On Tuesday the euro/dollar renewed from 1.1171 to 1.1278. No important US macroeconomic data came out. The ECB’s Mario Draghi didn’t mention monetary policy in his speech. I believe that a fall in the USD was provoked by the Canadian dollar which has been strengthening with the price of oil.
Brent is up 5.6% to 52.15 USD. The commodities market has reacted positively to OPEC General Secretary Abdallah Salem el-Badri’s speech in which he mentioned the readiness of OPEC’s 21 member states to meet other oil producer states to discuss global oil prices.
Main news of the day:
Of all the news out today, the ones that really stick out is the UK data on August industrial and manufacturing production. The Bank of Japan’s press conference will have an effect on yen crosses, but is unlikely to have any real effect on dollar pairs. Today I believe we’ll see a recoil of the EUR/USD to the LB.
The euro/dollar is trading around 1.1276 against an Asian 1.1283 minimum. The price is between the U1 and U2 at the 90th degree. It could reach the 112th degree, but I’ll risk saying that it will fall to the LB from its current level. The price has stopped by the trend line on the daily. A close of the day above 1.1310/20 will open the road for the eurobulls to head to 1.1459.
The euro/dollar has returned to the trend line. The moment has come for market participants to mark out the triangle. The question is whether it will be going upwards or downwards. The wave structure is unclear. Now to the Weekly tab.
The euro/dollar is still trading in a sideways between 1.1086 and 1.1459 and so we are still waiting for it to leave this channel.
Make Yourself at Home on the Forex Market
Alpari Cashback: decide for yourself, what trading terms on the Forex market will work for you! Trade, invest, top up your accounts at Alpari and get bonus points to further enhance your trading and investment terms.Register
Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.
We're sorry, an error has occurred. Please try again later.
Notification of this error has been sent to our technical support team.
To be redirected to the European Alpari website, operated by Alpari Europe Ltd.,
a company registered in Malta and regulated by MFSA, click Continue. To remain on this page, click Cancel.
Попробуйте опубликовать пост еще раз либо свяжитесь со службой поддержки социальной сети «ВКонтакте».
У вас есть 24 часа, чтобы получить 50 бонусных баллов за свой репост! Эти баллы вы сможете использовать для улучшения торговых и инвестиционных условий в Альпари, а также уменьшения комиссий за денежные переводы.
Просто авторизуйтесь в своем Личном кабинете или зарегистрируйтесь,
если у вас его еще нет.
Обратите внимание, что для получения баллов нужно разрешить доступ к своей странице ВКонтакте сайту alpari.com/ru/.
Для этого на странице «Мои настройки» во вкладке «Приватность» в разделе «Прочее» вашего аккаунта ВКонтакте в пункте «Кому в интернете видна моя страница» выберите «Всем».
Field filled incorrectly.
This field is required.
This field is required.
Incorrect login or password.