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Forex Market Reviews

15 May 2015

Market sessions

Vladislav Antonov

Dollar Correcting Before Weekend

The upward trend on the GBP/USD and EUR/USD, which took its beginnings from the middle of April, is starting to show signs of weakness. The GBP/USD rate has fallen from its maximum of 1.5813 to 1.5715. The euro/dollar rate fell from 1.1444 to 1.1345. The pairs fell by 100 points from their last minimums but you can’t call that a turnaround.
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Market sessions

Vladislav Antonov

The Pound Could Renew its Maximum

Now the GBPUSD pair is trading around 1.5770.
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Market sessions

Vladislav Antonov

Eurobulls Holding Their Positions Above 1.14

On Thursday my euro expectations rang true. During the European session, the euro/dollar rate grew to 1.1444. At the American session it dropped to 1.1342, thereby fully correcting its ascent.
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14 May 2015

Market sessions

Analyst Contest participant

Alpari Analyst

Euro/Dollar Could Go to 1.15 Due to Weak US Statistics

The euro/dollar pair reached the 1.1382 level. Weak American statistics are undermining the dollar’s position and, in case of further disappointment with regards to manufacturing prices and unemployment benefits in the US, the pair could test the 1.15 level. In any case, at the moment we’re talking about a correctional movement on the dollar.
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Commodities

Anna Kokoreva

Brent Crude Trading in the $66-68.50 Range

Over the course of the day, the price of Brent will trade in the range of $66-68.50 and WTI will trade in a corridor of $59-61 a barrel.
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Market sessions

Vladislav Antonov

Eurobulls Set to Push Higher

On Wednesday the euro was weak until 15:30 EET. The Euro was under pressure after the release of German and European GDP data. Economic growth in the Eurozone and in Germany was lower than expected. The index for April US retail sales gifted strength back to the eurobulls. The euro/dollar rate grew by 150 points to 1.1382. After the close in Europe, the market began correcting itself.
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