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Forex market reviews

06 October 2015

Media reviews

Natalya Indeeva

Aussie Gains After RBA Holds Rates Steady (News 06/10/15)

The Australian dollar stood out among major currencies on Tuesday, as a relaxed message from the country's central bank on threats to growth quelled speculation it would cut interest rates further this year.
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Commodities

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Alpari Analyst

USA Creates TPP

The conclusion of a six year negotiation has seen the USA, Australia, Brunei, Vietnam, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, Chile and Japan form a Trans-Pacific Partnership. The TTP is about creating a free trade zone in the Asia Pacific region, a region which accounts for roughly 40% of global GDP and around 30% of trade turnover.
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Commodities

Anna Kokoreva

Brent to Trade Around $49 per Barrel

Oil is down slightly on Tuesday. Brent on November contracts is trading in around $49 per barrel, with WTI just shy of $46 per barrel. A growth in the price has come from positive stats from Baker Hughes, whose data indicated a fall in operating extraction rigs for last week.
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Market sessions

Vladislav Antonov

Pound/Dollar Again Under Pressure

Weak UK PMI data for the service sector flipped the GBP/USD downwards. The day closed down. The daily candle is indicating a further fall. The bullish impulse has been extinguished. Due to the current situation, I’d say we’re going to see a renewal of the session minimum and a bounce to the LB on Tuesday.
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Market sessions

Vladislav Antonov

Euro/Dollar: Expected Session Minimum Renewal

On Monday the euro/dollar closed down. Despite weak ISM and PMI service indices, the USD was able to win back its losses. The payrolls came out before the service indices, so September’s ISM data didn’t really interest anyone.
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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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