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Forex market reviews

13 April 2015

Market sessions

Vladislav Antonov

Pound Drops On Chinese Data

The market declined to correct itself on Friday after the fall of the pound on Thursday. In Asia the GBPUSD jumped from the D3 to 1.4724. On the back of growth for the American dollar, the pound/dollar fell to the MA line D4 at the European session.
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Market sessions

Vladislav Antonov

Euro on Monday: Expect Correctional Movement

Last week the euro/dollar dropped 399 points (-3.62%) from 1.1002 to 1.0603. Pressure on the euro weakened towards the end of the day. Profit making on short-term short positions before the weekend offered support to the pair.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX AUDNZD – Bear Play: After Correction Await Fall To 0.97

Trading opportunities on currency pair: after the RBA left its base rate at 2.25%, the AUD/NZD rate rebounded from the 1.0022 minimum. Expect a renewal of Aussie sales from the 1.0300-1.0365 zones with a subsequent drop to 0.97. Forget about this idea if growth exceeds 1.045.
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Trading ideas

Vladislav Antonov

Medium-term Trading Idea: FX GBPCAD – Bear Speculation: Head & Shoulders Pattern Has Become Clearer

Trading opportunities on currency pair: the pound is vulnerable because of the uncertainty connected to the parliamentary elections and ambiguous macroeconomic statistics. Due to strong labor market data in Canada, the GBP/CAD dropped to 1.8382. I’m waiting for a fall to 1.8205, a consolidation during the week and then it may break through the trend line. The medium-term target will remain in the 1.7528/40 zone.
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Trading ideas

Vladislav Antonov

Medium-term Trading Idea: FX EURUSD – Bear Speculation

Trading opportunities on currency pair: the euro/dollar dropped 431 points (-3.91%) from 1.1034 to 1.0603. The risks are slanted in favor of a further fall for the euro. A renewal of the minimum at 1.0461 will shunt the pair to 1.0200. Taking correctional movements into account, the euro should reach parity with the US dollar by the end of November this year.
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06 April 2015

Market sessions

Vladislav Antonov

Eurodollar Trading Around its Friday Close

Due to it being Easter Monday in many European countries, Australia and New Zealand, the stock exchanges are closed. Forex market activity is low. Unpredictable currency fluctuations in any direction are possible under such conditions.
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Commodities

Anna Kokoreva

World Oil Prices Continue to Grow

Oil quotes grew on Monday morning after having fallen due to Iran’s agreement with the G6. Brent oil was trading in the $56.60 a barrel region and WTI with delivery in May was on offer for $50.70.
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Market sessions

Alexander Razuvaev

Greece: Default Postponed?

Greece’s Minister of Finance, Yanis Varoufakis, has assured the Managing Director of the International Monetary Fund, Christine Lagard, that the Greek government intends to fulfil all of its financial obligations.
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Market sessions

Vladislav Antonov

Eurodollar Breaks Daily Trend Line

On Friday the American dollar fell throughout the market. Easter celebrations in Europe and the US have affected market liquidity and the volatility of currency rates. On Friday the pound broke the trend line right on the hourly.
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Trading ideas

Vladislav Antonov

Medium-term Trading Idea FX AUD/CAD – Bear Speculation

Trading opportunities for currency pair: the AUD/CAD rate is nearing the trend line and 0.9410 limit. Taking into account the weakness of the Australian dollar due to a fall in the price of iron ore and expectations of a relaxation of monetary policy by the Reserve Bank of Australia, I expect the AUD?CAD to head south to 0.8977.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX GBP/AUD – Bull Speculation: Developing on Ideas from 30th March

Trading opportunities on currency pair: last week the pound quickly reached the forecasted level. Whilst the Australian currency is under pressure and between the AC and the price there’s no bear divergence, there’s a probability that the 2.0026 level will be tested. A drop in the rate below the 1.9250 marker will cancel out the prospects for growth.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX USD/CAD – Bear Speculation : Possibility of a Weekly Double Top

Trading opportunities on currency pair: on the weekly time frame a double top is forming. Weak NFP indicators became the signal for traders that the US Fed is not going to increase the base rate any time soon. Probably the limit zone of 1.2390 – 1.2350 won’t last. The target is 1.2012 (50% from a growth of 1.1190 to 1.2834). The rate’s return to 1.2650 will cancel out this scenario.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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