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Forex market reviews

26 January 2017

Media reviews

Tina Pham

Tina Pham

'Euro could collapse,' says Trump's choice for ambassador to EU (news: 26/01/17)

Donald Trump's choice for US ambassador to the EU has claimed the euro could collapse within 18 months. Speaking to the BBC, Professor Ted Malloch said he would "short" the bloc's single currency, placing a bet that the value would fall in the future.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (26/01/17)

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UK GDP, pound, gold, EURUSD, oil and Dow Jones
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Market sessions

Gabriel Ojimadu

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EUR/USD: euro consolidating under resistance

On Wednesday, trading on the euro closed up. Over the whole day, the single currency rose against the dollar from 1.0730 to 1.0746. Against the backdrop of the weakening of the American dollar, investors ignored the rise in US bond yields, as well as the fall of the euro/pound cross. The euro fell against the pound by 0.75% to 0.8507. The dollar may weaken further due to the uncertainty surrounding Donald Trump’s intentions with regards to his tax and budget plans.
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25 January 2017

Media reviews

Tina Pham

Tina Pham

UK manufacturers upbeat as weak pound boosts exports (news: 25/01/17)

The quarterly health check of industry from the employers’ organisation found that manufacturers were upbeat about their prospects, reporting strong order books and rising output.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (25/01/17)

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USD, GBP, EURAUD, NZDUSD, AUDUSD and Dow Jones.
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Market sessions

Gabriel Ojimadu

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EUR/USD: cycles indicate a weakening euro

On Tuesday the euro/dollar closed down. Travelling as always in the same direction, the euro/dollar and pound/dollar currency pairs showed a mixed dynamic. During the European session, the euro fell to 1.0725. From there, the euro began a new phase of growth, rising up to 1.0775 on the back of a sharp rise in the Canadian dollar against its American counterpart. Traders have been buying Canadian dollars on the news that US president, Donald Trump has approved the Dakota Access and Keystone XL pipelines by way of executive order; projects that had been sidelined by his predecessor, Barack Obama. The US dollar/Canadian dollar rate dropped 193 points to 1.3106. The euro slid from a high of 1.0775 to around 1.0720 due to the fall in the euro/pound cross, and the increase in US bond yields. The pound/dollar rate rose from a low of 1.2418 up to 1.2543.
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