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Forex market reviews

19 April 2016

Media reviews

Natalya Indeeva

German Investor Optimism Rises to 2016 High as China Risk Abates (News: 19/04/16)

German investor confidence climbed for a second month, rising to the highest level this year, as concerns over China’s economy eased and the European Central Bank ramped up euro-area stimulus.
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Market sessions

Vladislav Antonov

Euro Corrects 38.2% to 1.1464 – 1.1233 Wave

Due to a restoral of oil prices and a weakening of the USD, the euro/dollar on Monday lifted to 1.1331. Trades ended at 1.1312. The oil market pretty much fully found a way to win back the morning’s losses following OPEC’s failed meeting in Doha. A rise in the price of oil was made possible by worker strikes in the oil industry in Kuwait. 13,000 people are protesting against a reduction in wages and social benefits. Kuwaiti oil production fell by 1.7 million barrels per day to 1.1 million barrels.
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18 April 2016

Media reviews

Natalya Indeeva

Confidence Among U.S. Homebuilders Little Changed in April (News: 18/04/16)

Confidence among U.S. homebuilders was little changed in April, indicating the housing market lacked momentum as the spring selling season got under way.
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Analyst Contest

Analyst Contest participant

Analyst Contest participant

NZD/USD: the Longer Term Price Action Analysis

Looking at the long term Semi Annual chart, chart1, we can notice a formation of a Megaphone pattern (points 1 to 5) where each Higher High is proceed by a Lower Low and vice versa.
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Market sessions

Vladislav Antonov

Expected Sideways for Euro

Economic data from the US on Friday was ambiguous, allowing the euro/dollar to rise to 1.1316. The New York business activity index exceeded expectations. The index for industrial production and the university of Michigan’s index were worse than expected.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX NZD/CAD – Bull Speculation: Double Bottom

Trading opportunities for currency pair: negotiations in Doha have collapsed. From trade opening on Monday, oil has fallen to $41 per barrel, the NZD is up to 0.8945 against its Canadian counterpart. A double bottom and bull divergence has formed on the daily graph, as has happened on 23rd March earlier this year. Based on these two signals, a strengthening of the NZD to 0.9056 and then to 0.9162 is expected.
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Alexander Razuvaev
Alexander Razuvaev

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