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Forex market reviews

07 February 2017

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (07/02/17)

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EURUSD, AUDUSD, silver, USDCHF, USDCAD
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (07/02/17)

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Market sessions

Gabriel Ojimadu

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EUR/USD: increased risk of the trend line being broken

At the end of Monday's trading, the EUR/USD rate closed in negative territory. During the American session, the rate rebounded from a minimum of 1.0705 up to 1.0755. I don't believe that there was any significant news behind this rebound. It was a standard correction after Friday's payrolls.
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06 February 2017

Media reviews

Tina Pham

Tina Pham

China Jan data to show slide in forex reserves slowing, inflation picking up (news: 06/02/17)

China is expected to report on Tuesday that foreign exchange reserves fell for the seventh straight month in January but at a much slower pace as authorities tightened controls on capital outflows and the surging U.S. dollar lost some steam.
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Market sessions

Gabriel Ojimadu

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EUR/USD: expected movement against US session

On Friday, trading on the euro after the NFP release ended in the green. The American dollar fell under pressure as traders focused their attention not on the jobs growth in January, but on the revised figures for November and December, which were reduced by 41,000, as well as a growth in unemployment to 4.8% and a lower than expected growth in average hourly earnings of 0.1% (0.3% had been forecasted). The ISM Business Activity Index for the service sector fell from 56.6 to 56.5, where a rise to 57.0 had been forecasted.
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Trading ideas

Vladislav Antonov

Vladislav Antonov

Short-term trading idea FX GBP/JPY bull speculation: forecasts predicting a V-model

Buyers were unable to break the TR2 trend line. Judging by the AO and AC (Bill Williams) indicators, there is a consensus that the rate will form a triangular pattern, coming out only in March. In such a case, the rate should fall to 132.27 JPY by 03/04/17. If the first half of this prognosis comes true, then from 132.27 JPY, the GBP rate should restore to around 144.6 JPY.
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