It's our 19th anniversary!

Forex market reviews

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
03 November 2017

Media reviews

Tina Pham

Strength in ‘Disappointing’ Jobs Report Leaves Fed on Track for Rate Hikes (news: 03/11/17)

Investing.com – Despite the fact that Friday’s release of the monthly employment report showed fewer jobs were created in October than forecast, analysts commented that the data left the Federal Reserve in full gear to move ahead with their “gradual” tightening cycle.
0

Market sessions

Tomasz Wisniewski

Daily analytical report (03/11/17)

Loading...
Data cannot be shown.
The US dollar remains on track despite mixed employment data, including a lower-than-expected NFP report. Aside from that, we've brought you some interesting trading opportunities on the US dollar index, and the EURUSD and NZDSGD currency pairs.
0

Market sessions

Gabriel Ojimadu

Dollar fluctuating as the NFP report approaches

The euro opened down in Friday’s European session, while the pound opened up. The British pound gained 57 pips against the US dollar to reach 1.3096 after the publication of UK data. The UK’s service sector saw some sharp growth in October, exceeding expectations.
0

Market sessions

Gabriel Ojimadu

EURUSD: price consolidating as NFP looms

On Thursday the 2nd of November, trading on the euro/dollar pair closed up. Euro bulls got some unexpected support as sellers shorted the pound following the Bank of England’s meeting. The pound shed 163 pips against the euro to reach 0.8939, while dropping 227 pips against the US dollar to hit 1.3043. The euro rose against the dollar to 1.1687, returning to around 1.1658 by the end of the day.
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