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Forex market reviews

07 June 2016

Media reviews

Natalya Indeeva

Global Stocks Extend Gains, Supported by Higher Oil Prices (News: 07/06/2016)

Futures pointed to a 0.2% gain for the S&P 500, which closed Monday at its best level since November. Changes in futures markets don't necessarily reflect market moves after the opening bell.
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Market sessions

Vladislav Antonov

Fall in Euro; Fall in Volumes

The euro/dollar on Monday closed doji. This is a candle whose closing price is the same as that of the opening. A spike in volatility took place on the American session when Yellen spoke.
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06 June 2016

Media reviews

Natalya Indeeva

U.S. Stocks on Rise Ahead of Yellen Speech (News: 06/06/16)

Investors dialed back their expectations for an interest-rate increase this summer after a surprisingly weak U.S. jobs report on Friday. That marked a shift from recent weeks, when they had geared up for a rate rise following comments from Fed officials and minutes from the central bank’s last meeting.
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Market sessions

Vladislav Antonov

Monday Against Friday

On Friday we had a disappointing labour market report from the US. Job creation in the non-farming sector of the country increased in May by just 38k, whilst it was expected to rise by 160k.
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Trading ideas

Vladislav Antonov

Short-term FX EUR/CAD Trading Idea – Bull Speculation: Expected Rate Rise to 1.5077

Trading opportunities for currency pair: the EUR/CAD has restored to the upper limit of the “1-1” channel. Since the NZD/CAD has broken through the trend line on the daily time-frame and the EUR/CAD and NZD/CAD have a positive correlation, it’s highly likely that it could shoot to 1.5077. The target is by the upper limit of the “2-2” channel and the R3 resistance at 1.5077. It’s better to buy from a roll back to 1.4605 and a close of the daily candle above the “1-1” channel. In the first case the risks will be significantly lower since a stop will be needed to be put below 1.4434 or as a minimum below the lower limit of the “2-2” channel at 1.4510. Growth will be cancelled out by a close of the daily candle below 1.4510.
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Alexander Razuvaev
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