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Forex market reviews

09 August 2016

Media reviews

Fiona Chen

Sterling under $1.30 on sluggish data and dovish words on policy (news:09/08/16)

The pound fell 0.4 per cent to $1.2982, breaking below the $1.30 threshold for the first time in 19 trading sessions. The currency has previously found support after the UK’s Brexit vote around the $1.30 mark, having closed under it only four times since the referendum. It left the currency on course for its fifth successive session of declines.
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Market sessions

Natalia Milchakova

Oil market still on the rise

The oil market on Monday continued the growth path that it was on after switching from a falling trend last week. On 8th August, Brent rose 1.7%, breaking the important $45 per barrel level and closing at $45.16. On Tuesday morning, the growth in oil quotes has stopped and traders are fixing profit. The morning of 9th August sees Brent on the IPE for just $44.95, although we’ll see what happens as the day drags on.
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Market sessions

Gabriel Ojimadu

EURUSD in sideways

Investor activity during the American session was low. Due to the lack of catalysers for movement, the EURUSD dropped to 1.1072 and then restored to 1.1088 by trade opening in Asia. The euro spent the day in a 33 point corridor range.
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08 August 2016

Media reviews

Fiona Chen

Stocks mostly higher as Street tries to extend jobs report rally (news: 08/08/16)

U.S. stocks traded slightly higher on Monday as investors further digested Friday's strong jobs report, kept an eye on oil prices and awaited retail data due later this week.
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Market sessions

Gabriel Ojimadu

Euro reviving after Friday’s weakening

The euro/dollar on Friday closed down. The USD strengthened on strong US labour market data. The amplitude of the price fluctuations was a full figure because of the news.
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Market sessions

Natalia Milchakova

Markets up; oil in pursuit

After over two weeks of oil falling, last week (from 2nd August) saw things turn around. The growth continued on Friday (5th August), albeit without much gusto: Brent nudged up 0.5%. Nevertheless, oil lifted above $44 per barrel (closing price on 5th August: $44.4 per barrel). On Monday morning Brent is continuing its rise, with Brent now sat at $44.4.
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