL 1.2888