Forex market reviews

Cryptocurrencies

18:16 (GMT+3)

Bitcoin was last mentioned here on the 29th of October. Back then, we were locked in a sideways trend and said that a breakout of a certain support should bring us a sell signal. You probably know that we are currently sitting at yearly lows. So guess what? That analysis was spot on!

Market sessions

Matthew Anthony

10:30 (GMT+3)

EURUSD: the euro is expected to drop to the Lb balance line

On Friday the 16th of November, trading on the euro closed up against the US dollar. From the Lb line, the price rose to 1.1420. Fed Vice Chairman Richard Clarida acted as a support for the euro and put pressure on the US dollar. He believes that there are signs of a slowdown in the global economy and that the Fed should include the slowdown in its economic forecast.

Market sessions

Tomasz Wisniewski

17:11 (GMT+3)

Daily analytical report (16/11/2018)

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The EURUSD pair is back above 1.13, but this shouldn't last long. Things are looking bad for bitcoin, while the SP500 bulls refuse to give up.

Market sessions

Matthew Anthony

10:38 (GMT+3)

EURUSD: the euro’s upwards trend continues

Brexit is dominating the Forex market this week. The pound is under intense scrutiny by market participants. On Thursday, it shed 2.3% against the greenback to reach 1.2735. This drop was caused by reports of UK Brexit Minister Dominic Raab’s resignation. Another piece of news that took its toll on the pound was that of the prospect of Prime Minister Theresa May facing a no-confidence vote. The single currency dropped to 1.1271 against the dollar on the back of this report, although euro bulls quickly recovered these losses in Europe and pushed on to a new session high of 1.1362.