Fundamentals Analysis
Soft Philly Fed Survey Raises Manufacturing Doubts in the US.
The lowest reading of the Philadelphia Fed’s manufacturing survey since May has some economists fretting about a slowdown in the key manufacturing sector thus giving mixed signals about the true state of the US economy.
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Technical Analysis
GBPAUD Breaks Out of Range to the Upside; Buy on Dips!
Today we are going to take a look at GBPAUD. Since July, the pair has been ranging from 1.66 area to around the 1.74 area and have been bouncing up and down since then. However, yesterday the pair broke the range to the upside and is solidly above the 1.74 area. However, given prices have accelerated substantially yesterday we prefer to wait for a pullback before buying.
To read the full trading recommendation, please click this link:http://metisetrade.com/index.php/research
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