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Forex market reviews

09 April 2019

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (09/04/19)

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USD started this week on the back foot. Monday was especially painful, but USD has continued to depreciate today. This can be explained in many ways. Some of them are funny like the one that EUR is gaining because of the fears surrounding the EU-US trade war (Airbus). What? Sometimes you read those headlines and you just cannot believe in those explanations. Anyway, let’s take a look at the three best trading occasions on the market right now.

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Market sessions

## anthony

Matthew Anthony

EURUSD: broadly weaker dollar is helping the euro

On Monday the 8th of April, trading on the euro closed up. The bulls initially broke through the resistance at 1.1240 with some help from the crosses. In the US session, this rise gathered pace to reach 1.1274. Traders are now waiting for a trade deal between China and the US to be finalised, as well as for results on a Brexit vote. The worst case scenarios have already been factored into the price. Long positions on the dollar are being closed ahead of the publication of the FOMC minutes for their March meeting.

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05 April 2019

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (05/04/19)

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Hello Friday! It’s crunch time for many trading signals as today we are about to finish another weekly candlestick. There are some instruments where last week’s candlestick brought us a proper signal and this week is all about the confirmation. One example of this is NZDCAD, which will be the first instrument in our short review.

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Market sessions

## anthony

Matthew Anthony

EURUSD: markets awaiting the labour market report

On Thursday the 4th of April, trading on the euro closed down. During the European session, the single currency dropped to 1.1231 against the greenback amid weak German and Italian data. Factory orders in Germany came out lower than expected, and Italy downgraded its economic growth forecast for 2019 to 0.3%, while increasing its budget deficit to around 2.3% of GDP.

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