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Forex market reviews

30 November 2017

Media reviews

Tina Pham

OPEC, allies set to agree oil cut extension to end of 2018 (news: 30/11/17)

VIENNA (Reuters) - OPEC and non-OPEC oil producers look poised to agree on Thursday to extend output cuts until the end of 2018 to finish clearing a global glut of crude while signaling they could exit the deal earlier if the market overheats.
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Market sessions

Gabriel Ojimadu

EURUSD: trend line broken

On Wednesday the 29th of November, trading on the euro/dollar pair closed slightly up. Buyers recovered all their intraday losses during the American session after the British pound made some gains. The pound was boosted by the news that the UK had reached a deal with Brussels “in principle” regarding the EU divorce bill.
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28 November 2017

Media reviews

Tina Pham

Bitcoin Price Hits $10,000 (news: 28/11/17)

Bitcoin has finally surmounted the greatest psychological barrier of all, passing $10,000 and showing no signs of stopping. Following a week of consolidating at all-time high levels around $8,000, Bitcoin found the strength to move up powerfully over the Thanksgiving weekend.
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Market sessions

Gabriel Ojimadu

Dollar recovering its losses in Europe

On Tuesday the 28th of November, during trading in Europe, the euro and pound were both trading down against the US dollar. After a failed recovery, the pound dropped from 1.3357 to 1.3287 (-70 pips), while the euro dropped from 1.1920 to 1.1875 (-45 pips). This is the market readjusting itself after the US dollar’s recent decline.
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Market sessions

Gabriel Ojimadu

EURUSD: reversal candlestick on the daily timeframe

On Monday the 27th of November, trading on the euro/dollar pair closed down. Monday’s movements went against Friday’s, except that the euro made a couple of highs before dropping. After a housing market report from the US, buyers started to cash in on their long positions. The report showed an increase in new home sales where markets had expected a decline. The euro reacted to this with a drop to the balance line at 1.1891.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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