Alpari Fundamental reports


US dollar trading down in Europe
As trading opened in Europe today, Euro bulls took advantage of the weak dollar to reach a new intraday high. The dollar was falling across the whole market at the time, so I don’t think that the Euro’s growth can be attributed to European data. The data released was not significant enough to cause that kind of volatility on the market.



EURUSD: Euro has stalled around 1.1140
On Thursday, trading on the EURUSD pair closed down. The Euro fell against the dollar, but it was a reluctant retreat. US 10Y bond yields didn’t manage to consolidate above 2.166% and fell to 2.145%. In the end, the price rebounded from 1.1139 and returned to 1.1155.



U.S. Stocks Mixed as Oil Stabilizes, Dollar Slips: Markets Wrap (News: 22/06/17)
U.S. stocks sought to rebound from two days of losses as the bear market in crude prices showed signs of spilling into the broader market even as oil stabilized. The dollar stayed lower as U.S. jobless claims came in slightly above expectations, while gold advanced.



Euro caught at 1.1167
Trading on the Forex market has been going relatively peacefully this Thursday. The EURUSD pair is trading in a 23-pip range with a median price of 1.1165 and the GBPUSD pair is trading within a 32-pip range with a median price of 1.2670. Given that there hasn’t been any significant data from Europe, the main driver of price changes has been the dynamics of US bonds. As of the time of writing, US 10Y bond yields have risen from 2.145% to 2.169%.



Daily analytical report (22/06/17)
Commodities, Gold, Silver, EURJPY



India plans to legalise bitcoin: who’s next?
After its growth yesterday, the bitcoin corrected downwards. Today, we’re seeing consolidation on the BTCUSD instrument in the region of 2620-2640. The driver for growth at the beginning of the week was the decision by India’s Inter-Disciplinary Committee to come up with a regulatory framework for the bitcoin market. A special team will be put together for the drafting of statutory acts. It’s perfectly possible that Delhi could legalise bitcoin within a matter of months. Cryptocurrencies are popular among Indians given the volatility of the rupee and the controversial monetary reforms of 2016. On Indian electronic platforms (Zebpay, Coinsecure and Unocoin), more than 10% of transactions are made in bitcoin and mining is becoming ever more popular.



EURUSD: correctional movement following same path as on the 15th of June
The EURUSD pair closed up at the end of Wednesday’s trading. The price has returned below the trend line, which was broken through on the 20th of June. This was brought about by the impact of Andy Haldane’s speech, chief economist at the Bank of England, as well as by US bond yields and US data. The pair spent most of the day in a sideways trend, trading within a 30-pip range.



Pound jumps after BoE's Haldane speech, commodity currencies dip (News: 21/06/17)
The pound jumped on Wednesday after a Bank of England policymaker said he expected to back an interest rate hike this year while commodity-linked currencies such as the Canadian dollar and Norwegian crown took a hit on declining oil prices.



Daily analytical report (21/06/17)
USD, Cable (GBPUSD), USDCAD, USDMXN



Sterling given a boost during BoE MPC member Haldane’s speech
During trading in Europe, the British pound is once again the centre of attention due to increased volatility. The GBPUSD pair has fallen by 45 pips to 1.2590, hitting a new weekly low, from which it subsequently shot up by 113 pips to 1.2708. The Euro rate is being kept at 1.1147 level due to the EURGBP cross falling.



Nine months ago, Britain started shadowboxing with the EU when it voted to leave...

| 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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Stock market Insiders sold the following NYSE stocks on Monday, April 20, 2015 Ameriprise Financial...

| 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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AUD/NZD Continuing its Uptrend after the RBNZ Statement

The Reserve Bank of New Zealand (RBNZ) held its official cash rate at 3.50%....

| January 28, 2015

The Reserve Bank of New Zealand (RBNZ) held its official cash rate at 3.50%. It has been holding the key interest rate here for the 5th time, with some...

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USD Gains After FOMC Except Against the JPY

Despite low inflation and other central banks going dovish, cutting rates, and increasing stimulus,...

| January 28, 2015

Despite low inflation and other central banks going dovish, cutting rates, and increasing stimulus, the FOMC provided a positive assessment of the economic recovery. This suggests that mid-2015 is...

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AUD/NZD Stalling at 1.0750 Ahead of RBNZ

AUD/NZD has been bullish since marking a record low at 1.0353 earlier in January....

| January 28, 2015

AUD/NZD has been bullish since marking a record low at 1.0353 earlier in January. Since then it has rallied to 1.0758 last week, but has stalled there and started...

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USD/JPY Consolidating Ahead of the FOMC Meeting

USD/JPY is trading at the crossroad ahead of tomorrow’s FOMC meeting. In the daily...

| January 27, 2015

USD/JPY is trading at the crossroad ahead of tomorrow’s FOMC meeting. In the daily chart we can see the pair consolidating in a descending triangle and price pretty much...

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Euro Beaten Further after ECB Announces QE

The European Central Bank (ECB)  has been expected to add stimulus in the environment...

| January 22, 2015

The European Central Bank (ECB)  has been expected to add stimulus in the environment of negative inflation. Mario Draghi announced today that the bank will be holding the benchmark...

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