As expected no clarity on tapering .. probably Fed Chairman want to leave it to new Chairman but GDP increasing to 1.7% and ADP survey showing the economy may have created around 200K new jobs this July. And afterwards, the FED: early dollar gains were erased after the Central Bank maintained its economic policy unchanged, and gave no tips on QE tapering.Although look like stock markets have lost steam after great data it was unable to show strong performance.
Following are trade for today,
Following are trade for today,
- Buy Usd/Cad at 1.0290 stop below 1.0240 target 1.0365/75++
- Sell Snp 500 at 1695 stop above 1703 target 1680/75
For more info please visit : www.cfb.ae
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