Salam ....
Trading Range is between 1.6100 to 1.6600 area.
1. BUY Area : 1.6337
T1 : 1.6400
T2 : 1.6450
T3 : 1.6550 - If fail CS should drop at 1.6300 area.
2. SELL Area : 1.6297
T1 : 1.6248
T2 : 1.6200
T3 : 1.6137
Allah Hu
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Salam ... BISMILLAH HIRR RAHHMAN NIRR RAHHIM Trading Range is between 1.6100 to 1.6500 area. 1. BUY Area : 1.6293 T1 : 1.632...
1 comment:
The U.S. dollar continued to weaken against its major counterparts during the overnight session as investors increased their appetite for higher-yielding assets, and the reserve currency may face increased volatility throughout the U.S. trade as the FOMC is widely expected to hold the benchmark interest rate at 0.25% and maintain its $1.75T asset purchase program in order to encourage a sustainable recovery. At the same time, market participants speculate the central bank to signal an end to its easing cycle as Fed Chairman Ben Bernanke sees the economy emerging from the worst recession since the post-war period, and comments following the meeting are likely to shake up the markets as investors weigh the outlook for future policy.
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