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Forex market reviews

06 March 2019

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (06/03/19)

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The fundamentals dealt AUD a heavy blow overnight. There is a rumour circulating on the market that the RBA will lower interest rates in July and August (each time by 25bps). This was obviously perceived as negative and AUD dropped like a rock on almost every pair. Thanks to this, we have two interesting setups with this currency. In addition to this, we’ll also be looking at CADJPY.

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Market sessions

## anthony

Matthew Anthony

EURUSD: euro under pressure ahead of the ECB meeting

On Tuesday the 5th of March, trading on the euro closed down. The rebound from 1.1316 didn’t come to pass. The bulls defended 1.1320 for 6 hours before giving way. The pair then dropped to 1.1290. The euro slid against the dollar on the back of positive US data (ISM non-manufacturing index and new home sales).

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05 March 2019

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (05/03/19)

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Today we’ve got a short-term selling opportunity on gold, a long-term buying opportunity on USDCAD, and GBPUSD is looking for direction.

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Market sessions

## anthony

Matthew Anthony

EURUSD: upwards correction on its way

On Monday the 4th of March, trading on the euro closed down. After the breakout of the trend line at 1.1360, the single currency shed 0.45% against the dollar to reach 1.1309. Interestingly, the euro dropped during a decline in US10Y bond yields. In theory, after seeing progress in the talks between the US and China, we should have seen an increased appetite for risk. Yesterday, however, the only risky asset to appreciate was oil.

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