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Forex market reviews

24 October 2018

Media reviews

Tina Pham

Sterling falls to six-week low before PM May addresses lawmakers (news: 24/10/18)

LONDON (Reuters) - The pound fell to a six-week low on Wednesday before British Prime Minister Theresa May was due to meet Conservative Party lawmakers, some of whom have discussed toppling her in anger at her Brexit negotiations.
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Market sessions

Tomasz Wisniewski

Daily analytical report (24/10/18)

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On Monday NZDUSD bounced from the long-term downwards trend line, EURCHF decided to go down after failing to break the horizontal resistance at 1.148, and the sell signal was triggered on the Cable on Monday when the price broke the lower line of the triangle.
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Market sessions

## anthony

EURUSD: Italian debt selloff piling pressure on the euro

On Tuesday the 23rd of October, trading on the euro closed slightly up. Despite the bulls’ efforts to recover their losses, they were held back by the uncertainty surrounding Italy and the UK. The European Commission has officially requested the Italian government to revise its 2019 budget in accordance with the EU’s fiscal requirements.
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23 October 2018

Media reviews

Tina Pham

Wall Street tumbles as weak industrials add to dour mood (news: 23/10/18)

(Reuters) - Wall Street sank more than 1 percent on Tuesday as disappointing forecasts from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia's diplomatic isolation, Italy's finances and trade-war fears.
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Market sessions

Tomasz Wisniewski

Daily analytical report (23/10/18)

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As expected, gold broke the upper line of the pennant and went higher, USDJPY drew an inverse head and shoulders pattern bouncing from the major upwards trend line (but failed to break the neckline), and on the Cable the sell signal was activated, with the potential target on the lows from the middle of August.
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Market sessions

## anthony

EURUSD: euro struggling to find a balance point due to uncertainty over the Italian budget

On Monday, trading on the single currency closed down. As trading got underway in Europe, buyers attempted to gain a foothold above 1.1550 on the back of an increased appetite for risk. Demand for the euro rose against the backdrop of rising Chinese stocks and the EURJPY cross. After hitting a session high, the euro slumped to 1.1456 as fears over Brexit negotiations and the Italian budget gripped the market. Italian 10-year bond yields once again rose above the 3.5% mark.
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Alexander Razuvaev
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