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Forex market reviews

06 August 2015

Market sessions

Analyst Contest participant

Alpari Analyst

Bank of England Intends to Increase Rates in First Half of 2016

The Bank of England convened and decided to keep their monetary policy unchanged. The results of the voting showed an 8-1 against an immediate rise.
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Commodities

Anna Bodrova

Brent to Trade $49.30-49.90 per Barrel

The technical picture for Brent is indicating a resistance at $49 and if this is broken the road to $45 will open up.
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Market sessions

Vladislav Antonov

Euro Still Trading at LB

Wednesday was a volatile one for the euro. Weak ADP saw the euro/dollar rise to 1.0933. Strong ISDM saw the euro return to 1.0849. After Europe’s close, the euro recovered to the LB.
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05 August 2015

Market sessions

Vladislav Antonov

Pound/Dollar Returns Yesterday’s Losses

The market is continuing its pressure build up before the Bank of England convenes and Friday’s publication of US labor market data. Comments made by Atlanta Federal Reserve chief, Lockhart, offered support to the USD yesterday. He announced that the Fed is ready to raise its base rate in the near future and that he himself will be voting for a hike at the next meeting on 17th September. By these remarks, Lockhart changed the balance of power on the market and piled more pressure on the euro.
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Commodities

Anna Bodrova

Brent to Trade $50.20-50.75 per Barrel with Positive Movements

On Wednesday the price of a barrel of Brent will be in a range of $50.20-50.75. Any further growth will need to have real reason behind it.
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Market sessions

Vladislav Antonov

Eurobulls Losing Control of the Situation

On Tuesday the euro/dollar traded by the LB all the way to market close. The euro dropped slightly after the release of the US’ managers’ purchases data which met expectations. After the close of the European session, the EUR/USD lost all of its gains from the first half of the day.
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Alexander Razuvaev
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