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Forex market reviews

13 September 2018

Market sessions

Tomasz Wisniewski

Daily analytical report (13/09/18)

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EURGBP is on a horizontal support at 0.888, DAX is on the long-term neckline of the big H&S formation, and the right shoulder of the H&S formation is forming on WTI.
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Market sessions

Gabriel Ojimadu

EURUSD: The euro strengthened ahead of the ECB meeting

On Wednesday the 12th of September, trading on the euro closed up. The dollar was under pressure amid the strengthening of the Canadian dollar. Market participants reacted to officials' sentiment regarding the imminent conclusion of a new trilateral NAFTA free trade agreement between the US, Canada, and Mexico. In addition, US President Donald Trump said in the evening that negotiations with Canada were going well, and that Canada wants to conclude a new agreement. The euro recovered to 1.1650, after which the pair moved to the consolidation phase.
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12 September 2018

Media reviews

Tina Pham

Tech stocks weigh on Wall Street, energy stocks help cut losses (news: 12/09/18)

(Reuters) - The benchmark S&P 500 and the Dow Jones Industrial Average were flat on Wednesday, as gains in energy companies helped offset a slide in technology stocks, which weighed on the Nasdaq.
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Market sessions

Tomasz Wisniewski

Daily analytical report (12/09/18)

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EURUSD still cannot decide if it wants to go up or down, AUDJPY is in a very technical downwards trend, and SP500 is defending major supports, thus delaying the thought of a bigger correction.
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Market sessions

Gabriel Ojimadu

EURUSD: the sideways trend continues

On Tuesday the 11th of September, trading on the euro closed slightly up against the dollar. The pair initially rose to 1.1644 before dropping to 1.1565. As I see it, these fluctuations were more the result of technical factors than fundamentals. I reckon that market participants are looking to gain a foothold somewhere ahead of tomorrow’s ECB meeting.
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