It's our 18th anniversary!

Forex Market Reviews

24 July 2017

Media reviews

## pham

IMF cuts 2017 growth forecasts for UK and US (news: 24/07/17)

The International Monetary Fund has cut its growth forecast for the UK economy this year after a weak performance in the first three months of 2017.
0

Market sessions

Gabriel Ojimadu

US dollar index trying to enter a correctional phase

The US currency was showing mixed dynamics on Monday. It’s fallen against the Aussie dollar, the Japanese yen, the British pound and the Canadian dollar, while appreciating against the Swiss franc, the single currency and kiwi dollar. Traders have struck a cautious tone today with Wednesday’s Fed meeting looming. According to the latest data from CME’s FedWatch, the probability of a 0.25% hike in interest rates is 3.1%.
0

Market sessions

Gabriel Ojimadu

EURUSD: time for a downwards correction

On Friday, trading on the euro/dollar pair closed up. Trading volumes were high, which was enough to hit a new 52-week high with an empty economic calendar. The euro/dollar rate rose to 1.1683.
0

Trading ideas

Gabriel Ojimadu

Short-term trading idea FX AUD/NZD – trading sideways: cross in a narrowing formation

Trading opportunities on the currency pair: A pin bar has formed on the weekly timeframe. Given that the pair has long been trading within a certain range for a while, it might not work out. Pin bars often fail to fully form, so let’s keep an eye on the current bar.
0
21 July 2017

Media reviews

## pham

FOREX-Euro rests near two-year highs vs dollar as more gains seen (news: 21/07/17)

LONDON (Reuters) - The euro held near a two-year high against the dollar on Friday as investors took the latest European Central Bank meeting as a sign that policymakers weren't greatly concerned about recent currency strength.
0

Market sessions

## wisniewski

Daily analytical report (21/07/17)

Loading...
Data can not be shown.
WTI oil, DAX, SP500
0

Market sessions

## wisniewski

Daily analytical report (20/07/17)

Loading...
Data can not be shown.
USD correction, GBPUSD, EURUSD, USDCAD
0

Market sessions

## wisniewski

Daily analytical report (19/07/17)

Loading...
Data can not be shown.
Euro, WTI oil, DAX, SP500
0

Market sessions

Gabriel Ojimadu

Euro bulls fail to break 1.17

On Friday the 21st of July, the euro/dollar pair rose to 1.1628 during the Asian session. As trading opened in Europe, traders hit a new daily high of 1.1677, beating yesterday’s 1.1659 maximum. It turned out that there weren’t any protective stop levels on short positions here. In the end, a sharp rebound from 0.8991 on the euro/pound cross forced buyers on our main pair down to 1.1636. The euro bulls were unable to break 1.17. It seems that short-term speculators have started cashing in on their positions in time for the weekend.
0

Market sessions

Gabriel Ojimadu

EURUSD: Draghi and Trump sink the dollar

On Thursday the 20th of July, trading on the euro/dollar pair closed up. By the end of the day, the euro had appreciated by 115 pips against the dollar, reaching 1.1630. The rate had dropped to 1.1479 before Mario Draghi’s press conference.
0

Choose a period:

Our Analysts

Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

Gabriel Ojimadu
Gabriel Ojimadu

Alpari analyst

Vadim Iossub
Vadim Iossub

Senior Alpari analyst

See all analysts
Back to top