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Forex market reviews

10 August 2017

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (10/08/17)

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Risk-off mode still in force as we take a look at WTI, DAX and SP500.
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Market sessions

Gabriel Ojimadu

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EURUSD: downwards trend continues

On Wednesday, the 9th of August, trading on the euro/dollar closed slightly up, leaving a long shadow behind it after a drop. The euro’s drop to 1.1689 may have been triggered by cross pairs involving the euro. An exchange of threats between US President Donald Trump and North Korean Supreme Leader Kim Jong Un has pushed investors towards safe haven assets, i.e. the Swiss franc, Japanese yen and gold. Protective stop levels on long positions may have been triggered below 1.1715. The sharp rise to 1.1751 was triggered by a sharp drop in US 10Y bond yields. I don’t have any other explanation for the fluctuations we’ve seen on the euro/dollar pair.
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09 August 2017

Media reviews

Tina Pham

Tina Pham

Havens Rise Amid North Korea Tension as Stocks Retreat: Markets (news: 09/08/17)

Markets remained on cautious footing Wednesday, with investors boosting haven assets from gold to the Japanese yen as tensions grew between the U.S. and North Korea. American equities fell a second day.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (09/08/17)

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We're finally seeing some interesting movements on global stock exchanges. To shed some light on this,we'll be looking at the same instruments as yesterday, since they all did what we expected yesterday.
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Market sessions

Gabriel Ojimadu

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EURUSD: expected rebound towards LB

On Tuesday, the 8th of August, trading on the euro/dollar pair closed down. For 13 hours, the rate traded within a 20-pip range from 1.1800 – 1.1820. The job openings data from JOLTS helped sellers take it out of this range. In the space of two hours, the euro fell by 97 pips to 1.1715.
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