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Market reviews

28 April 2017 by Kristina Leonova: Chief Analyst in the Investment Research Department

During Thursday trading session the pair continued to decrease in view of mixed statistics from the USA and tested the level of 0.6850. The number of initial jobless claims exceeded the expectations (257K against 241K) indicating the weakness of the labor market and negatively affecting the rate of the US dollar. Demand for durable goods decreased by 0.7% also weakening USD. However, the upward trend in the pair remains as the NZ dollar, being a commodity currency, is under pressure due to the growth of pound and euro. The main release today will be the annual data on the US GDP for Q1 2017 wh...

27 April 2017 by Kristina Leonova

The AUD is lowering against the USD and crossed a range of key support levels at 0.7150, 0.7475, so the trend is downwards. In April the pair is trading within the wide downward channel. It rapidly grew due to the USD positive data and reversed downwards due to the rapid fall of the demand on the AU...

26 April 2017 by Kristina Leonova

During the current week the pair continued to trade within the lateral channel of 1.2850-1.2770 that it entered after the decision of the UK Prime Minister Theresa May to hold early parliamentary elections. Since them the pair experiences driver deficiency, and the market is waiting for the beginnin...

25 April 2017 by Kristina Leonova

For the previous week the quotes of the pair were growing which was mainly caused by the negative climate in the oil market and rapid fall of oil prices below $50 per barrel. During the current week the growth continued and by now the price reached the level of 1.3570. The reason for the weakening o...

24 April 2017 by Kristina Leonova

The Brent oil price is still under the pressure, and the Friday trading session closed at the level of 51.88. The main pressuring factor is the USA oil production growth. On Friday Baker Hughes reported that the count of the oil rigs increased again, which means the possibility of the further growth...

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