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Forex market reviews

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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08 July 2016

Media reviews

Natalya Indeeva

Euro zone growth 'to decelerate' after Brexit: IMF (News: 08/07/16)

The U.K.'s decision to leave the EU is expected to weigh on euro zone growth, the International Monetary Fund (IMF) said on Friday, lowering its growth forecasts for the 19-country region.
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Market sessions

Vadim Josub

Chinese Forex Reserves Up

By the end of June this year, the total remainder of Chinese foreign currency reserves stood at $3.21 trillion, with a MoM increase of $13.43 billion. Such was the data which was published on Thursday by the Chinese central bank. In the recalculation for the SDR (Special Drawing Right – an international reserve asset) by the IMF also saw a rise last month for Chinese currency reserves.
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Market sessions

Vladislav Antonov

Market Trying to Find Balance Point Before NFP

On Thursday the euro/dollar closed down. The price movements were similar to a sideways with a bearish tendency. The euro bulls made three attempts to break 1.1150 and all three were unsuccessful. The dollar strengthened after the release of US stats for the labour market which were better than expected. This data had real significance before the publication of the NFP. The euro/dollar fell to 1.1052.
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Our analysts

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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