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Forex market reviews

30 May 2016

Media reviews

Natalya Indeeva

That Rate Rise Is Coming: Fed's Bullard Says Everyone Seems Prepared (News: 30/05/16)

“My sense is that markets are well-prepared for a possible rate increase globally, and that this is not too surprising given our liftoff from December and the policy of the committee which has been to try to normalize rates slowly and gradually over time,” Bullard told a news conference after speaking at an academic conference in Seoul.
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Market sessions

Vladislav Antonov

Expected Movement Against Friday

On Friday the euro weakened against the dollar after Yellen spoke. The Fed chief hinted that the interest rates will be put up in the coming months. According to data from CME Group FedWatch, futures for the rate’s likelihood of being increased in June didn’t change on Friday; reaming at 28%. However, for July this increased to 61%. By trading close, the euro/dollar renewed its month’s minimum, dropping to 1.1109. In Asia the euro fell to 1.1097.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX GBP/JPY – Bull Speculation: Strengthening as Part of Upward Channel

Trading opportunities for currency pair: since 6th May a bull trend has been forming on the cross. The rate is rising via a complex formation with 28 and 33 bar periods. A break through the 162.50-162.80 resistance zone is expected after 31st May. The targets for the buyers according to the upper limits of the channels are 163.85 and 165.09.
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27 May 2016

Media reviews

Natalya Indeeva

U.S. Economy Grew Faster in First Quarter Than Previously Thought (News: 27/05/16)

The economy grew at an annual rate of 0.8 percent in the first quarter of 2016, a slightly more robust pace than initially thought but still weaker than what many experts — not to mention ordinary workers — would like to see as the recovery enters its eighth year.
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Market sessions

Vladislav Antonov

Expected Movement in 1.1175 – 1.1215 Range for Euro

The euro bulls on Thursday tried to strengthen above the trend line and 1.1190 resistance several times but couldn’t manage it. The price constantly bounced back to 1.1165. After US stats came out, the euro/dollar upped it to 1.1216.
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