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Forex market reviews

05 January 2017

Media reviews

Tina Pham

China's choices narrowing as it burns through FX reserves to support yuan (news: 05/01/17)

Data this week is expected to show China's forex reserves precariously perched just above $3 trillion at end-December, the lowest level since February 2011, according to a Reuters poll.
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Market sessions

Gabriel Ojimadu

EUR/USD: correction expected from the MA line U3

The year of the rooster has begun with a fall for the euro against USD and GBP. Over the course of two days the euro/dollar fell 185 points. After the publication of positive US data, the price fell to 1.0341, from which a new phase of revival began. In 34 hours the pair rose 200 points to 1.0540.
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30 December 2016

Market sessions

Tina Pham

See you in 2017!

Alpari’s analytical team is taking some time out for the New Year holidays.
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Media reviews

Tina Pham

China's yuan suffers biggest one-year loss since 1994 (news: 30/12/16)

China's yuan strengthened against the dollar on Friday, but was on track for its biggest annual loss since 1994, which would make it the worst performing major Asian currency this year.
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Market sessions

Gabriel Ojimadu

Euro up to 1.0653 on the thin market

On Thursday the euro/dollar closed up. Trader activeness on the Forex market remains low. Trading robots are doing the work for them. If yesterday the price fluctuations for the euro were less than one figure, then today we’ve already seen the euro rise 166 points against the dollar (to 1.0653) and 115 points against the pound (to 0.8664).
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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Vadim Iossub
Vadim Iossub

Senior Alpari analyst

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