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Forex market reviews

02 February 2016

Media reviews

Natalya Indeeva

Currency Traders Struggle to Parlay Bad Volatility Into Profit (News:02/02/16)

Currency traders are getting whiplash from the pile-up of policy surprises that have come their way in the past six months. And because the big events have been unexpected, they’re struggling to translate rising volatility into bigger profits.
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Market sessions

Vladislav Antonov

Eurobulls Set to Pass 1.0950 Resistance

GBP trading on Tuesday is too volatile. The pound/dollar in Asia fell to 1.4378 from a 1.4444 maximum as part of a correctional recoil on the euro/pound. After business activity indices’ reports came out for construction in the UK, the pound weakened against the dollar to 1.4325. The correction against Monday totalled 100 points or around 38.2% (Fibonacci coefficient).
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Oil

What moves the price of oil? How do you decide when oil gets too expensive to buy or too cheap too sell? $10, $30, $100? In order to answer these questions we need to determine the true value of oil.
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Market sessions

Vladislav Antonov

Expected Test of 1.0930/40

The euro/dollar slid to the balance line by at 1.0885 by American opening on Monday. After varying US data came out, the euro strengthened to 1.0912 against the dollar. The PMI and ISM in the manufacturing sector were in different directions. The PMI was down and the ISM was in line with forecasts, but December’s value was reassessed downwards
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01 February 2016

Media reviews

Natalya Indeeva

Oil Fundamentals Indicate Weaker Prices Are Here To Stay (News: 01/02/16)

While many pundits are talking up the positive outlook for crude thanks to OPEC flagging its interest in coordinating production cuts, the looming bankruptcy of U.S. shale oil producers that cause U.S. shale oil output to fall off a cliff and planned economic stimulus to bolster demand the fundamentals still indicate that sharply weaker crude is here to stay.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX USD/JPY – Bull Speculation: Growth to 123.45 via Recoil to 120.20

Trading opportunities for currency pair: the Bank of Japan has brought in negative interest rates – minus 0.1%. The yen has weakened against the dollar by 290 points. If the stock markets aren’t swinging, we could see a growth in the pair to 123.45 after a rebound to 120.20. Further growth to cease with a close of the daily candle below 119.55.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX EUR/USD – Bull or Bear Speculation: Bounce or Break from the Trend Line

Trading opportunities for currency pair: the euro/dollar has slid to the trend line. From here we could see a bounce since Monday’s movements usually go against Friday’s. The bounce level will tell us how the sellers are set up. A growth to 1.0938 means we should prepare for a break through 1.0985 and then 1.1025. Expectations that the ECB will extend its program of easing monetary policy will put pressure on the euro until March. Due to this, a break of 1.0800 and a strengthening of the price under 1.0775 (daily candle’s close) means we should consider the euro falling all the way to 1.0630. A growth above 1.0886 will halt any fall.
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Alexander Razuvaev
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