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Forex market reviews

31 August 2017

Media reviews

Tina Pham

U.S. jobless claims rise marginally as labor market tightens (news: 31/08/17)

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose slightly last week, pointing to sustained labor market strength that should continue to support the economy.
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Market sessions

Tomasz Wisniewski

Daily analytical report (31/08/17)

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Once again, yesterday's movements continue into today. The safe haven retreat continues and the US dollar is getting stronger. Gold, however, seems to be resisting the trend, and this will be our focus today, along with EURUSD and SP500, which have some interesting setups.
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Market sessions

Gabriel Ojimadu

Dollar rising across the board

In Thursday’s European session, the US dollar continued to recover the losses it suffered earlier in the week. The euro/dollar pair fell to 1.1827 after a bounce to 1.1906. The pound/dollar pair resumed its slide, dropping to 1.2853.
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Market sessions

Gabriel Ojimadu

EURUSD: closing of long positions may gather pace

On Wednesday the 30th of August, trading on the euro/dollar closed down. Despite aggressive rhetoric from Pyongyang, tensions surrounding North Korea seem to have subsided. The UN Security Council labelled their missile launch as a threat to global security, but fell short of proposing any new sanctions. Investors have accordingly started to move away from safe haven assets (bonds, the Swiss franc, yen, and gold), which has bolstered the US dollar. Later, the US dollar surge gathered momentum after a favourable ADP jobs report and revised GDP data were released. The euro fell 103 pips from 1.1984 to 1.1881.
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30 August 2017

Media reviews

Tina Pham

Dollar recovers on measured U.S. response to North Korea missile test (news: 30/08/17)

LONDON (Reuters) - The dollar came off a 2-1/2-year low and world stocks rose on Wednesday after the United States’ measured response to North Korea’s missile test soothed jittery investors who turned their focus to positive economic data.
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Market sessions

Tomasz Wisniewski

Daily analytical report (30/08/17)

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The threat of nuclear apocalypse is over for now. At least that's how the market feels. Today, we're looking at potential and actual reversals on gold, SP500 and DXY.
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Market sessions

Gabriel Ojimadu

Dollar no longer fearful of geopolitical risks

The US dollar is continuing its recovery against its competitors during the European session. As North Korea falls silent on its threats of ballistic missile launches, the dollar is well on its way to recovering all of its losses. The euro/dollar pair has fallen to 1.1927, while the euro/pound has dropped to 0.9231.
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Market sessions

Gabriel Ojimadu

EURUSD: buyers closing their long positions

Geopolitical tensions in the Korean Peninsula have generated increased interest in safe haven assets among European investors; most notably the Swiss franc, Japanese yen, and gold. During yesterday’s European session, the euro/dollar pair reached the 1.2070 mark, its highest level since January 2015.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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