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Forex market reviews

07 March 2017

Media reviews

Tina Pham

Euro Pressured by Political Risk (news: 07/03/17)

The Euro found itself under renewed selling pressure during trading on Monday following reports of former Prime Minister Alain Juppe confirming that he was not ready to run in the French presidential election. Markets simply acknowledged this fresh development as potentially heightening the chances of Marine Le Pen winning the elections which consequently exposed the Euro to further downside losses on Tuesday. Sentiment remains firmly bearish towards the Euro moving forward and the growing threat of a possible "Frexit" challenging the future of the European Union should limit future gains.
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Market sessions

Tomasz Wisniewski

Daily analytical report (07/03/17)

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EURUSD, EURJPY, Silver, Brent oil, AUDNZD
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Market sessions

Gabriel Ojimadu

EUR/USD: weakening trend continues

On Monday, trading on the euro closed down. After an unsuccessful attempt by buyers to take the price above 1.0630, the euro fell against the dollar to 1.0575. A touch of volatility was to be found during the day yesterday as news came in from France. Ex-Prime Minister Alain Juppe ruled out taking part in the French presidential elections.
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06 March 2017

Media reviews

Tina Pham

Euro falls as France's Juppe rules out presidential bid

The euro fell on Monday after former French prime minister Alain Juppe ruled out standing in the country's presidential elections, which investors saw as increasing the likelihood of a victory by anti-EU leader Marine Le Pen.
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Market sessions

Gabriel Ojimadu

Fed rate hike: to be or not to be?

Last week was marked by a U-turn in expectations regarding the timing of a rate hike by the US Fed. Based on futures quotes, the probability of a rate hike in March has risen over the course of a week from 40% to 80%.
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Market sessions

Gabriel Ojimadu

Dollar recovering its losses

During today's European session, the dollar is recovering its Friday losses, incurred on the back of Janet Yellen's comments. The GBP/USD rate has fallen from 1.2300 to 1.2248.
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Trading ideas

Gabriel Ojimadu

Short-term trading idea: FX NZDJPY - a lowering game: support broken through at ¥80.45

On Friday, buyers gained a foothold under the minimum 80.45 from 23/02/16. A double top offers a good opportunity for taking a short position. The target for this forecast is ¥78.41 (61.8% from the range ¥80.45 - ¥83.81). I'm allowing for a fall in the NZD/JPY rate to the TR trend line at ¥78. This fall will not happen if the upper boundary of the A-A channel is broken through.
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Market sessions

Gabriel Ojimadu

EUR/USD: Monday vs Friday

Friday's trading on the euro closed in the green. The EUR/USD rate restored from a minimum of 1.0495 to 1.0623 (+128 pips). This began as a correctional movement against the euro's weakening over the previous two days. In Europe, the euro strengthened against the dollar to 1.0573, and after Janet Yellen's speech, to 1.0623.
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Alexander Razuvaev
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Director of Alpari's analytical department

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