European stocks open mixed in cautious trade; DAX up 0.06%

European stocks opened mixed on Tuesday, as inventors remained cautious ahead of this week’s policy meetings by the European Central Bank and the Bank of Japan.

During European morning trade, the EURO STOXX 50 added 0.07%, France’s CAC 40 slipped 0.21%, while Germany’s DAX 30 inched up 0.06%.
Upbeat U.S. data released that week continued to support expectations for a rate hike by the U.S. central bank in the near future.

While most investors expect the Fed to leave its monetary policy unchanged this week, it could give hints on the timing of future rate hikes.

Market participants were also looking ahead to Friday’s policy statement by the BoJ, amid growing expectations for the announcement of additional stimulus measures.

BUY  GBPINR ABOVE  88.45 TGT -88.55-88.65-88.75 SL 88.25 BELOW CMP 88.45

 

FOREX TRADING TIPS 

TRADE NIVESH FOREX TRADING TIPS FOR 23 MAY 2016

“USD/JPY is probing the 55 day ma at 110.31 but will need a close above the 111.90 last reaction high to confirm that the market has based (favored)”.

“We note the TD perfected set up and 13 count on the 240 minute chart and we may see a minor set back very near term, but we look for dips to hold over 107.65”.

“The sharp drop last Friday was unexpected and the 1.4488 low was just a few pips above our 1.4485 stop-loss”.

“Unless GBP can move and stay above 1.4580 within these couple of days, a break below 1.4485 seems likely”.

“In other words, the recent high 1.4663 is likely the extent of the current bullish phase and the target of 1.4770 is not met”.

BUY GBPINR ABOVE 97.90 TGT -98-98.10-98.20 SL 97.70 BELOW CMP 97.84

SELL USDINR BELOW 67.35 TGT 67.25-67.15-67.05 SL 67.55 ABOVE CMP 67.38



FOREX TRADING TIPS INDIA