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Forex market reviews

05 September 2017

Market sessions

Tomasz Wisniewski

Daily analytical report (05/09/17)

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North Korea strikes again! Sentiment is the same as last week, although attention is starting to turn towards the ECB meeting on Thursday. In focus today, we have a mixed bag, including Bitcoin, gold, and SP500.
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Market sessions

Gabriel Ojimadu

Euro continues to consolidate at 1.19

Tuesday’s European session saw mixed dynamics on the major currency pairs. The US dollar fell against its Aussie, Kiwi, and Canadian counterparts, as well as against the yen and pound, while rising against both the franc and euro. The European stock market is trading up. Investors are starting to abandon the safe havens, although the statement made by North Korea’s deputy ambassador to the UN is keeping them on their toes.
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Market sessions

Gabriel Ojimadu

EURUSD: euro expected to fall to the trend line

On Monday the 4th of September, trading on the euro/dollar pair closed up. The rate went up as the dollar fell in the aftermath of North Korea’s nuclear bomb test. Since the US and Canada both celebrated Labor Day yesterday, banks and exchanges in these countries were all closed and so activity was low on the currency market in the second half of the day. During the US session, the euro/dollar rate stabilised around the 1.1900 mark.
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04 September 2017

Media reviews

Tina Pham

Global stocks dip, yen gains after North Korea test (news: 04/09/17)

LONDON (Reuters) - Stocks and the dollar fell on Monday while the yen, gold and sovereign bonds rose after North Korea’s most powerful nuclear test to date dampened investor appetite for risk.
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Market sessions

Gabriel Ojimadu

Euro under pressure until the ECB meeting

Today, stocks opened down in Europe. A rise in political tensions brought about by North Korea’s nuclear test triggered a retreat towards safe haven assets and a bump in the price of gold to 1340 USD. The US dollar fell against the Swiss franc to 0.9554, and against the yen to 109.38. The euro/dollar pair has recovered to 1.1922.
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Market sessions

Gabriel Ojimadu

EURUSD: euro rising on the back of a retreat to safe havens

On Friday the 1st of September, trading on the euro/dollar pair closed slightly up. Volatility increased after the US jobs report was published. 156,000 new jobs were added in the US outside the agricultural sector in August against a forecast of 180,000. The value for June was revised from 231,000 to 210,000 and for July from 209,000 to 189,000. The aggregate revision for the 2 months amounts to -41,000.
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