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Forex market reviews

05 July 2017

Media reviews

Tina Pham

Dollar Rebound Extends as Markets Await FOMC Minutes (News: 05/07/17)

Dollar's rebound extends today as markets are awaiting FOMC minutes. The key to watch is any hint on the next move of Fed. That is, whether Fed will hike rates in September and start shrinking the balance in December, or reverse. Or, Fed would indeed do nothing in September. Currently, fed fund futures are pricing in less than 20% chance of a September hike. Also, odds for federal fund rates to hit 1.25-1.50% and above in December is less than 60%. Technically, the greenback is staying near term bullish against Yen. But Dollar is holding below near term resistance against Euro, Sterling, Aussie and Canadian, and stays bearish.
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Market sessions

Gabriel Ojimadu

Euro shaken by Cœuré’s speech

On Wednesday, during Asia’s session, the euro/dollar rate recovered to 1.1369. In Europe, the price hit its session high. On the back of comments from ECB board member Benoît Cœuré, the euro fell against the dollar to 1.1312 and against the pound to 0.8762. He announced that the regulator hadn’t discussed the prospect of curtailing its stimulus program at the latest meeting.
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Market sessions

Tomasz Wisniewski

Daily analytical report (05/07/17)

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Dollar on the rise, some examples of price action, EURUSD, AUDUSD, GBPUSD.
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Market sessions

Gabriel Ojimadu

EURUSD: still on downwards course towards 1.1312

Yesterday, the single currency closed down against the US dollar for the third session in a row. After falling to 1.1336, trading on the pair levelled out and was trading at around 1.1347 until the end of the session. Activity on the Forex market yesterday was minimal due to there being a national holiday in the US.
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Market sessions

Tomasz Wisniewski

Daily analytical report (05/07/17)

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Potential low volatility on the 4th of July, EURUSD, AUDUSD and Gold all bearish.
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04 July 2017

Media reviews

Tina Pham

Hawk talk fails to get a rise out of RBA’s Philip Lowe (News: 04/07/17)

RESERVE Bank governor Philip Lowe has played the role of economic party pooper, refusing to share the new-found ­enthusiasm of his international counterparts by serving up a muted assessment of Australia’s growth prospects.
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Market sessions

Gabriel Ojimadu

Euro has fallen against the US dollar along with the Aussie dollar

On Tuesday, the centre of attention for traders is the Australian currency. Before the RBA published their interest rate decision, the Aussie dollar was trading at 0.7680 against its American counterpart, having gained some strong support from strong retail sales data for May. Then, it became clear that the RBA would keep interest rates at their current level of 1.5%. On this news, the AUDUSD pair fell 60 pips to 0.7621. Following the Aussie’s lead, the pound and both euro also fell against the US dollar.
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Market sessions

Gabriel Ojimadu

EURUSD: continued fall expected

On Monday, the 3rd of July, the euro/dollar rate closed down. The US dollar rose against the single currency on the back of a technical correction, the closing of short positions on the dollar and low trading activity ahead of today’s national holiday in the US.
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Alexander Razuvaev
Alexander Razuvaev

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