Forex market reviews

Media reviews

18:22 (GMT+3)

Pound holds above $1.27, buoyed by dollar weakness (news: 17/08/18)

LONDON (Reuters) - The British pound rose on Friday as the dollar fell across the board and some traders saw an opportunity to buy sterling after data this week pointed to an UK economy holding up relatively well.

Market sessions

Tomasz Wisniewski

15:13 (GMT+3)

Daily analytical report (17/08/18)

Data cannot be shown.

Gold is finally climbing higher, oil is about to test the recent supports as new resistances, and GBPAUD tested the neckline of the giant head and shoulders formation along with the mid-term horizontal resistance.

Market sessions

Gabriel Ojimadu

09:12 (GMT+3)

EURUSD: pair set to consolidate

On Thursday the 17th of August, trading on the euro closed up. News that trade talks between the US and China are set to resume later this month brought about a correction on the dollar and, in turn, the euro. Market sentiment has shifted, but the big picture is still bearish.

Media reviews

Tina Pham

18:30 (GMT+3)

Sterling stuck near 14-month low despite strong retail data (news: 16/08/18)

LONDON (Reuters) - Sterling languished near 14-month lows on Thursday, and strong British retail sales did little to support the currency hamstrung by fears about Britain leaving the European Union.

Market sessions

Tomasz Wisniewski

14:34 (GMT+3)

Daily analytical report (16/08/18)

Data cannot be shown.

On EURAUD, we bounced again from the horizontal resistance on the 1.571 for the third time in a row, AUDUSD is aiming higher for the horizontal resistance, and AUDCAD is also about to test an important horizontal resistance.

Cryptocurrencies

Gabriel Ojimadu

09:30 (GMT+3)

XBTUSD - Bitmex: the situation today is 50-50

On Wednesday, the 15th of August, trading on bitcoin closed up by 1.17%. During the American session the pair rose to 6,641. There, buyers rested against the sell wall. When the price fell below 6,600, market sellers entered the game. Mass selling at 6,595 forced buyers to close long positions, which opened above 6,300. By the close of trading, the price fell by 5.64%, to 6,266.

Market sessions

Gabriel Ojimadu

09:20 (GMT+3)

EURUSD: technical setup on the euro favours the bears

On Wednesday the 15th of August, trading on the euro closed slightly up. On the back of some partial profit-taking following the pair’s recent collapse, the pair has now recovered from 1.1301 to 1.1345. The Turkish lira has stabilised at around 6 lira to the US dollar, which, along with the downwards correction on the dollar in response to the drop in US bond yields, has provided the euro with a boost.