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Forex market reviews

05 February 2016

Media reviews

Natalya Indeeva

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U.S. Economy Added 151,000 Jobs in January; Unemployment at 4.9% (News: 05/02/16)

American employers eased up on the gas last month, but still added jobs at a healthy enough pace to help calm fears that the economy is on the verge of falling into a recession.
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Market sessions

Analyst Contest participant

Alpari Analyst

RBA Drops Inflation Forecasts

The BoE convened yesterday and kept their monetary policy unchanged. However, the way the voting went was different with Ian McCafferty changing his stance and joining the rest of the MPC in voting for things to stay the same. This says something about how the Bank is not yet ready to follow their American counterparts. The governor of the Bank of England, Mark Carney, announced that there is no reason to increase rates for the meantime. The MPC decision was taken taking the current worsening of external market factors and high financial market volatility into account.
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Analyst Contest

Analyst Contest participant

Analyst Contest participant

EUR/JPY

On the weekly chart there is a triangle pattern unfolding. The upper boundary of triangle which is also an indication of a down trend occurring since 2008 and well resistance for price movement. If you look at the daily chart, you can clearly see a bearish channel and how price reacting to those lines. In order to mark the end of this current down trend channel we need to see that price go beyond the upper line of channel and close above it.
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Market sessions

Vladislav Antonov

Vladislav Antonov

EUR/USD: Market Lying in Wait for NFP

The euro was up against the dollar on Thursday, having past 1.1200. The BoE and weak US stats had a positive effect on the price of the euro.
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04 February 2016

Media reviews

Natalya Indeeva

## indeeva name

Emerging Currencies Rally as Dollar Selloff Buoys Risk Appetite (News: 04/02/16)

Emerging-market currencies headed for the biggest two-day advance since March as a slowdown in U.S. services expansion spurred speculation the Federal Reserve will delay raising interest rates. Gains in stocks were led by energy producers.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Pound Down After BoE Minutes

The dollar continues to weaken on Thursday. The euro/dollar reached 1.1183 and the pound/dollar hit 1.4665. Pressure on the dollar is up after Dudley’s announcement yesterday and the disappointing PMIs from Markit and ISM.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Euro Correction Expected After Break in Trend Line

In mid-December the euro bulls didn’t manage to strengthen above 1.10. Now they are in jubilation on part of New York Fed chief Dudley who helped them pass the important technical levels and pop the stops off the sellers’ short positions.
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