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Forex market reviews

05 October 2015

Media reviews

Natalya Indeeva

Slowest UK Services Growth in Over 2-Years sees British Pound (GBP) Exchange Rate Dive (News 05/10/15)

Against the majority of its most traded currency rivals, the British Pound declined in the first half of Monday’s European session. The Pound Sterling exchange rate dived by around -0.5% against the Euro, Australian Dollar and Canadian Dollar. Against the New Zealand Dollar the Pound softened by around -0.9%, but the British asset gained by just 0.2% against the US Dollar and 0.4% against the Japanese Yen.
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Commodities

Anna Kokoreva

Brent to Trade $47-50 per Barrel Till week’s End

Oil is up at the start of the week, however the fluctuation range is still quite narrow. Brent on November contracts is trading in a $48-$49 per barrel range, with WTI at $45-46 per barrel. Support for the quotes has come from a decrease in extraction rigs in the US, as shown by data from Baker Hughes. According to data from the company, rigs in operation fell by 29 to 809 in the week ending 2nd October; this is a 1113 fall for the year so far with oil extraction rig numbers falling by another 26 last week to 614. The number of gas rigs saw a fall of 2 to 195.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX USD/NOK Bear Speculation: Expected Dollar Fall to 8.11

Trading opportunities for currency pair: after a weak NFP, the likelihood of a drop in the US base rate this year has become all the more unlikely. Oil extraction is continuing to fall with the low oil prices. The conditions for a dollar correction to 8.11 are there.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX/NZD – Bull and Bear Speculation: Recoil from Support and Sales on the Bounce

Trading opportunities for currency pair: the AUD/NZD has returned to the support. Some important events for this cross are planned for Tuesday and these events will decide whether the price will return to 1.13 or not. For the moment I’m waiting for a rebound to 1.1075. I’ve come up with a few different scenarios.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX GBP/NZD – Bear Speculation: Development on Ideas from 28/09/15

Trading opportunities for currency pair: the 2.3378 and 2.2820 targets are still on the cards according to the downward channel. The first target is 21st August’s minimum and the second is the lower limit of the channel and 10th July’s minimum zone.
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02 October 2015

Media reviews

Natalya Indeeva

US economy adds only 142,000 jobs, raising doubts about interest rate rise (News 02/10/15)

Payrolls outside of farming rose by 142,000 last month and August figures were revised sharply lower to show only 136,000 jobs added in August, Labor Department says.
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Commodities

Alexander Razuvaev

Iranian Involvement in Ground Operations in Middle East Won’t Affect Oil Prices

According to Reuters, joint operations conducted by Iran and Syria will be undertaken in coordination with aerial assaults from Russia against terrorist groups. According to the agency’s sources, Iran’s joining of the coalition has already seen troops on the ground in Syria in preparation to combat IS forces.
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Market sessions

Vladislav Antonov

Euro/Dollar: Price Returned to LB before NFP

On Thursday the euro/dollar closed up. Weak Eurozone stats saw the euro renewed its minimum and then returned to the LB after weak US stats came out. Unemployment benefits in the US were up and the ISD business activeness index was down.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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Vadim Iossub
Vadim Iossub

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