Alpari Fundamental reports


Fed's Powell says jobs market not too tight, repeats case for gradual rate hikes (news: 20/06/18)
(Reuters) - The U.S. jobs market does not appear overly tight and the Federal Reserve should continue with a gradual pace of interest rate rises amid a strong economy to balance its employment and inflation goals, Fed Chairman Jerome Powell said on Wednesday.



EURUSD: euro to drop towards the US session
On Tuesday the 19th of June, trading on the euro closed down. After an upwards correction to 1.1645, the euro slid to 1.1531 (-114 pips) during the European session. The greenback climbed across the board on the back of an escalation to trade dispute taking place between China and the US, piling further pressure on the EURUSD pair. Mario Draghi’s comments also weighed on the euro, although this news is playing second fiddle to the trade war. When the US session came around, the rate corrected to 1.1596.



Dollar holds gains as U.S. housing starts hit near 11-year high (news: 19/06/18)
The dollar remained close to an 11-month high against a basket of currencies on Tuesday as domestic housing starts jumped to near an 11-year peak in May, suggesting resilience in the real estate sector despite higher mortgage rates.



EURUSD: the euro’s situation is ambiguous
Since the euro’s collapse on Thursday during Mario Draghi’s press conference, the daily candlesticks have closed up two days in a row. At the beginning of yesterday’s European session, the euro slid to 1.1565. It then recovered to 1.1620 in the US session, and climbed higher to reach 1.1645 in today’s (Tuesday’s) Asian session. The market’s fluctuations yesterday occurred against the backdrop of an escalation in the trade dispute taking place between the US and China.



China's tariffs on U.S. oil would disrupt $1 billion monthly business (news: 18/06/18)
SINGAPORE (Reuters) - China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.



EURUSD: bears hold their ground at around 1.1625
In the first half of the trading day, the EURUSD pair has seen mixed dynamics. The declining euro crosses brought the rate down to 1.1565. As trading opened in London, it recovered to 1.1620. Here, most of the crosses went into positive territory. The bulls managed to push the price up and partially recover their losses after Thursday’s collapse.



Trade war pushes investors towards the dollar
Talk of a trade war between the US and China, which for some time remained dormant due to a detente in rhetoric, is once again in the foreground. Last Friday, US President Donald Trump announced the introduction of new import duties for Chinese goods totaling 50bn USD. It is already known that the plan to impose the tariffs will be implemented in two stages. The initial stage will begin on the 6th of July, and entails tariffs on 34bn USD in goods.



EURUSD: euro remains under pressure
On Friday the 15th of June, trading on the euro closed slightly up. After reaching a new low of 1.1543, prices recovered to 1.1627. The euro corrected on the back of technical factors, which came into play after the publication of mixed US data. The New York and Michigan indices exceeded expectations. Meanwhile, the industrial production index posted a decline.



Daily analytical report (15/06/18)
What a move! The USD took us for a rollercoaster ride and boy was it a good one!



EURUSD: Eurobulls disappointed by ECB meeting
In evening trading the EURUSD pair fell 2.4% after the ECB meeting and Draghi's statements during a press conference.



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Forex Market Updates: Strong US NFP

FOREX – US Dollar Keeps Steady Rise as North Korea Scare, Risk Sentiment Wane...

| September 12, 2017

FOREX – US Dollar Keeps Steady Rise as North Korea Scare, Risk Sentiment Wane The US currency maintained its ealier advance on Tuesday, after an unexpected recovery on the...

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| April 10, 2017

Nine months ago, Britain started shadowboxing with the EU when it voted to leave the EU in a historic referendum known as the Brexit. The period of shadow boxing...

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| April 22, 2015

Stock market Insiders sold the following NYSE stocks on Monday, April 20, 2015 Ameriprise Financial Services (NYSE: AMP) – Junek John Carl sold 1,341 NYSE stocks at $129.88. Best Buy...

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GBP/USD in a Bullish Breakout ahead of the BOE Inflation Report

Consolidation: The GBP/USD has been consolidating above the 1.4950-1.50 support area, which was the...

| February 11, 2015

Consolidation: The GBP/USD has been consolidating above the 1.4950-1.50 support area, which was the lows on the year so far, and maybe for a bit longer. I say that...

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AUD/USD - Trading the Aussie Employment Report

Backdrop: When we look at the 1H AUD/USD chart, we see a market that...

| February 10, 2015

Backdrop: When we look at the 1H AUD/USD chart, we see a market that is consolidating in a narrow range roughly between 0.7745 and 0.7875. Last week’s strong US...

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GBP/JPY Putting in a Price Bottom after the BoE Statement

Today, the Monetary Policy Committee (MPC) concluded its 2-day meeting and voted to hold...

| February 5, 2015

Today, the Monetary Policy Committee (MPC) concluded its 2-day meeting and voted to hold the overnight bank rate at its historic low of 0.50% and maintained the asset purchase...

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