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Forex market reviews

16 June 2017

Media reviews

Tina Pham

Tina Pham

BOJ Upgrades View on Consumption, Rules Out Early Exit From Stimulus (News: 16/06/17)

The Bank of Japan kept monetary policy steady on Friday and upgraded its assessment of private consumption for the first time in six months, signalling its confidence in an export-driven economic recovery that is gaining momentum.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: 1.1085 the immediate target

Trading on the Euro closed down on Thursday. The dollar continues its rise after the FOMC meeting. The Euro is also coming under added pressure from the EUR/GBP cross, which fell after the Bank of England’s meeting. An adjustment of open positions on the EUR/GBP pair took place in response to the vote swing at the BoE’s monetary policy committee, with three members voting for a hike in interest rates. The EUR/USD pair fell without resistance to 1.1132.
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15 June 2017

Media reviews

Tina Pham

Tina Pham

Sterling surges after BoE vote swing, Fed expectations lift dollar (News: 15/06/17)

Sterling surged over a full cent on Thursday following signs of a shift in the Bank of England's stance on keeping UK interest rates at record lows, while the Federal Reserve's sticking to expectations of further rises lifted the dollar.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: increased risk of falling to 1.1155/65 after FOMC meeting

On Wednesday, trading on the EUR/USD pair closed slightly up around 1.12. After weak consumer price and retail sales data from the US, the Euro grew to 1.1296. Buyers undertook as assault of 1.1300 level on the assumption that the Fed would decide against raising interest rates or at least refuse to raise them until the end of the year.
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