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Forex market reviews

28 March 2017

Media reviews

Tina Pham

Yen Quiet Ahead of Japanese Retail Sales (news: 28/03/17)

The Japanese yen has edged higher in the Tuesday session. In the North American session, USD/JPY is trading at 110.40. On the release front, today's highlight in the US is CB Consumer Confidence, which is expected to dip to 113.9 points. Japan will release Retail Sales, with the indicator expected to dip to 0.7%.
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Market sessions

Gabriel Ojimadu

EUR/USD: rebound from the trend line

Trading on the single currency closed up on Monday. Towards the end of the session, the Euro depreciated by 45 pips to 1.0861. The gap stayed closed, but after the correctional movement from 1.0906, a long shadow appeared on the candlestick.
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27 March 2017

Media reviews

Tina Pham

US dollar close to erasing Trumpflation gains

The dollar index, a barometer of investors’ reflation expectations for the US economy, fell on Monday to trade at its lowest level since the presidential election, signalling that the so-called Trump trade is nearing the point of being fully unwound.
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Market sessions

Gabriel Ojimadu

EUR/USD: 1.0815 level to act as support

The euro/dollar pair has closed the week up four times in a row now. On Friday, the dollar fell across the whole market as the proposed bill to dismantle Obamacare was withdrawn from Congress due to a lack of support from Republicans. The US media labeled the incident a political defeat for Donald Trump's administration while the opposition celebrated it as their own victory.
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Trading ideas

Gabriel Ojimadu

Short-term trading idea FX JPY/EUR - bull speculation: rebound from the trend line

On Friday, the exchange rate on this currency pair rebounded from the trend line and a bullish engulfing pattern appeared on the daily candlestick. The Stochastic (5,3,3) has reversed upwards in the buy zone. Taking these signals into account, I’m expecting to see some growth on the cross to 124.00. In order for this to come off, buyers need to break the 120.32 level on the hourly timeframe to open the way towards 121.15 level. This scenario will not play out if the daily candlestick closes below 118.50.
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Alexander Razuvaev
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