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Forex market reviews

06 March 2018

Media reviews

Tina Pham

Stocks- North Korea Talks, Tariff Resistance Lifts Wall Street (news: 06/03/18)

Investing.com – Wall Street rose on Tuesday as potential talks between North Korea and the U.S. and global resistance to proposed metal tariffs boosted investor confidence.
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Market sessions

Tomasz Wisniewski

Daily analytical report (06/03/18)

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With global stock still trying to recover from the recent turmoil, we look at the situations on the FTSE and DAX. We will also take a look at something from the Forex market as we assess the situation on the GBPJPY currency pair.
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Market sessions

Gabriel Ojimadu

EURUSD: sideways movement below 1.2360 continues

On Monday the 5th of March, trading on the euro closed slightly up. The single currency recovered to 1.2349 after having dropped to 1.2269. The dollar has yet to readjust since the introduction by the US of aluminium and steel import tariffs, so the euro bulls, smelling weakness, have quickly seized the initiative.
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05 March 2018

Media reviews

Tina Pham

Euro stumbles as Italian election stokes political uncertainty (news: 05/03/18)

LONDON (Reuters) - The euro edged up from the day’s lows but remained weaker on Monday as an inconclusive election in Italy pointed to prolonged political uncertainty after right-wing and eurosceptic parties did better than expected.
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Trading ideas

Gabriel Ojimadu

Short-term trading idea Brent Oil - looking down: 50% downwards correction expected

Trading opportunities: Since hitting a high of 67.70 USD, the market has transitioned into a phase of downwards movement. Cycles and calculations suggest that the drop from the 13th of February isn't complete. I reckon that this downwards correction will continue through the 11th of April and stop at around 57.80 USD (50% of the growth from 44.34 to 71.25). We expect to see 2 upwards corrections over the course of the next 40 days. If the daily bar closes above 67.86 (high from 26/02/18), the case for a drop will disappear.
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Trading ideas

Gabriel Ojimadu

Short-term trading idea FX GBPCAD – looking up: W-model on the cards

Trading opportunities on the currency pair: On the back of declining oil prices, I’m expecting to see the formation of a W-model with targets of 1.8428 and 1.9150. Buyers may retreat to 1.7436 before breaking through May's high (23% of the growth from 1.5837 to 1.7930) to provide themselves with a springboard to push higher. The case for growth will disappear if the weekly bar closes below the A-A channel.
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Market sessions

Gabriel Ojimadu

EURUSD: euro drops in response to Italian election results

On Thursday the 1st of March, trading on the EURUSD currency pair once again closed up. The dollar remained under pressure from the introduction of steel and aluminium tariffs. The US’s trading partners have stated that they may in turn implement their own protective countermeasures.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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