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Forex market reviews

15 June 2015

Securities

Leonid Matveev

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Chinese Stock Market Surpasses 10 Trillion USD Mark

In recent times the economic growth that China has enjoyed for so long has slowed. This has become a hot topic among economists since China is the world’s second largest economy and the world’s largest energy consumer. Reports from Q1 of 2015 fixed Chinese GDP at 1.3%; worse than expected. As a yearly value, the economy is growing by 7%. Despite the worries, it’s worth noting that GDP in the country isn’t stagnating, but growing.
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Commodities

Anna Bodrova

Anna Bodrova

Brent to Trade Today Between $64.10-64.85 per Barrel

Oil prices are down. A barrel of Brent currently costs $64.62 (-0.2%). A Barrel of WTI is assessed by the market at $60.28 (-0.12%). All movements on energy prices are being dictated by technical factors for the moment. Other than this, a strengthening dollar is also putting pressure on oil prices.
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Trading ideas

Vladislav Antonov

Vladislav Antonov

Short-term Trading Idea FX USD/SEK – Bear Speculation: Correctional Movement to Fibonacci Level 38.2%

Trading opportunities on currency pair: the dollar rate has downed the May 8.1851 minimum. As part of a correction, there’s the possibility of a recoil to the 38.2% fibo level – 7.9051 (growth from 6.3231 to 8.8830). From 7.9051 it’s likely a new dollar rally will start.
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Trading ideas

Vladislav Antonov

Vladislav Antonov

Short-term Trading Idea FX EUR/CAD – Bear Speculation: Expected Fall to 1.3385

Trading opportunities on currency pair: the EUR/CAD has broken from the trend line. Whilst the rate is below the trend line, I will consider the euro’s fall. Due to renewed growth of oil quotes, I expect a fall to 1.3385.
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Trading ideas

Vladislav Antonov

Vladislav Antonov

Long-term Trading Idea FX EUR/NZD – Bull Speculation: Long-term Downward Trend Correction

Trading opportunities on currency pair: in the EUR/NZD cross a correction has strengthened after the Reserve Bank of New Zealand dropped its base rate by 0.25% to 3.25%. If the EUR/NZD rate strengthens above 1.6150, prepare for a global correction on the downward trend from 2.5796 to 1.3881. First target: 1.6693 (23.6%) and 1.8432 (38.2%). The Greek situation shouldn’t have any effect on this.
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12 June 2015

Commodities

Anna Bodrova

Anna Bodrova

Oil Quotes Seeing Moderate Fall

Oil prices on Friday are continuing to fall. A barrel of Brent is currently trading at $65.40 (-0.6%). A barrel of WTI now costs $60.73 (-0.8%). During today’s Asian session it was also down: the market is once again feeling the pressure of increased surplus of supply.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Pound/Dollar: Target – 1.5445

In the first half of Thursday the pound/dollar dropped to 1.5420. After the release of American statistics and a fall in the euro/pound cross, the pound/dollar recovered to 1.5533.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Eurodollar Risks Depart Under 1.12

On Thursday the euro/dollar rate dropped to 1.1181 after the publication of US retail sales data that was stronger than expected. This news gave the dollar an additional impulse for a growth that had been borne on the Asian session.
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