Tuesday 14 June 2016

FOREX TIPS: Asian shares slip as Fed, Brexit loom

Asian stocks slipped on Tuesday ahead of the U.S. Federal Reserve's two-day meeting that begins later in the day, amid growing worries this month's referendum in Britain could see it exit the European Union.
The pound and euro have suffered in recent sessions as economists fear a so-called Brexit would tip Europe back into recession. Voters appear divided ahead of the June 23 referendum, with the "Out" campaign widening its lead over the "In" camp, according to two opinion polls published by ICM on Monday.
Financial spread betters predicted the gloom would spread to European trading. Britain's FTSE 100 was seen opening 0.3 percent lower, while both Germany's DAX and France's CAC 40 were expected to fall 0.8 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent, after Wall Street lost ground for the third straight session.
Japan's Nikkei stock index skidded 1 percent after tumbling 3.5 percent on Monday.

BUY GBPINR ABOVE 95.35 TGT -95.45-95.55-95.65 SL 95.15 BELOW CMP 95.35

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