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Forex market reviews

04 February 2015

Market sessions

Vladislav Antonov

British Pound Strengthens Against Dollar on Data for Business Activity

Trades in Europe involving euro/dollar and pound/dollar pairs are showing mixed trends. Despite decent info on growth of business activity in the service sector across various regions of the Eurozone, the euro rate dropped to 1.1434. The pound/dollar grew 57 points to 1.5210 after the release of the PMI report in the UK.
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02 February 2015

Trading ideas

Vladislav Antonov

Short-term Trading Idea: FX USDJPY – Bull speculation: retreat from the trend

Trading opportunities for currency pair:USD/JPY has been trading at 117.20 – 118.80 for the past few days. Expect a retreat from 117.30 with a 118.42 target. Even if sellers break through 116.85, after long consolidation and preservation measures by the Japanese Bank to deal with inflation, the bears will find themselves in the bull’s trap. This idea will be viable for three days.
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