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Forex market reviews

15 August 2016

Analyst Contest

Analyst Contest participant

Analyst Contest participant

AUD/JPY for week 15th August 2016 to 19th August 2016

If it is good news for the JPY it is possible that it will drop. Therefor the AUD/JPY will probably hit at least the first Resistance at 78.252. From there it could go all the way to the second resistance 79.001. For this week if the money drops the AUD/JPY can go long for a long time. On the other hand it can go short also.
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11 August 2016

Commodities

Natalia Milchakova

Market mixed, Chinese investment strong

The oil market on Wednesday saw the oil markets demise hasten. On 10th August, Brent fell 2.5%, dropping to $43.81 per barrel. On Thursday morning, the players are trying to push up prices, with $43.83 going for a barrel; a modest effort so far from the bulls. The reason for the fall on Wednesday was the data from the US showing a commercial oil reserve fall in the country of just 1.055 million barrels for the week, with the market expecting the fall to be no less than 1.4 million.
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Market sessions

Gabriel Ojimadu

Correction for euro

The euro/dollar on Wednesday reached 1.1190 thanks to purchases of the euro for the British pound after a failed BoE auction. The central bank didn’t manage to acquire enough long-term state bonds as part of its program.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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Vadim Iossub
Vadim Iossub

Senior Alpari analyst

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