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Forex market reviews

04 August 2017

Media reviews

Tina Pham

Tina Pham

U.S. payrolls increase more than expected, wages rise (news: 04/08/17)

WASHINGTON (Reuters) - U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce next month a plan to start shrinking its massive bond portfolio.
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Market sessions

Gabriel Ojimadu

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EURUSD: markets await NFP

On Thursday the 3rd of August, trading on the euro/dollar pair closed up. After falling to 1.1831, the single currency trimmed its losses against the greenback with a jump to 1.1893. Euro bulls first received support from the Bank of England’s minutes and then from Mark Carney’s speech. The dollar then took a dive on the back of a sharp drop in US bond yields.
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03 August 2017

Media reviews

Tina Pham

Tina Pham

Brexit-wary Bank of England leaves rates on hold, cuts growth forecast (news: 03/08/17)

LONDON (Reuters) - The Bank of England kept interest rates at a record low again on Thursday and, seeing Brexit weighing on the economy, cut its forecasts for growth and wages.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (03/08/17)

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Today, all eyes were on the Bank of England, but traders who prefer more technical setups, without interference from the fundamentals, should look at the following occasions. Today we have EUR, AUD and the JPY in three different combinations.
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Cryptocurrencies

Gabriel Ojimadu

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BTCUSD: breakout of the 2,752 USD resistance expected

In less than a day since its launch, Bitcoin Cash (BCC or BCH) has reached third place among cryptocurrencies in terms of market cap. At the time of writing, Bitcoin Cash is worth 7.254bn USD compared to Bitcoin’s (BTC) 45.433bn USD. With the appearance of the new cryptocurrency, Bitcoin’s market share has dropped to 44.6%.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: markets await BoE decision and Mark Carney’s speech

On Wednesday, trading on the euro closed up. Towards the end of the US session, the pair experienced increased volatility and the exchange rate sharply dropped. After a 90-pip surge to 1.1910, the pair underwent a 60-pip correction to 1.1850. In Asia, this drop continued to 1.1834.
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