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Forex market reviews

01 June 2017

Media reviews

Tina Pham

EUR GBP Inches Higher after Manufacturing PMIs Indicate Strong Employment Growth (news: 01/06/17)

The Euro Pound exchange rate has managed to edge 0.1% higher today to 0.8736 after strong Eurozone data releases.
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Market sessions

Gabriel Ojimadu

EURUSD: buyers taking a wait-and-see approach

The closer the snap election in the UK (8 June) and the FOMC meeting (14 June) get, the harder it is to predict the behaviour of market participants and prices. Election surveys, US and European bond yields, stock index dynamics and an appetite for risk are all having an effect on the dynamics of currency pairs. Everything is changing so quickly that traders are turning a blind eye to weak statistics.
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31 May 2017

Media reviews

Tina Pham

Pound reverses losses on YouGov study indicating tight UK election (news: 31/05/17)

The British pound has come under pressure following research by pollster YouGov suggesting a tight race in next week’s general election.
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Market sessions

Gabriel Ojimadu

EURUSD: rate trading in a downwards channel for the 7th day

Trading on the Euro closed slightly up on Thursday. A daily pin bar formed as a result of rumours about Greece and the ECB. Greek finance minister Euclid Tsakalotos refuted the claims made in the article published by Bild about Greece's refusal to pay their debt to the IMF. The Euro later rose after rumours that when the ECB sits down on the 8th of June, they will discuss departing from their current lose monetary policy. The Euro restored to 1.1205 and closed trading at 1.1185 level.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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Vadim Iossub
Vadim Iossub

Senior Alpari analyst

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