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Forex market reviews

10 November 2017

Media reviews

Tina Pham

Dollar set for biggest weekly drop in four weeks on tax concerns (news: 10/11/17)

LONDON (Reuters) - The dollar edged higher on Friday as an overnight spike in U.S. Treasury bond yields prompted some investors to buy the greenback after some recent heavy selling.
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Market sessions

Tomasz Wisniewski

Daily analytical report (10/11/17)

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The SP500 has taken a hit from proposed US tax reform, but should recover. The DAX, however, seems to be having a worse time. Meanwhile, bitcoin, having recently made new all-time highs, looks on its way down.
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Market sessions

Gabriel Ojimadu

EURUSD: trading to close at around 1.1620

On Thursday the 9th of November, trading on the euro/dollar pair closed up. The trend line was broken through as I expected. After breaking the resistance zone around 1.1606, the euro jumped to 1.1655. The US dollar came under pressure from the fact that the new tax reform legislation proposed by the Senate includes deferring a corporate tax break until 2019.
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09 November 2017

Media reviews

Tina Pham

Jobless claims rise more than expected as hurricane backlog clears (news: 09/11/17)

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, suggesting that claims processing disrupted by recent hurricanes has begun to improve.
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Market sessions

Tomasz Wisniewski

Daily analytical report (09/11/17)

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Gold, USDMXN, USDCHF
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Market sessions

Gabriel Ojimadu

EURUSD: increased risk of rising to 1.1660

On Wednesday the 8th of November, trading on the euro/dollar currency pair closed slightly up. The euro traded against the dollar within a narrow range of 1.1579 to 1.1611 (32 pips). During the US session, sellers tried to break the 1.1580 support, but fell short. The price then restored to 1.1599.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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