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Forex Market Reviews

24 April 2018

Market sessions

Gabriel Ojimadu

EURUSD: buyers trying to build on the upwards correction

On Monday the 23rd of April, trading on the US dollar closed up. After weak manufacturing data from the Eurozone, as well as a rise in US10Y bond yields providing support to the dollar, the single currency dropped from 1.2289 to 1.2185.
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23 April 2018

Media reviews

Tina Pham

Pound sterling falls to five week low against US dollar as GDP and Brexit pressures increase (news: 23/04/18)

The pound fell to a five-week low against the dollar on Monday morning, continuing the downward momentum seen last week off the back of worse than expected economic data.
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Market sessions

Gabriel Ojimadu

EURUSD: upwards correction overdue

On Friday the 20th of April, trading on the EURUSD pair closed down. The single currency dropped against the dollar to 1.2293 during the European session, falling further to 1.2249 in the US. An increase in US bond yields gave way to a rise for the US dollar. US10Y bond yields hit a high of 2.966%; its highest value since January 2014. This rise in bond yields occurred in anticipation of increased interest rates.
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Our Analysts

Alexander Razuvaev
Alexander Razuvaev

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Gabriel Ojimadu

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Vadim Iossub
Vadim Iossub

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