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Forex market reviews

17 May 2017

Market sessions

Tomasz Wisniewski

Daily analytical report (17/05/17)

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Trump, USDJPY, Gold, Silver, GBPUSD
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Media reviews

Tina Pham

Forex - Dollar hovers at 6-month lows amid U.S. political worries (news: 17/05/17)

Investing.com - The dollar was hovering at six-month lows against other major currencies on Wednesday, as concerns over recent political developments in the U.S. continued to dampen demand for the greenback.
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Market sessions

Gabriel Ojimadu

EUR/USD: U3 MA line acting as a strong support

Trading on the Euro again closed up on Tuesday. The pair extended its rally to grow by around 100 pips to 1.1097. Increased demand for the single currency was brought about by a slide in US bond yields, a general weakening of the dollar and the collapse of the resistance range from 1.1000 to 1.1022. Due to the slide in bond yields, the probability of an interest rate hike in June has fallen. CME Group's FedWatch has downgraded the probability of a rate hike in June from 73.8% to 69.2%, in July from 76.4% to 61.2% and in September from 82.9% to 80.9%.
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16 May 2017

Market sessions

Tomasz Wisniewski

Daily analytical report (16/05/17)

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USD, EURUSD, EURAUD, Silver
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Media reviews

Tina Pham

Euro climbs on integration hopes as Trump furor knocks dollar (news: 16/05/17)

The euro hit a six-month peak and German stocks touched a record high on Tuesday as signals on further European integration contrasted with political turmoil and fresh doubts about the economy in the United States.
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Market sessions

Gabriel Ojimadu

EUR/USD: CCI and volumes showing some bearish divergences

On Monday, trading on the single currency closed up against the dollar. There was an intraday rise of over 0.6%, where the price almost reached the 1.1000 mark. The Euro rally started on Friday after the release of some weak figures for the US. On Monday the 15th of May, growth on the EUR/USD pair was even stronger as commodity currencies strengthened against the dollar. They appreciated in response to a 3.5% bump in the price of oil to 52.58 USD.
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Alexander Razuvaev
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