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Forex market reviews

15 August 2017

Media reviews

Tina Pham

Tina Pham

Forex - Dollar extends gains on upbeat U.S. retail sales data (news: 15/08/17)

Investing.com - The dollar extended gains against the other major currencies on Tuesday, helped by the release of upbeat U.S. retail sales data and as market sentiment continued to prove amid easing tensions between the U.S. and North Korea.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (15/08/17)

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Risk-On mode is back as we avoid a nuclear apocalypse. Today we look at how recent events have shaped risky and safe haven assets alike with a focus on SP500, gold and silver.
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Market sessions

Gabriel Ojimadu

## ojimadu name

The pound is falling after inflation data

In the European session, the US dollar is trading up against all the majors. Demand for the dollar surged on the back of a rise in US 10Y bond yields to 2.248%. The downwards movement on the euro/dollar and pound/dollar crosses has strengthened the dollar.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: dollar attacking on all fronts

Trading on the euro/dollar pair closed down on Monday. Sellers almost completely annulled Friday’s gains. The euro fell against the dollar to 1.1770, after which a phase of consolidation began. A growth in US bond yields provided support for the dollar, which was helped by a de-escalation in rhetoric from the US towards North Korea as well as demand for more risky assets. US 10Y bond yield rose to 2.228%.
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14 August 2017

Media reviews

Tina Pham

Tina Pham

Bitcoin soars to fresh record highs past $4,200 (news: 14/08/17)

Investing.com - The price of the digital currency Bitcoin rose above the $4,200 level on Monday for the first time in its nine-year history.
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Market sessions

Gabriel Ojimadu

## ojimadu name

Dollar recovering losses on all fronts

On Monday, during the European session, the US dollar corrected across the market on the back of a rise in US bond yields. US 10Y bonds grew by 1.21% to 2.223%. The euro/dollar rate fell to 1.1787 while the pound/dollar fell to 1.2963. The dollar’s recovery has been negative not only for the major currencies, but also for precious metals. Gold has fallen by 0.67% to 1280.80 USD.
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Trading ideas

Gabriel Ojimadu

## ojimadu name

Short-term trading idea FX GBPJPY – bull speculation: rebound from the trend line

Trading opportunities on the currency pair: On Friday, the 11th of August, trading on the GBPJPY pair closed around the TR3 trend line. In this idea, I’ll be looking at the possibility of an upwards rebound and a breakout of the resistance zone of 147.50 – 148.50 in a triangular formation.
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Trading ideas

Gabriel Ojimadu

## ojimadu name

Short-term trading idea FX USDJPY - bull speculation: possible rebound from the lower boundary of the C-C channel

Trading opportunities on the currency pair: Despite the rise in geopolitical tensions between the US and North Korea, some technical bullish signals are being seen on the US dollar. The lower boundary of the C-C channel and the 50% level have formed a strong support zone between 108.13 and 108.73. A double bullish divergence has formed between the price and the AC indicator. The daily candlestick on Friday closed with a doji. If the price starts to grow from its current level, should it break 109.90, this growth will continue to 111.05. I’m expecting to see a rebound from 108.13 with a target of 110.57.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: correction to the 45th degree

On Friday, trading on the euro/dollar pair closed up above 1.18. Before a sharp jump, the pair had fallen to the LB. The dollar fell across the market after US inflation data was published. Market participants took this slowdown in inflation growth to mean that a hike in interest rates this year has become less likely. On this news, the euro/dollar rate rose to the 1.1847 mark.
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