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Forex market reviews

07 May 2015

Investment ideas

Leonid Matveev

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Investment Idea: Economic Data from China, the US and the Eurozone for the Past 2 Weeks

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The Chinese business activity index hasn’t seen a massive improvement in neither the manufacturing nor the service sector. On 28th April it was made common knowledge that the People’s Bank of China is planning a further relaxation of their monetary policy. This will allow Chinese banks to use state bonds from regional government as a kind of guarantee for 3 year loans lent by the central bank at low rates. This should provide for an increase in liquidity and the amount of credit available.
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Commodities

Anna Kokoreva

Anna Kokoreva

Brent Could Reach $70 Per Barrel by the End of the Week

Oil quotes this morning have shown a growth. Brent crude at 11:05 EET was trading at $67.86 a barrel and WTI with June delivery grew to $60.86 a barrel. By the end of Wednesday’s trading session in London, North Sea oil for June contracts closed the day at $67.42 a barrel.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Pound Set For Growth

The actual movement coincided with the tipping point of the forecast, but not at the amplitude of the fluctuations. After a fall to 1.5150, the pound/dollar recovered to 1.5289 on the back of the UK services PMI and ADP report.
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04 May 2015

Market sessions

Anna Bodrova

Anna Bodrova

Dollar Weakens Due to Weak US Statistics (27th April – 3rd May review)

The last week of April was one of reputable loss for the US dollar. The euro/dollar pair gained 3%, the Australian dollar grew by 0.3% against its US counterpart. The British pound sterling corrected after a sharp growth, falling by 0.3%.
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Commodities

Anna Bodrova

Anna Bodrova

World Oil Prices Have Fallen Due to Week Statistics from China

On Monday the price of energy fell insignificantly. A barrel of Brent crude now costs $67.22 (-0.10%) and the market believes a barrel of WTI to be worth $59.10 (-0.05%). During the Asian session, the fall in commodities’ prices was rather more significant as Chinese statistics disappointed investors.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Pound Trading at Lower Limit of MA Canal

The pound lost more than 2 figures on Friday. Its fall ended up sharper than I expected. This is what happens when the coming parliamentary elections (7th May) are ignored. Sales were triggered by British statistics.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Euro Retreats to Balance Line

My Friday expectations for the euro rang true. Although the euro renewed a maximum against the dollar, by the end of the day it closed in the red zone. The price returned to the LB balance line from the U3 line.
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Trading ideas

Vladislav Antonov

Vladislav Antonov

Short-term Trading Idea: FX AUDSGD – Bear Speculation: After a Correction a Break in the Support Expected

Trading opportunities for currency pair: the RBA isn’t happy with the overpriced Australian dollar and, with the low price for iron ore, it could lead to a reduction in the rates. If rates are dropped, I’m waiting for a fall in the Aussie dollar to 1.0076/64. If the rate heads above 1.0633, it won’t fall further.
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Trading ideas

Vladislav Antonov

Vladislav Antonov

Short-term Trading Idea: FX NZDJPY – Bear Speculation: Break in Trend Line Expected

Trading opportunities for currency pair: the NZD/USD rate has broken the trend line. Since the NZD/JPY and the NZD/USD have a high positive correlation, I expect the NZD/JPY to break its line and fall to 87.27. Scenarios for falling will be cancelled out at a close higher than 93.39.
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Trading ideas

Vladislav Antonov

Vladislav Antonov

Short-term Trading Idea: FX USDCAD – Bull Speculation: Trading on the Pinbar

Trading opportunities for currency pair: the dollar has rebounded from the 50% limit, the trend line and the lower limit of the channel. On the weekly a hammer or pinbar (reversed candle) has formed. If the dollar hastens after the correction, then consider the 1.2350-1.2400 region as something like a price zone.
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