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Forex market reviews

19 May 2017

Market sessions

Gabriel Ojimadu

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EUR/USD: pair has entered a correctional phase

Trading on the Euro closed down on Thursday, with a breakout of the trend line ending the 4-day rally. The pair fell to 1.1076 but sellers weren't able to close the day below 1.1082 (the opening price of the candlestick on the 17th of May).
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18 May 2017

Media reviews

Tina Pham

Tina Pham

FOREX-Trump, data weigh on dollar after worst fall since July (news: 18/05/17)

LONDON, May 18 The dollar wallowed near six-month lows against a basket of major currencies on Thursday, struggling to recover from its worst losses in almost a year against the yen and the euro as worries over the Trump presidency weigh.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EUR/USD: Euro down in the Asian session

The Euro/dollar rate has closed up for the 4th day in a row. Speculation over the possibility of Donald Trump getting impeached helped the single currency strengthen to 1.1172. Escalating political tensions in the US have induced a slide in bond yields as well as a mass retreat towards safe haven assets. Investors are currently buying gold, Japanese yen and US bonds.
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