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Forex market reviews

17 November 2017

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (17/11/17)

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WTI oil, USDMXN, USDJPY
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Market sessions

Gabriel Ojimadu

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EURUSD: price pulls back 61.8% before bouncing off the A-A channel

On Thursday the 16th of November, trading on the euro/dollar pair closed down. The rate twice approached the zone of 1.1757 – 1.1759, but failed to break through. News from the US didn’t do sellers any good either. The US House of Representatives yesterday passed a tax reform bill proposed by the Trump administration. Markets were slow to react to the news given that the Senate has put forward an alternative proposal, which involves deferring tax cuts for another year. As such, it’s unclear as of yet what the final legislation will look like.
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16 November 2017

Media reviews

Tina Pham

Tina Pham

Congress poised for a major test on tax legislation (news: 16/11/17)

WASHINGTON (Reuters) - The Republican-controlled U.S. Congress was approaching a major test on Thursday of its ability to enact sweeping tax cuts, as lawmakers prepared for their first full-scale vote on tax legislation.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (16/11/17)

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In focus today: EURUSD, USDCHF, USDCAD
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: daily pin bar model suggests a decline ahead

On Wednesday the 15th of November, trading on the euro/dollar pair closed down to form a pin bar or shooting star model on the daily timeframe. The euro opened up in the European session. In the space of three hours, the rate jumped 68 pips to 1.1853. After the publication of US data, buyers shifted the intraday high to 1.1860.
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