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Forex market reviews

19 October 2016

Market sessions

Gabriel Ojimadu

EUR/USD: bounce from 1.0974 highly likely

Euro trading on Tuesday finished down. The euro/dollar fell during the American session to 1.0970. The euro lost against the dollar and pound. The pound strengthened after the publication of inflation data from the UK which exceeded expected levels and lowered the need for the country’s central bank to drop their interest rate. Speculators are also trying their hand on rumours that the UK parliament might vote against leaving the EU. As a result, the euro was under pressure from the cross.
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18 October 2016

Market sessions

Tomasz Wisniewski

Daily analytical report (18/10/16)

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Gold, silver, EURAUD, USDCAD, AUDUSD and SP500
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Alexander Razuvaev
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