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Forex market reviews

18 October 2017

Media reviews

Tina Pham

Dow opens above 23,000, powered by IBM (news: 18/10/17)

(Reuters) - The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday, powered by IBM, which hinted at a revival in its growth after six years in retreat.
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Market sessions

Tomasz Wisniewski

Daily analytical report (18/10/17)

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Talk of John Taylor becoming the next Chair of the Fed has boosted the US dollar. Aside from that, we'll be building on our ideas from yesterday on the EURJPY and USDCAD pairs.
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Cryptocurrencies

Veselin Petkov

Billionaire Michael Novogratz: Bitcoin and blockchain technology will turn the banking industry on its head

Former Wall Street mogul, billionaire, and bitcoin investor Michael Novogratz has said that bankers will ultimately lose the fight against cryptocurrencies and blockchain technology. In an interview with Bloomberg, he explained why a lot of bankers have recently been calling bitcoin a bubble. Novogratz claimed that the ongoing crypto-tide is one that’s going to wash over the banking industry sooner or later. Bankers, he says, understand this, and have started criticizing the crypto market amid fears over their industry’s future.
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Market sessions

Gabriel Ojimadu

EURUSD: today’s situation is 50/50

On Tuesday the 17th of October, the US dollar continued its growth against the majors. In the US session, the euro dropped to 1.1736. Market participants share the opinion that the dollar’s rise in the first half of the day was down to talk that John Taylor, an advocate of tight monetary policy, could become the next Chair of the US Federal Reserve. Donald Trump is expected to announce his choice for the post before the 3rd of November. With the support of some of the euro crosses, the daily candlestick on the euro/dollar instrument closed at 1.1766.
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17 October 2017

Media reviews

Tina Pham

British inflation at 5-1/2-year high in September, rate hike on track

LONDON (Reuters) - British inflation rose to its highest level in more than five years in September, official data showed on Tuesday, adding to the likelihood that the Bank of England will raise interest rates next month.
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Market sessions

Tomasz Wisniewski

Daily analytical report (17/10/17)

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USDMXN, EURJPY, USDCAD
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Market sessions

Gabriel Ojimadu

EURUSD: price approaching the neckline

On Monday the 16th of October, trading on the euro/dollar pair closed slightly down. The pair spent most of its time in a sideways trend. After dropping to 1.1781, the euro recovered its lost ground to reach 1.1819. Still, the price didn’t make it to the balance line, which at that point ran through 1.1826 levels.
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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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