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Forex market reviews

09 February 2018

Media reviews

Tina Pham

Savaged stocks head for worst week since 2011 (news: 09/02/18)

LONDON (Reuters) - Reeling world stock markets took another blow on Friday when Chinese shares sank 4 percent, as concern about rising borrowing costs and soaring volatility put them on course for their worst week since the height of the euro zone crisis.
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Market sessions

Gabriel Ojimadu

EURUSD: buyers trying to induce a reversal

On Thursday the 8th of February, trading on the euro closed slightly down. A low of 1.2212 was hit on the back of a sharp jump on the British pound and the collapse of the EURGBP cross following the conclusion of the Bank of England’s meeting.
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08 February 2018

Media reviews

Tina Pham

Bank of England sees rates rising sooner and higher as UK boosted by global growth (news: 08/02/18)

LONDON (Reuters) - The Bank of England said on Thursday interest rates probably need to rise sooner and by a bit more than it thought three months ago, after it raised its growth forecasts for Britain due to the strong global recovery.
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Market sessions

Gabriel Ojimadu

EURUSD: euro slumps to reversal zone at 112 – 135 degrees

On Wednesday the 7th of February, trading on the euro closed down. The EURUSD pair fell from 1.2405 to 1.2246 (-159 pips). The main driver behind the dollar’s surge was the rise in US bond yields coupled with the extension of US government funding until the 23rd of March. This downwards dynamic on the EURUSD was enough to sink the EURGBP cross as well.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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Vadim Iossub
Vadim Iossub

Senior Alpari analyst

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