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Forex market reviews

18 August 2017

Market sessions

Gabriel Ojimadu

EURUSD: recovery to 1.1771

On Thursday the 17th of August, trading on the euro/dollar closed down. The daily candlestick closed with a range of 127 pips. The euro survived the ECB’s monetary policy meeting accounts. The price first jumped from 1.1663 to 1.1714. During the US session, the bulls managed to get it back up to 1.1754.
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17 August 2017

Market sessions

Tomasz Wisniewski

Daily analytical report (17/08/17)

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Today we look at the reaction to the FOMC minutes published last night. In focus today are gold, WTI and DAX.
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Market sessions

Gabriel Ojimadu

EURUSD: correction expected after growth to 1.1816

On Wednesday the 16th of August, trading on the euro closed in the black. The single currency was under intense pressure leading up to the release of the FOMC minutes. It first fell against the dollar after a report from Reuters that ECB president Mario Draghi wasn’t planning any significant monetary policy statement in the speech he’s set to give at the Jackson Hole symposium. Sellers later came into play after the publication of strong UK data.
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