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Forex market reviews

09 June 2015

Market sessions

Analyst Contest participant

Alpari Analyst

Consumer Inflation Slows in China

According to data out today, the May CPI for China increased by 1.2% YOY and 1.5% MOM. Consumer inflation reached its lowest level for 4 months, allowing the central bank more room for further relaxation of monetary policy with a view to speed up the slowing economy. The numbers could convince the authorities to take more aggressive measures to stimulate the economy, in order to stave off a more wide scale fall in prices in the country.
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Market sessions

Vladislav Antonov

Pound Stopped By Trend Line

Due to a falling dollar and growing euro, the pound/dollar has renewed to 1.5363. The growth stopped around the U1 line under 112 degrees and under the daily trend line.
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Market sessions

Vladislav Antonov

Euro/Dollar Trading Way Off the Trend

Monday went against Friday. The sellers allowed the bulls to win back all of their losses which they had incurred after the release of a labor market report from the US. The euro/dollar completed a reversal northwards and renewed to 1.1330.
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08 June 2015

Market sessions

Analyst Contest participant

Alpari Analyst

Turkish Lira Falls to Record Low After Parliamentary Elections

The lira has sunk to a new low: 2.75 lira to the dollar. This drop was facilitated by the results from the Turkish parliamentary election on Sunday in which the AK Party failed to win a majority for the first time in 13 years.
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Commodities

Anna Kokoreva

Price of Brent Could Drop to 61 Dollars per Barrel

Oil quotes at the opening of this week have shown an insignificant rise. Brent crude at 10:40 EET was selling at $62.99, whilst WTI with July delivery was trading at $58.75 per barrel. At last week’s close, North Sea oil on July contracts was trading at $63.19 a barrel and the price of light crude was $58.93 per barrel.
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Trading ideas

Vladislav Antonov

Long-term Trading Idea FX NZD/CAD – Bear Speculation: Possible Break in Trend Line

Trading opportunity on currency pair: NZD/CAD rate has neared the trend line. According to the double top there’s the likelihood that the trend line will be broken. If the sellers are not able to strengthen below 0.8610, the NZD will take the rate southbound to 0.7946. This target is expected to be achieved by the end of the year. Minus the New Zealand dollar sales against the Canadian: a negative swap (-6.92 dollars per lot). If there’s a rebound it’ll be more worthwhile buying NZD.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX GBP/CAD – Bear Speculation: Expecting a Break in the Support

Trading opportunities for currency pair: on Friday the GBP/CAD rate covered the growth for the week. Reverse candles are forming on the weekly graph. If pressure on the pound increases and the 1.8950 support is broken, I suggest looking at 1.8682 as a target level. The idea will cease to be valid after a growth higher than 1.9119.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX AUD/CAD – Bear Speculation: Expecting a Break in the 0.94 Support

Trading opportunities for currency pair: the Canadian dollar received support from strong labor market data and growing price of oil. The AUD/CAD has inched closer to the support. The weekly indicators are in the neutral zone, so there’s a chance of passing the support and shifting to the lower limit of canal A.
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