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Forex market reviews

09 July 2015

Commodities

Anna Kokoreva

Brent Could Hit $56 per Barrel Today

Thursday’s oil quotes continue to correct after a fall at the start of the week. Brent oil at 10:35 EET was trading at the $57.69 per barrel. The price of WTI with August delivery is $52.44 a barrel. By yesterday’s close, North Sea oil on August contracts was trading at $57.25 per barrel, whilst light crude was going for $51.77 a barrel.
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Market sessions

Alexander Razuvaev

BRICs Discuss 2020 Development Strategy

At summit in Russia today, the BRICs countries’ leaders met to discuss opportunities to strengthen industrial and financial cooperation between them. Russian, Chinese, Brazilian, Indian and representatives from South Africa also convened to discuss the launching of a new development bank. Plans for the countries to implement a strategy of economic partnership until 2020 are being formulated.
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Market sessions

Vladislav Antonov

Pound Returns to LB

My expectations regarding a return for the pound to the LB didn’t come true. Due to a growth on the euro/pound cross, the UK pound fell to the D3 (1.5329). Only now is it starting to show signs of a recovery.
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08 July 2015

Commodities

Anna Kokoreva

Brent Oil Testing the $55 per Barrel Mark

Wednesday’s oil quotes continue to fall. Brent oil at 12:15 EET was trading at the $56.52 mark per barrel. The price of WTI with August delivery is $51.98. By yesterday’s close, North Sea oil on August contracts was trading at $57.34 per barrel, whilst light crude was going for $52.89 a barrel.
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Market sessions

Vladislav Antonov

Pound Reaching For the Support Around 1.54

The pound is continuing to surprise me. Greece and the troika are messing with trader’s minds and the pound is falling even with positive statistics coming out of the UK. I don’t see any logic in the pound’s behavior.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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Vadim Iossub
Vadim Iossub

Senior Alpari analyst

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