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Forex market reviews

15 April 2015

Market sessions

Analyst Contest participant

Alpari Analyst

Chinese Economic Data Weaker and Weaker

A set of disappointing Chinese macroeconomic data was published today which was a shadow of expectations. Chinese GDP in the first quarter had grown by 7% on the same tune last year, but has slowed from the figure of 7.3% in the final quarter of last year. Growth in the industrial sector slowed to 5.6% and as such was the first time in history that Chinese industrial growth is below overall economic growth. Retail sales also grew weaker than expected: 10.2% YOY.
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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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