Born the 29th of October, 1981, in the city of Jos.
Matthew graduated with a degree in Economics from the University of Calabar in Nigeria in 2007.
Upon graduating, he developed a keen interest in financial markets, and has since mastered the art of trading on Forex and derivative markets. He has been engaged in many public and private educational courses on trading on financial markets, with an emphasis on trading psychology and risk management.
Before joining Alpari, Matthew gained professional experience working in banking and construction, where his research and analytical skills were honed.
Working at Alpari since August 2016.
Personal interests: books, music, travel, cooking.
On Wednesday the 16th of January, the euro fell slightly against the US dollar and the British pound. It remained under pressure following the comments of ECB head Mario Draghi, who told the European Parliament that the recent economic performance of the eurozone was worse than expected, and that the economy still needs substantial stimulation in the face of uncertain external factors.Further info
On Wednesday the 9th of January, trading on the euro closed up. The single currency rose on the back of a broadly weaker dollar. The US dollar index fell on account of remarks made by an FOMC member. Charles Evans, head of the Chicago Fed, hinted that the regulator would take its time with further rate hikes given the current uncertainty regarding the US economy. The FOMC’s minutes indicate hesitance among committee members to push interest rate up any higher for the time being. The EURUSD pair rose to 1.1558 after their publication.Further info
On Tuesday, trading on the EURUSD pair closed down. The pair’s decline was minimal as the bulls managed to partially recover their losses in the US session and bring the market into a sideways trend. The pair initially came under pressure after weak data from the Eurozone and Germany, in addition to a broadly stronger dollar after a rise in US bond yields. Pressure was then exerted on the dollar following optimism surrounding the trade talks between the US and China, which increased demand for risky assets, while reducing it for the safe havens.Further info
On Monday the 7th of January, trading on the euro closed up. The single currency rose to 1.1483 against the greenback. This was triggered by a general decline on the dollar, which occurred in response to Jerome Powell’s statement that the Fed would halt its rate hike path if it sees the economy slowing down this year.Further info
Director of Alpari's analytical department
## ojimadu position
Senior Alpari analyst
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