Forex Market Reviews

Market sessions

10:53 (GMT+3)

EURUSD: awaiting a breakout of 1.1618 – 1.1626

On Tuesday, trading on our currency pair closed slightly up. The daily candlestick has a bullish body of 6 pips, and a long upper shadow of 67 pips. In the first half of the day, buyers received a boost from Yves Mersch’s speech and the IFO report, which showed an increase in business activity in Germany for July. The pair hit a new one-year high thanks to a weakening of the dollar across the market and the activation of protective stop levels above 1.1685.

Market sessions

Tomasz Wisniewski

17:46 (GMT+3)

Daily analytical report (25/07/17)

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We start the week with some corrections for USD, Gold and DAX.

Market sessions

Gabriel Ojimadu

17:05 (GMT+3)

Euro/dollar hits a new 52-week high

During Europe’s trading, the US dollar index (DXY) traded in a sideways trend between 93.81 and 94.09. At the last hour, it hit a new low of 93.68. The dollar has fallen against all major currencies except for the yen. It’s currently under pressure due to the looming Fed meeting tomorrow.

Market sessions

Gabriel Ojimadu

09:44 (GMT+3)

EURUSD: downwards correction incomplete

Trading on the euro closed down on Monday. The US dollar rose slightly against the dollar in the wake of a partial closing of long positions.