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Forex market reviews

15 January 2018

Trading ideas

Gabriel Ojimadu

Mid-term trading idea: FX EURJPY - bull speculation: continuing on the idea from 06/11/17

Trading opportunities on the currency pair: The price is moving according to plan. Buyers have overcome the resistance at 134.50 and reached their intermediate target of 136.00. Now, the road to 139 is open (162% of the 114.85 – 124.08 range). We could see a pullback before the rally recommences. It won’t resume at all, however, if the price exits the 1-1 channel.
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Trading ideas

Gabriel Ojimadu

Short-term trading idea: FX NZDJPY - bull speculation: growth to the upper boundary of the sideways trend expected

Trading opportunities on the currency pair: For several weeks in a row, the Kiwi dollar has been rising against both the US dollar and the Japanese yen. The price is approaching the DTR1 trend line (downwards trend line). In my forecast, I’m expecting a breakout of this line, followed by growth to the upper boundary of the range 75.63 – 83.81.
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Market sessions

Gabriel Ojimadu

EURUSD: pair is overbought

On Friday the 15th of January, trading on the euro closed up. After a breakout of the 1.2090 resistance, the single currency surged against the dollar to reach 1.2219. This rally was initially brought about by reports of progress being made in coalition talks in Germany. It was later revealed that Chancellor Markel had struck a deal with a rival party, the Social democratic Party, on forming a new government. The euro was further propped up by expectations that the ECB is soon to start reducing the scale of its QE program.
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12 January 2018

Media reviews

Tina Pham

Rents boost U.S. core CPI; retail sales rise solidly (news: 12/01/18)

WASHINGTON (Reuters) - Underlying U.S. consumer prices recorded their largest increase in 11 months in December amid strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year.
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Market sessions

Tomasz Wisniewski

Daily analytical report (12/01/18)

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EURUSD, USCAD, GBPUSD.
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Market sessions

Gabriel Ojimadu

EURUSD: price approaching the U3 line

On Wednesday the 10th of January, the euro jumped after a report from Bloomberg that China was preparing to either reduce or stop its purchases of US government bonds. The Chinese regulator, however, dismissed these rumours.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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Vadim Iossub
Vadim Iossub

Senior Alpari analyst

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