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Forex market reviews

27 June 2017

Media reviews

Tina Pham

Euro surges nearly one percent after Draghi comments, dollar slips (News: 27/06/17)

The euro surged almost 1 percent against the dollar on Tuesday after European Central Bank President Mario Draghi opened the door to tweaks that might begin to reduce the Bank's emergency stimulus to the economy shortly.
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Market sessions

Tomasz Wisniewski

Daily analytical report (27/06/17)

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Silver, EURGBP, USDCAD
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Market sessions

Gabriel Ojimadu

Draghi gives a boost to euro bulls

On Tuesday, the common European currency has been appreciating across the market during the European session. Head of the ECB, Mario Draghi, talked about the Eurozone’s economic recovery at the institution’s annual forum on central banking. The euro shot up immediately against the dollar by 52 pips, reaching 1.1235. At the time of writing tis review, the euro is trading at 1.1270. A day earlier, Draghi had said that interest rates should be kept low in order to restore growth, but these comments didn’t cause any such violent reaction as we’ve witnessed today.
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Market sessions

Gabriel Ojimadu

EURUSD: price trading close to the balance line

Trading on the EURUSD pair closed down on Monday. Market volatility was high as US data was being published. The EURUSD pair jumped 39 pips on the news. US 10Y bond yields fell by 1.92% to 2.122%. Durable goods orders in the US were significantly lower than expected.
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26 June 2017

Media reviews

Tina Pham

Gold Plunges After 1.8 Million Ounces Were Traded in One Minute (News: 26/06/17)

Gold sank like a stone at 9 a.m. in London after a huge spike in volume in New York futures that traders said was probably the result of a "fat finger," or erroneous order.
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Market sessions

Gabriel Ojimadu

Single currency correcting after Friday’s rally

Euro bulls attempted to renew Friday’s high of 1.1209 as the European session opened today. This attack may have been boosted by the EURJPY. The Euro rose against the dollar before a strong IFO report on Germany.
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Trading ideas

Gabriel Ojimadu

Short-term trading idea FX AUDCAD – bull speculation: price to restore to 1.0327

Trading opportunities for the currency pair: The price has twice rebounded from the S1 line. Because of this, the Aussie dollar is expected to strengthen against its Canadian counterpart as far as the TL1 line with targets of 1.0211 (high point from the 7th of June) and 1.0327. This scenario will not play out if the daily candlestick closes below 0.9948.
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Trading ideas

Gabriel Ojimadu

Short-term trading idea FX EURGBP – bull speculation: strengthening Euro with a jump to 0.8652 expected

Trading opportunities for the currency pair: A W-model has formed on the weekly timeframe. Keep an eye on 0.9083 level. Cycles suggest a slide to 0.8652 by 10/07/17, followed by growth to 0.9081 by 15/08/17.
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Market sessions

Gabriel Ojimadu

EURUSD: Friday against Monday

Trading on the Euro closed up on Friday. The Euro appreciated against the US dollar and British pound during the New York session. The EURUSD rose to 1.1209 and the EURGBP rose to 0.8805. It was strange for me when the price jumped from 1.1162 for seemingly no reason. That is to say, before the news, buyers neutralized a bearish signal that had been 60% exhausted.
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