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Forex market reviews

16 October 2017

Cryptocurrencies

Gabriel Ojimadu

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BTCUSD: 6,000 USD likely to be tested before hardfork

The previous review on the BTCUSD daily chart was on the 6th of October. This was a continuation of the idea on the 3rd of October. At the time, with the price at 4,420 USD, I was expecting the bitcoin to fall against the dollar to around 3,995 USD, which would have marked around 50% of the upwards movement from 3,490 to 4,482.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: expect the price to recover to the LB balance line on Monday

On Friday the 13th of October, trading on the euro/dollar pair closed down. The day’s session turned out quite volatile due to the publication of September’s figures for consumer inflation and retail sales in the US, which came out worse than expected. The euro surged 70 pips on this weak data, but erased all its gains before the end of the day.
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13 October 2017

Media reviews

Tina Pham

Tina Pham

'Massive Disruption': IMF's Lagarde Says Cryptocurrencies Must Be Taken Seriously

Christine Lagarde, managing director of the international monetary fund (IMF), has warned that central banks and financial services need to pay closer attention to cryptocurrencies.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (13/10/17)

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As markets await CPI and retail sales data, we've found some trading opportunities on gold, DAX, and GBPJPY.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: drop to 1.1796 expected

On Thursday the 12th of October, trading on the euro/dollar currency pair closed down. The rate fell from 1.1880 to 1.1827. At the beginning of the European session, the euro dropped further as the dollar rose across the board. It then received some support from the euro/pound cross following reports that Brexit talks had hit a deadlock. The price briefly recovered from 1.1827 to 1.1851 before falling back to 1.1827.
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