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Forex Market Reviews

10 April 2017

Media reviews

## pham

The Zuma Effect – Rand goes from best to worst-performing currency in the world (news: 10/04/17)

Until a week ago, the rand was the world’s best-performing currency, according to Bloomberg. When President Jacob Zuma announced a reshuffle of his cabinet, replacing the minister and deputy ministers of finance, all of the gains made since the start of 2017 were obliterated.
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Market sessions

Gabriel Ojimadu

The Euro has stabilised around 1.0590 level

Trading in Europe on the single currency continues to find itself in a sideways trend. The EUR/USD pair has been unable to show any significant recovery from the Asian low of 1.0570. Interest in the single currency has all but faded as the rate approaches 1.0595.
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Trading ideas

Gabriel Ojimadu

Short-term trading idea FX GBP/USD - sideways trend: price trading in the middle of the range

This pair has been in a sideways trend for half a year (6 months or 128 trading days). Any news about a 'hard' Brexit has a negative influence on the British pound. The breakthrough of the minimum from the 7th of February has opened the way to the lower line of the "2-2" channel. The distance to the lower boundary of the channel at 1,2210 is 160 pips while the distance to the upper line at 1.2550 is 180 pips. If we don't experience an upwards bump today and the pound continues to slide, the it's better to think about selling.
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Market sessions

Gabriel Ojimadu

EUR/USD: Monday against Friday

Trading on the EUR/USD currency pair closed in the red on Friday. The Euro fell on the back of contradictory data from the US. In March, the US created twice fewer jobs than they had forecasted and the figures for January and February were revised downwards. At the same time, unemployment fell by 0.2% to 4.5%.
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07 April 2017

Market sessions

## wisniewski

Dailt analytical report (07/04/17)

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Gold, EURUSD, EURJPY
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Market sessions

Gabriel Ojimadu

EUR/USD: time to leave the 1.0630 - 1.0680 range

On Thursday, the EUR/USD closed down. The pair is still in a sideways trend, trading within a 50 pip range from 1.0630 to 1.0680. Movement is limited but very impulsive. Market volatility increases while statements from central bank representatives are being made.
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Alexander Razuvaev

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Gabriel Ojimadu

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