Forex market reviews

Trading ideas

05:31 (GMT+3)

Short-term Trading Idea FX GBP/CAD – Bull Speculation: Expected Break in 2.032 Resistance

Trading opportunities for currency pair: due to oil prices falling, we should consider a break in the resistance after a bounce to 2.020. If the buyers pass 2.0335 on Monday, keep 2.0500 in your sights. The idea will be valid for just one week and will become invalid at any point if the four-hour candle closes below 2.0150. As things are at the moment:

Trading ideas

Vladislav Antonov

05:29 (GMT+3)

Short-term Trading Idea FX EUR/JPY – Bull Speculation: Renewal on a Pinbar

Trading opportunities for currency pair: after a gap in the morning, a pinbar formed at 131.30. As part of a correction, a growth to 133.21 can be expected. This idea’s lifetime is just one short week and will become invalid if we see a closing of above 130.64.

Trading ideas

Vladislav Antonov

05:28 (GMT+3)

Short-term Trading Idea FX USD/JPY – Bull Speculation: Development on Ideas from 26/10

Trading opportunities for currency pair: after a correctional movement, a growth for the dollar against the yen to 124.30/50 is expected due to Fed rate hike expectations for December.

Media reviews

Natalya Indeeva

15:48 (GMT+3)

Hawkish Fed Presidents Repeat Calls for FOMC to Raise Rates (News 13/11/15)

With Wall Street rattled by the prospects of higher interest rates, two Federal Reserve Bank Presidents argued loudly for a December rate hike during an event called 'Rethinking Monetary Policy,' held at the Cato Institute in Washington D.C. on Thursday. James Bullard, the President of the Federal Reserve Bank of St. Louis, said its time for liftoff. ‘I have been an advocate of ending the FOMC’s near zero nominal interest rate policy. My case is straightforward,' said Bullard during a speech.

Market sessions

Vladislav Antonov

09:25 (GMT+3)

Pound/Dollar: Expected Fall to 1.5145

On Thursday the pound/dollar was trading above the LB in a range of 70 points. In the first half of the day the rate dropped to 1.5173 and in the second it returned to 1.5240. It’s now at 1.5199. If European trading sees a break of the 1.5191 support (LB and trend), I’ll be expecting a weakening of the pound to the 67th degree at 1.5145 (technical signal without any fundamental news).

Market sessions

Vladislav Antonov

07:36 (GMT+3)

Euro/Dollar: Expected Fall to 1.0737 by Day’s End

On Thursday, trading of the euro/dollar closed up. Sharp fluctuations on the euro were caused by ECB president Draghi’s speech and by speeches from US Fed representatives. Draghi promised to reassess QE in December and the Fed speakers came out with conflicting words: they don’t know exactly when the US interest rate will be increased. Yellen kept her lips tight with regards to US monetary policy.