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Gabriel Ojimadu

About the author

Gabriel Ojimadu

Gabriel was born on 14th January, 1982. In 2009 he became a graduate of Business Technology, and later earned a Post Graduate Certificate in Management.

Gabriel has been working in the banking sector since 2007, developing a more detailed interest in Forex in 2011. From 2013 onwards, Gabriel began Forex coaching: teaching both privately and at investment seminars. Gabriel prefers to combine technical analysis with fundamental analysis in order to pinpoint price levels.

Working at Alpari since May 2014.

Not married.

Hobbies: tennis; reading.

Analyst's publications

22 September 2017

Market sessions

Gabriel Ojimadu

EURUSD: quickly returning to 1.12

The dollar’s rise turned out to be short lived. On Wednesday evening, the EURUSD pair shed 1%, dropping to 1.188, but the dollar lost ground against the other currencies in the US dollar index, bringing the DXY back below 92 points. The reaction to the Fed’s meeting was emotional. However, Janet Yellen didn’t actually say anything new. She talked about the possibility of an additional rate hike before the end of the year and the beginning of the balance sheet taper in October. Markets digested this information, and within 2 days, the EURUSD pair had almost completely closed the gap, returning to 1.198.

Further info

18 September 2017

Market sessions

Gabriel Ojimadu

What will Yellen say?

Investors across the world tended towards riskier assets last week. This tendency could extend into the beginning of this week, which would be good for stock indices as well as the euro. It’s worth noting that the losses incurred on assets due to North Korea’s missile launch over Japan were quickly recovered, and the devastation caused by Hurricane Harvey was not as bad as expected. Volatility remains high on currency markets. Last week, the euro/dollar currency pair traded within a wide range from 1.187 to 1.2.

Further info

15 September 2017

Cryptocurrencies

Gabriel Ojimadu

BTCUSD: where will it stop?

At the beginning of September, Chinese authorities issued a ban on ICOs. This was the beginning of the storm. Bitcoin’s first drop of 21% was halted by buyers at 3,900 USD. The regulator then started hinting at unlicensed exchanges to start closing down voluntarily. The psychological barrier of 4,000 USD couldn’t resist the second wave of bitcoin sales. After breaking through this level, the storm became a hurricane. Over the course of the last two and a half days, the price has collapsed by 24%. So, since the start of this period, the bitcoin has fallen by 39%, from a high of 4,970 USD all the way down to 3,024 USD.

Further info

Market sessions

Gabriel Ojimadu

EURUSD: the market is balanced and the rate is poised to deviate from the LB

On Thursday the 14th of September, trading on the euro/dollar currency pair closed slightly up. In the European session, the single currency fell against the dollar to 1.1838. The pair shed 50 pips in the space of a minute after consumer inflation data was released in the US. Consumer prices turned out higher than expected and higher than the previous value.

Further info

14 September 2017

Market sessions

Gabriel Ojimadu

The pound has risen since the Bank of England meeting

On Thursday, the US dollar once again showed mixed dynamics during Europe’s trading. This time, it’s up against the euro, franc, yen, and Kiwi dollar, and down against the pound and Aussie dollar. The Australian dollar gained ground in Asia after the publication of strong data on the Australian labour market.

Further info

Market sessions

Gabriel Ojimadu

EURUSD: correction to the LB line in the works

On Wednesday the 13th of September, the euro/dollar rate closed down. The euro lost more than 100 pips of ground against the dollar over the course of the day, falling to 1.1873. It was revealed that Donald Trump is set to announce the details of his proposed tax reform legislation next week. According to a statement on the budget by the speaker of the House of Representatives, the new legislation could come into force by the end of the year.

Further info

12 September 2017

Market sessions

Gabriel Ojimadu

Euro bears poised to take 1.19

On Tuesday the 12th of September, during trading in Europe, the centre of attention, judging by price fluctuations, was the British pound. After the UK’s CPI data was released, the pound rose across the market. The pound/dollar rate jumped 100 pips to 1.3288 and the euro/pound rate dropped 89 pips to 0.8982.

Further info

Market sessions

Gabriel Ojimadu

EURUSD: unclear situation around the trend line

On Monday the 11th of September, the euro/dollar rate closed down. The US dollar strengthened across the board thanks to a rise in US bond yields. Due to correctional movements and an empty economic calendar, buyers were beaten back to 1.1950. Now let’s look at Tuesday’s technical picture.

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