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Forex market reviews

12 July 2016

Media reviews

Natalya Indeeva

Global stocks, sterling rally on stimulus hopes (News: 12/07/16)

European shares were on track for a fourth straight day of gains and the yen broke below its post-Brexit low on Tuesday as easing political tensions in Britain, stimulus hopes and a record high close for U.S. stocks boosted risk appetite.
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Market sessions

Vadim Josub

Stock markets continue rally

Yesterday’s rally across the stock markets was continued this morning in Asia. The Nikkei 225 rose by 2.8%. The ASX Australia was up 0.5%. The Shanghai Composite increased 0.3%, and the Hang Seng was up by 0.6%. Futures for the S&P500 were trading at 2131; close to the closing level of the previous trading day. If you haven’t already read, the DJI index reached historical maximums yesterday and the S&P500 updated them.
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Market sessions

Vladislav Antonov

Euro follows pound in strengthening against dollar

The euro on Monday closed up against the American dollar. Traders which opened short positions on the euro after the Brexit are starting to close them since they are tired of waiting for the currency to weaken. The GBP also began strengthening actively against the USD when it became clear that Theresa May is to take over David Cameron’s post of prime minister on 13th July.
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11 July 2016

Market sessions

Vadim Josub

Asian stock markets flying

The Nikkei 225 rose by 4.5%. The ASX Australia was up 1.7%. The Shanghai Composite increased a modest 0.1%, and the Hang Seng increased by 1.7%. Futures for the S&P500 were trading at 2129; 0.4% above the previous trading day.
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Trading ideas

Vladislav Antonov

Short-term trading idea FX NZD/CAD – bull speculation: expected growth after a bounce to the trend line

Trading opportunities for currency pair: the NZD/CAD is at the upper limit of the upward trend channel. It’s worth buying from the trend line with 0.9585-0.9663 targets. Example purchase level – 0.9345 (23.6% from 0.8693 to 0.9548). Growth to cancel with a break of the trend line (daily candle closes below this line.
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