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Forex market reviews

11 August 2017

Market sessions

Tomasz Wisniewski

Daily analytical report (11/08/17)

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Today we look at USD ahead of the CPI data and how the North Korea situation is causing a mass retreat towards safe haven assets. Other topics in today's video include EURUSD, AUDUSD and gold.
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Market sessions

Gabriel Ojimadu

EURUSD: an upwards triangle has emerged on the hourly timeframe

On Thursday, the 10th of August, the euro/dollar pair closed up at 1.1773. Data on industrial inflation and threats from Donald Trump directed towards North Korea put the dollar under pressure. A fall on the producer price index has reduced the probability of there being another interest rate hike from the Fed before the year is over. Fuel was added to the fire by Fed member William Dudley, when he expressed doubts that the US’s mid-term inflation target might not be reached within the year.
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10 August 2017

Market sessions

Tomasz Wisniewski

Daily analytical report (10/08/17)

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Risk-off mode still in force as we take a look at WTI, DAX and SP500.
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Market sessions

Gabriel Ojimadu

EURUSD: downwards trend continues

On Wednesday, the 9th of August, trading on the euro/dollar closed slightly up, leaving a long shadow behind it after a drop. The euro’s drop to 1.1689 may have been triggered by cross pairs involving the euro. An exchange of threats between US President Donald Trump and North Korean Supreme Leader Kim Jong Un has pushed investors towards safe haven assets, i.e. the Swiss franc, Japanese yen and gold. Protective stop levels on long positions may have been triggered below 1.1715. The sharp rise to 1.1751 was triggered by a sharp drop in US 10Y bond yields. I don’t have any other explanation for the fluctuations we’ve seen on the euro/dollar pair.
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