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Forex market reviews

02 June 2016

Media reviews

Natalya Indeeva

Saudi Arabia’s Gesture for OPEC Unity Meets Iran Resistance (News: 02/06/16)

Saudi Arabia faced resistance from Iran to proposals to restore a production target scrapped at OPEC’s last meeting in December as persistent divisions within the producer group undermined efforts to build unity.
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Analyst Contest

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Analyst Contest participant

GBPUSD TECHNICAL ANALYSIS 2nd - 8th June 2016.

GBPUSD has been trading in a 1.47 - 1.43 range with these levels being key support and resistance throughout May. On 31st May the pair tested the 1.47 and dropped below 1.45.The 200 SMA (red line) is providing dynamic resistance at 1.47. The 100 SMA (blue line) has a support at 1.43 which has been holding.
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Market sessions

Vladislav Antonov

Euro Returns to 1.12 Before ECB Convenes

As the ECB meeting approaches the euro lifted to 1.12. The price returned back to 1.1150 twice during the American session after stats came out. However, the high demand for the euro in the crosses allowed the euro bulls to win back of the losses from the news.
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01 June 2016

Media reviews

Natalya Indeeva

Countries Must Spend to Escape ‘Low-Growth Trap,’ O.E.C.D. Says (News: 01/06/16)

The world economy is locked in a “low-growth trap” and will expand this year at its slowest pace since the financial crisis, the Organization for Economic Cooperation and Development said on Wednesday, urging governments to increase spending.
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Analyst Contest

Analyst Contest participant

Analyst Contest participant

AUS200 Update – Resistance Level Remains Almost Unchanged for Now

The timid break to the upside of the box range on the daily chart (orange rectangle) has not produced the expected results for the bulls.
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Market sessions

Vladislav Antonov

Expected Euro Fall to 1.1094 Before ECB Convenes

On Tuesday the daily candle closed with a pinbar. The fall of the GBP didn’t allow the euro bulls to strengthen above the trend line. By the end of trading, a false break in the trend line was fixed.
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