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Forex Market Reviews

08 March 2017

Media reviews

## pham

Chancellor Philip Hammond delivers last ever Spring Budget (news: 08/03/17)

Hammond, who became chancellor last July, stepped up to the dispatch box in Parliament just after 12.30 p.m. GMT (7.30 a.m. ET) on Wednesday to give his first formal budget speech. It is not his first fiscal policy statement, however — he delivered one Autumn Statement in late November 2016.
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Market sessions

## wisniewski

Daily analytical report (08/03/17)

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AUDUSD, Gold, EURAUD
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Market sessions

Gabriel Ojimadu

EUR/USD: awaiting a renewed minimum

Trading on the EUR/USD pair closed down on Tuesday. The single currency depreciated against the dollar on the back of a rise in US 10-year bond yields and a drop in their German equivalent. By the end of the day, US 10-year bond yields had risen by 0.72% to 2.494%. German 10-year bond yields fell by 3.17% to 0.319%. The price found some support at around the 1.0560 mark, where the pair has been caught in a sideways trend for the last 17 hours or so.
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07 March 2017

Media reviews

## pham

Euro Pressured by Political Risk (news: 07/03/17)

The Euro found itself under renewed selling pressure during trading on Monday following reports of former Prime Minister Alain Juppe confirming that he was not ready to run in the French presidential election. Markets simply acknowledged this fresh development as potentially heightening the chances of Marine Le Pen winning the elections which consequently exposed the Euro to further downside losses on Tuesday. Sentiment remains firmly bearish towards the Euro moving forward and the growing threat of a possible "Frexit" challenging the future of the European Union should limit future gains.
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Market sessions

## wisniewski

Daily analytical report (07/03/17)

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EURUSD, EURJPY, Silver, Brent oil, AUDNZD
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Market sessions

Gabriel Ojimadu

EUR/USD: weakening trend continues

On Monday, trading on the euro closed down. After an unsuccessful attempt by buyers to take the price above 1.0630, the euro fell against the dollar to 1.0575. A touch of volatility was to be found during the day yesterday as news came in from France. Ex-Prime Minister Alain Juppe ruled out taking part in the French presidential elections.
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