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Veselin Petkov

About the author

Veselin Petkov

With Alpari since 2017

Veselin received his higher education in Sofia, Bulgaria, at the University of National and World Economics, graduating with a Bachelor's degree in 2003, and with a Master's in Finance in 2007. He received a second Master's degree from the University of Vienna's Economics department in 2008.

Veselin started working on financial markets in 2006, starting out as an analyst for an investment fund that managed assets on European stock exchanges.

From 2013 to 2016, he worked at Alpari as a teacher and Forex analyst.

In 2016, Veselin was writing analytical reviews of the currency market for a trading portal.

The analysis of fundamentals, candlesticks, and charts is central to Veselin's work.

His hobbies include running, cycling and travelling.

Analyst's publications

15 August 2018

Market sessions

Veselin Petkov

NZDUSD forecast (15/08/18)

Since the middle of last year, I have been writing that with regard to NZDUSD, I expect a range to form between 0.60-0.75. At the moment, NZDUSD is trading near 0.6555, and it seems to me that by the end of the year we will test this low at 0.62-0.64, which formed in autumn 2015.

Further info

Market sessions

Veselin Petkov

EURUSD analysis (14/08/18)

This review of the EURUSD pair is written in continuation of my previous discussion titled "EURUSD pair analysis (07.08.2018)". Earlier on the H4 timeframe, we tracked the descending triangle, within which the euro has been trading against the US dollar since the 1st of May.

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14 August 2018

Market sessions

Veselin Petkov

USDJPY analysis (14/08/18)

This morning, the USDJPY pair passed the 111.00 mark for the first time this week. This is reflected on the hourly timeframe (H1) by a breakout attempt of the downwards channel.

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13 August 2018

Market sessions

Veselin Petkov

EURUSD analysis (13/08/18)

Pressure from the dollar on the euro continues - with EURUSD falling to a yearly low of 1.1500 at the end of last week. At the moment, the pair is trading at 1.1392.

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Cryptocurrencies

Veselin Petkov

Bitcoin analysis (13/08/18)

Bitcoin tested the 6,000 USD mark over the weekend. After that, there was a rebound. Currently, BTCUSD is trading at around 6,471 USD on the Bitfinex exchange.

Further info

27 July 2018

Commodities

Veselin Petkov

Brent oil price analysis (27/07/18)

The price of Brent oil has stabilised over the last few days. Currently, BRNUSD is trading at around 74.79 USD, and just a few days ago the pair was trading near the 72 USD mark for one barrel.

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Market sessions

Veselin Petkov

Overview of the Forex market (27/07/18)

The euro fell against the dollar by almost 80 pips, from 1.1730 to 1.1650, after yesterday's ECB monetary policy meeting. The European regulator has not made any changes to its monetary policy. The ECB left the key interest rate at 0% per annum, and also stressed that the asset buy-back program will end in December (monthly asset purchase volumes will remain at 30 billion euros by the end of September and after that will be reduced to 15 billion euros by the end of December).

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26 July 2018

Market sessions

Veselin Petkov

GBPUSD: technical analysis (27/07/18)

According to the H4 chart, the GBPUSD pair continues to find itself in a downwards trend.

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Cryptocurrencies

Veselin Petkov

Crypto activists offer Iran an alternate approach to dealing with Trump

Nearly everyone knows that the US has been trying to isolate Iran on the global stage for years. To put pressure on the Iranian economy, the US has repeatedly imposed both political and economic sanctions against Iran.

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Market sessions

Veselin Petkov

What can we expect from today’s ECB meeting?

The ECB is holding a meeting on monetary policy today, the results of which will be published at 14:45 (GMT+3), with a press conference to follow at 15:30 (GMT+3). This could bring about extremely high volatility on the single currency in the short term, and will also play a defining role in its mid-term trajectory.

Further info

Market sessions

Veselin Petkov

Overview of the Forex market (26/07/18)

President Donald Trump met with President of the European Commission Jean-Claude Juncker last night in Washington. They discussed the trade relations between the US and the EU. Financial markets indicate that after yesterday's meeting, the tension in trade relations between the US and Europe may ease. Financial markets reacted positively to the results of yesterday's talks between the US president and the president of the European Commission.

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