It's our 19th anniversary!

Forex market reviews

07 November 2017

Media reviews

Tina Pham

RBA policy decision: Interest rate unchanged at 1.5%, higher AUD would slow economy (news: 07/11/17)

In today's Reserve Bank of Australia's monetary policy decision, as widely expected, the Central Bank decided to keep its interest rate unchanged at 1.5%, with the policy statement being interpreted as neutral.
0

Market sessions

Tomasz Wisniewski

Daily analytical report (07/11/17)

Loading...
Data cannot be shown.
EURUSD, gold, NZDSGD
0

Market sessions

Gabriel Ojimadu

EURUSD: correction to 1.1640 still on the cards

On Monday the 6th of November, the euro/dollar pair closed just 2 pips away from Friday’s closing price, leaving a long tail on the daily candlestick that reaches down to 1.1580. During the European session, the euro dropped to 1.1580. The main forces behind this were BoE governor Mark Carney’s speech and a drop for US bond yields and crosses involving the euro.
0
06 November 2017

Media reviews

Tina Pham

Oil rises to highest since mid-2015 on Saudi purge, tighter markets (news: 06/11/17)

LONDON (Reuters) - Oil prices hit their highest since July 2015 on Monday as Saudi Arabia’s crown prince cemented his power over the weekend with an anti-corruption crackdown, while markets continued to tighten.
0

Trading ideas

Gabriel Ojimadu

Short-term trading idea FX USD/JPY – bull speculation: breakout of the trend line expected

Trading opportunities on the currency pair: Large and small speculators are both keeping open positions against the yen. According to cyclical analysis, the dollar’s phase of strengthening will come to an end between the 8th and 23rd of November somewhere between 115.40 and 116.07. I reckon that buyers won’t be able to break through the resistance zone (114.60 – 115.00) on the first attempt and a new rally will start from 112.45 – 113.35, which will continue until the end of the year. The main target is 119.24, while the most immediate target is 116.60. The case for growth will disappear if the daily candlestick closes below 112.50.
0

Market sessions

Gabriel Ojimadu

EURUSD: price correction following payrolls

On Friday the 3rd of November, trading on the euro/dollar pair closed down. Volatility surged during the US session. I don’t even know whether the stop levels of intraday traders managed to withstand the US data or not.
0

Trading ideas

Gabriel Ojimadu

Mid-term trading idea FX EUR/JPY - bull speculation: euro to strengthen inside the 1-1 channel

Trading opportunities on the currency pair: Prime Minister Shinzo Abe’s comfortable election victory in Japan has increased expectations that the central bank’s current monetary policy will remain in place. Both currencies are under pressure, so the pair is trading sideways. In my forecast, I’m expecting a breakout of the 134.50 resistance with a subsequent growth to 141.06 (high from June 2015) inside the 1-1 channel. The intermediate targets are 136 and 139. This scenario will not happen if the weekly candlestick closes below 129.50.
0

Choose a period:

Our analysts

Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

## ojimadu name
## ojimadu name

## ojimadu position

Vadim Iossub
Vadim Iossub

Senior Alpari analyst

See all analysts
Back to top