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Forex market reviews

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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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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15 April 2016

Media reviews

Natalya Indeeva

China Central Bank Sold $22.3B of Forex in March (News: 15/04/16)

China's central bank sold 144.8 billion yuan ($22.3 billion) of foreign exchange in March, according to a calculation by The Wall Street Journal based on central bank data released Friday.
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Market sessions

Vladislav Antonov

Euro/Dollar Stabilised at 1.1260

On Thursday the euro/dollar was touching the support at around 1.1233. Bouncing off the 135th gradient, the euro at one moment rose to 1.1294 after the Bank of England convened. The euro bulls were stopped going further by the US stats. So they had to drop to 1.1260. The euro is trading at this level now. The Asian participants even ignored the Chinese stats this morning. It’s possible that the news will have its effect later on.
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Alexander Razuvaev
Alexander Razuvaev

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