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Forex market reviews

06 August 2018

Media reviews

Tina Pham

Sterling sinks to 11-month low after Fox says no-deal Brexit likely (news: 06/08/18)

LONDON (Reuters) - The pound sank to an 11-month low on Monday as comments by officials about Brexit stoked fears among currency investors that Britain could soon crash out of the European Union without securing a trade agreement.
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Trading ideas

Gabriel Ojimadu

Short-term trading idea FX NZDUSD – bull speculation: correction from the lower line of the 2-2 channel looks likely

There’s a familiar pattern on the weekly timeframe, by which we could see the Kiwi dollar start an upwards correction after the RBNZ meeting. If prices reverse along the same trajectory as the previous drop, the immediate target will then be 0.6990. This outcome is still on the cards as long as the pair is trading above 0.6660.
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Market sessions

Gabriel Ojimadu

EURUSD: risks have risen through the hour-long trend line

On Friday the 3rd of August, trading on the euro closed down. High volatility was observed in light of the publication of the the US labour market report.
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03 August 2018

Media reviews

Tina Pham

Stocks - Wall Street Flat After Jobs Data Miss (news: 03/08/18)

Investing.com - Wall Street was flat on Friday as investors weighed trade worries and the latest jobs data.
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Securities

Gabriel Ojimadu

Apple’s market cap hits 1 trillion USD

Over the last few weeks, the tech industry has been the centre of attention on the US stock market. Facebook and Twitter have both reported a 20% drop in their share price. At the same time, despite a weak quarterly report from Tesla (the company doubled its quarterly losses in Q2 to 717.5m USD), its share price still grew by 18% in the space of two days. Clearly, investors still believe in Elon Musk’s electric car revolution.
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Market sessions

Tomasz Wisniewski

Daily analytical report (03/08/18)

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Bitcoin failed to defend the support at 7,500 USD, the price is breaking the lower line of the symmetrical triangle on the NZDUSD pair, and NZDCAD broke the lower line of the triangle, as well as the long-term upwards trend line.
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Metals: gold and silver

Vadim Josub

Gold is showing unusual movement

Important events for traders are occurring literally before our eyes on the gold market.
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Market sessions

Gabriel Ojimadu

EURUSD: markets await NFP

On Thursday the 2nd of August, trading on the euro closed down. By the time trading closed, the euro had dropped to 1.1582 against the greenback. The euro’s decline was catalysed by the dollar’s universal rise following the conclusion of the FOMC meeting combined with the selloff of risky assets as tensions between the US and China over trade turned up another notch.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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Vadim Iossub
Vadim Iossub

Senior Alpari analyst

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