It's our 19th anniversary!

Forex market reviews

11 January 2017

Commodities

Gabriel Ojimadu

Copper quotes up 5% since the start of the year

Industrial metals have started 2017 with growth. Copper quotes are up 5% since the start of the year, rising to $5,760 per tonne. Nickel and aluminium have risen 4.5% to $10,480 and $1,750 per tonne respectively. Throughout 2013-2015, the prices for industrial metals stagnated, but in 2016 they grew steadily. Copper, nickel and lead rose 20% last year, with zinc and tin rising by over 50%. From November to December last year there was a small fixation of profits: light metals rebounded downwards.
0

Media reviews

Tina Pham

Banks forced to cover tracks of China's Forex regulator (news:11/01/17)

China's forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan's prospects to themselves, several bankers said.
0

Market sessions

Gabriel Ojimadu

EUR/USD: euro ready to return to 1.0610

On Tuesday the euro/dollar closed down. The weakening of the euro against the dollar was caused by a correctional phase for the euro/pound. The euro pound fell 98 points to 0.8665. The price corrected by 38.2% upwards from 0.8517 to 0.8763. The euro rate fell from a maximum of 1.0627 to 1.0556 (-71 points) against the dollar. In Asia the pair’s fall hastened to 1.0536.
0
10 January 2017

Media reviews

Tina Pham

Stocks mixed as Chinese inflation bump increases uncertainty (news: 10/01/17)

Higher prices could delay China's efforts to curb excess industrial capacity, while the central bank is still focused on curbing speculative pressures and mounting debt, David Qu and Raymond Yeung of ANZ said in a commentary. "Given slowing growth and uncertainties in the economy, such as exports and fixed asset investment, we do not think the central bank will start to tighten in the first half of 2017," they said. "However, high inflation rates will push market interest rates higher."
0

Market sessions

Tomasz Wisniewski

Daily analytical report (10/01/17)

Loading...
Data cannot be shown.
Brent, EURNZD, NZDUSD, EURGBP, AUDUSD and USDCAD.
0

Market sessions

Gabriel Ojimadu

EUR/USD: expected return to the LB

On Monday the euro/dollar closed up. The price revived from a 1.0511 minimum to 1.0583. The yield for US bonds had a negative effect on the rate, as did the correctional movement after Friday’s strengthening on the back of the NFP (Friday against Monday). It’s also worth noting that there was a growth in the euro/pound cross which offered support to the euro bulls over the course of the trading day. The pound suffered due to concerns about a hard Brexit.
0

Choose a period:

Our analysts

Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

## ojimadu name
## ojimadu name

## ojimadu position

Vadim Iossub
Vadim Iossub

Senior Alpari analyst

See all analysts
Back to top