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Forex market reviews

27 February 2018

Market sessions

Gabriel Ojimadu

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EURUSD: pair trading around the LB balance line

On Monday the 26th of February, trading on the euro closed up. In the European session, the euro jumped against the dollar to 1.2355 before retreating to 1.2278 ahead of ECB president Mario Draghi’s speech.
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26 February 2018

Media reviews

Tina Pham

Tina Pham

U.S. new home sales drop for second straight month (news: 26/02/18)

WASHINGTON, (Reuters) - Sales of new U.S. single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns of a slowdown in the housing market.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: buyers trying to rebound from 1.2280

On Friday the 23rd of February, trading on the euro closed slightly down. After a turbulent few days that saw price fluctuations of nearly 100 pips, markets finally pulled themselves together after the publication of the FOMC minutes. They struck an optimistic tone with regards to the state of the US economy and further interest rate hikes.
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