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Forex market reviews

28 December 2016

Media reviews

Tina Pham

Crude oil climbs for fourth day for fresh 2016 high (news: 28/12/16)

Oil prices rose for a fourth straight session on Wednesday, with traders waiting to see if OPEC will make good on its promises to cut output in the new year.
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Market sessions

Tomasz Wisniewski

Daily analytical report (28/12/16)

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Nasdaq, Brent, silver, gold, EUR and AUDCAD
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Market sessions

Gabriel Ojimadu

EUR/USD: price recovers by 61.8%

By the end of Wednesday the euro/dollar closed up. The rate recovered from session minimums of 1.0433 to 1.0463 due to sales of the USD. The market is a thin one (low liquidity), so the euro bulls couldn’t hold when the strong consumer confidence data came in and there was a growth in US bonds.
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27 December 2016

Media reviews

Tina Pham

Oil Prices Edge Up as Investors Remain Positive (news:27/12/16)

Crude oil futures were up slightly Tuesday amid muted holiday trading in Europe as investors remain in a wait-and-see mode ahead of a landmark effort by oil producers to reduce global supply.
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Market sessions

Tomasz Wisniewski

Daily analytical report (27/12/16)

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Gold, silver, flat market, Nasdaq and EURJPY.
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Market sessions

Gabriel Ojimadu

EUR/USD: expected to cede to 1.0417

On Monday the euro closed slightly up against the USD. By the end of the day the euro had risen by 2 points to 1.0451. In Europe and the US the stock markets were closed due to it being Boxing Day, and so volatility on the currency market was very low. The price range for the daily candle was just 26 points.
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Alexander Razuvaev
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Director of Alpari's analytical department

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