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Forex market reviews

03 July 2017

Media reviews

Tina Pham

Tina Pham

U.S. manufacturing activity rises more than expected in June – ISM (News: 03/07/17)

Investing.com - Manufacturing activity in the U.S. rose more than expected in June, according to an industry report released on Monday, bolstering optimism over the U.S. economy.
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Market sessions

Natalia Milchakova

Natalia Milchakova

The time of the euro is here

We’re betting on the euro as we believe that the EURUSD currency pair is set to continue its growth for the foreseeable future. As we see it, there are 7 reasons for this.
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Market sessions

Gabriel Ojimadu

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EURUSD: long weekend in the US and Canada

On Friday the 30th of June, trading on the euro/dollar pair closed down. On the last day of the week, month and quarter, buyers retreated from the 1.1445 high to 1.1392 (-53). During the month of June, the euro appreciated by 1.55% (+175 pips). During the second quarter, it rose by 7.11% (+750 pips). I believe that this is a technical correction that still hasn’t come to an end. Markets ignored the statistics released before the long weekend in the US and Canada.
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30 June 2017

Market sessions

Gabriel Ojimadu

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EURUSD: price has reached the resistance zone

Trading on the euro/dollar pair closed up on Thursday. Despite a downwards correction to 1.1388, the euro-bulls bought up the single currency while it was weakening. Buyers believed in a tightening of monetary policy and didn’t take the ECB’s comments seriously that Mario Draghi’s speech concerning the stimulus program had been misinterpreted.
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