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Forex market reviews

28 February 2017

Media reviews

Tina Pham

Tina Pham

China shuts down $7.3bn illegal forex operation (news: 28/02/17)

China said it has broken up an underground banking operation that conducted $7.3 billion in illegal foreign-currency transfers, trumpeting the bust as a sign of its resolve in stemming massive capital flight.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (28/02/17)

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Oil, USDJPY, EURAUD, gold and silver, EURUSD
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Market sessions

Gabriel Ojimadu

## ojimadu name

EUR/USD: rate may return to 1.0620 before Trump's address

The euro closed slightly up after trading on Monday. The single currency appreciated against the dollar to 1.0631 following a rise on the EUR/GBP cross and increased 10-year German bond yields.
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27 February 2017

Media reviews

Tina Pham

Tina Pham

Looming Trump Speech Keeps Traders Guessing (news: 27/02/17)

The US Dollar was able to gain some traction against the Japanese Yen and pulled away from the recently struck 2 ½ week trough but remains under pressure generally ahead of President Trump’s policy address before the US Congress tomorrow. Analysts believe that this will finally shed some light on Trump’s economic plans, especially as it relates to tax reform and infrastructure spending. What is of major concern is whether or not Trump will provide specific details and timelines. If his plans seem too vague or without an execution plan, it could likely weigh on the greenback.
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Trading ideas

Gabriel Ojimadu

## ojimadu name

Short-term trading ideas FX AUD/USD - a lowering game: retreat from the upper boundary of the A-A channel

On the weekly chart, a doji and a bearish signal have formed on the Stochastic oscillator. On the daily chart, a double top has formed. Moreover, there is a bearish divergence on the AO and CCI indicators. In this idea, I'm envisaging a fall in the rate to the trend line at 0.7480 by the 27-29th of March 2017. If this fall gathers pace and the rate closes below the trend line, then we might see a slide to 0.7262. It would be prudent to rule out such a fall if the daily candle closes above 0.7790.
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Trading ideas

Gabriel Ojimadu

## ojimadu name

Short-term trading ideas FX EUR/GBP - a lowering game: awaiting polling data for French presidential candidates

On Friday, trading on the euro closed up. According to cycles, the rate should restore to around the 0.8600 mark. A CCI level of -100, as well as the intersection of the slow and fast lines on the Stochastic oscillator, should facilitate a strengthening of the euro against the pound. Polling data for the French presidential candidates remains the main driver for the single currency.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EUR/USD: fall to 1.0541 expected by the end of the day

On Friday, trading on the euro closed in the red. Trading in Europe saw a renewed maximum for the euro before falling back against the dollar after the release of favourable statistics to the US. Data about consumer confidence for February and home retail sales for January exceeded market expectations. On the back of this news, the EUR/USD rate slid from 1.0618 to 1.0557.
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