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Forex market reviews

18 November 2016

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (18/11/16)

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USD headlining along with precious metals.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EUR/USD: weekly support reached

On Thursday the euro/dollar fell from a session minimum of 1.0746 to 1.0620. The fall was 126 points and stopped near the 112th degree. The dollar rose after the release of strong data from the US and Yellen speaking before congress. The Fed chief said that the US economy is now showing persistent success and a tightening of monetary policy could be viable. Her announcement increased further the likelihood that the Fed will increase the interest rate at their December meeting. Additional pressure on the euro came from the sales of American and European bonds.
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17 November 2016

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (17/11/16)

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Yellen, WTI, EM currencies, Gold and EURUSD.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EUR/USD: expected jerking movement before Yellen speaks

On Wednesday the euro/dollar closed down. The double bottom that was forming was cancelled out during the European session after market participants began dumping American and European bonds. The yield for them was in the green zone until trade opening in the States.
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