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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.

Analysts Publications

18 July 2017

Market sessions

Gabriel Ojimadu

EURUSD: price up after Obamacare news

The US dollar index fell by 0.12% to 95.15 on Monday. Correspondingly, the euro/dollar rate rose by 0.11% to 1.1478 (+13 pips). The euro closed up against the dollar thanks to growth on the euro/pound cross, which rose by 0.49% to 0.8793. On the back of that, the pound/dollar fell by 0.37% to 1.3053.

Further info

17 July 2017

Market sessions

Gabriel Ojimadu

The euro is hovering around Friday’s closing price

The US dollar index is currently trading slightly up. The bearish sentiment remains after the release of weak US inflation and retail sales data. These disappointing statistics have lowered expectations in terms of a further tightening of monetary policy by the Fed.

Further info

Market sessions

Gabriel Ojimadu

EURUSD: correction expected after Friday’s rally

On Friday the 14th of July, trading on the euro closed up against the US dollar. The price rose sharply after the release of US data. The consumer price, retail sales and Michigan University indices did not match up to expectations. US 10Y bond yields fell by 2.6% on this news, reaching 2.27%. The euro rate restored to 1.1468. Buyers hit a session high of 1.1472 before trading closed.

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14 July 2017

Market sessions

Gabriel Ojimadu

EURUSD: growth to 1.1451 expected before the weekend

On Thursday, trading on the euro closed down. During the European session, the single currency depreciated against the dollar, reaching 1.1371. This sharp drop on the euro was linked to comments from ECB governing council member and governor of Latvijas Banka, Ilmārs Rimšēvičs. He remarked that, due to low inflation in the region, the quantitative easing program could last another couple of years. It was later revealed that in August, ECB president Mario Draghi would be speaking at Jackson Hole, where it’s likely that some details will come to light about the ECB’s plans for reversing the QE program when they sit down in September. The euro then bounced from its session low of 1.1371 to 1.1419 and went into a sideways trend. Janet Yellen had nothing new to offer markets.

Further info

13 July 2017

Market sessions

Gabriel Ojimadu

Euro/dollar has returned to the 1.1380 support

The US dollar’s day started with a drop. During trading in Asia, the US dollar index (DXY) fell to 95.46. During trading in Europe, it recovered all its losses, restoring to 95.88. On the back of a strengthening dollar, the euro/dollar rate has fallen from 1.1456 to 1.1372 (-84 pips). Sellers didn’t manage to break the 1.1380 support and the rate restored to 1.1407.

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Market sessions

Gabriel Ojimadu

EURUSD: price has restored to the 45th degree

On Wednesday, trading on the euro closed down. Market volatility was high as Janet Yellen’s pre-prepared remarks were published a well as while she was giving testimony to Congress. She remarked that the US economy was growing fast enough for another rate hike and to continue normalising the Fed’s balance sheet.

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12 July 2017

Market sessions

Gabriel Ojimadu

Euro/dollar correcting after yesterday’s rally

At the beginning of the European session, MPC member Ben Broadbent, after hitting the pound yesterday, dealt another blow in an apparent attempt to keep it down a while longer and support British exports. In an interview with Press and Journal, he said that he wasn’t currently inclined to vote in favour of a rate hike. The pound/dollar reacted to this with a 35-pip slide. A session low of 1.2812 was recorded, but the pound recovered against the dollar after UK unemployment data was released, pushing it up by 58 pips to 1.2870.

Further info

Market sessions

Gabriel Ojimadu

EURUSD: price came close to 1.15

On Tuesday the 11th of July, trading on the euro closed significantly up. Before the US session, the price was trading within a 20-pip range. The price exited this range as BoE representative Broadbent gave his speech and the euro/pound cross sharply rose. US bond yields fell by 1% to 2.37%.

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