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Forex market reviews

28 March 2018

Media reviews

Tina Pham

China says North Korea's Kim pledged commitment to denuclearization (news: 28/03/18)

BEIJING/SEOUL (Reuters) - North Korean leader Kim Jong Un pledged his commitment to denuclearization and to meet U.S. officials, China said on Wednesday after his meeting with President Xi Jinping, who promised China would uphold friendship with its isolated neighbor.
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Market sessions

Gabriel Ojimadu

EURUSD: expecting the downwards correction to intensify to reach 1.2350

On Tuesday the 27th of March, trading on the EURUSD pair closed down. The euro retreated to 1.2373 against a broadly resurgent dollar. This growth for the dollar was largely down to technical factors as well as an easing in tensions over the trade dispute between the US and China.
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27 March 2018

Media reviews

Tina Pham

Euro zone sentiment falls in March, casting doubt on growth outlook (news: 27/03/18)

BRUSSELS (Reuters) - Economic sentiment in the 19-countries sharing the euro slipped for the third month in a row in March, data from the European Commission showed on Tuesday, suggesting economic growth in the bloc was not as steady as previously thought.
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Market sessions

Gabriel Ojimadu

EURUSD: symmetrical triangle on the hourly timeframe

On Monday the 26th of March, trading on the EURUSD pair closed up. The rally began during the European session with a rise in European stock indices and American futures. Investors got a boost from reports that the US and China have started trade negotiations. There’s been increased demand for riskier assets after shared optimism that the US and China will reach an agreement on their future trade relations. US stocks had risen 2.8% by the end of the day, while the euro made it to 1.2462 against the dollar.
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Alexander Razuvaev
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