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Forex market reviews

17 October 2017

Media reviews

Tina Pham

Tina Pham

British inflation at 5-1/2-year high in September, rate hike on track

LONDON (Reuters) - British inflation rose to its highest level in more than five years in September, official data showed on Tuesday, adding to the likelihood that the Bank of England will raise interest rates next month.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (17/10/17)

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USDMXN, EURJPY, USDCAD
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: price approaching the neckline

On Monday the 16th of October, trading on the euro/dollar pair closed slightly down. The pair spent most of its time in a sideways trend. After dropping to 1.1781, the euro recovered its lost ground to reach 1.1819. Still, the price didn’t make it to the balance line, which at that point ran through 1.1826 levels.
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16 October 2017

Cryptocurrencies

Gabriel Ojimadu

## ojimadu name

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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