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Forex market reviews

27 July 2016

Media reviews

Fiona Chen

Abe says Japan will compile a $265 billion stimulus, raising ever more questions (news: 27/07/16)

Japanese Prime Minister Shinzo Abe said his government would compile a stimulus package of more than $265 billion next week to reflate the flagging economy, although it was unclear how much would be spent to directly boost growth.
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Commodities

Natalia Milchakova

Oil market review: Brent and WTI sharply decline

Last week crude oil prices fell sharply. The price of WTI futures dropped 6.5% to $42.63/bbl. On July, 21, the price of WTI successfully broke the important support level of $45/bbl, and the price of crude went down to $42/bbl. The range of $41-42/bbl is likely to be a new support level for the price, however, it is difficult to say whether this support level is likely to be a strong one or not.
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26 July 2016

Media reviews

Fiona Chen

Fed likely to upgrade outlook, stay mum on rates (news: 26/07/16)

Despite encouraging rebounds in both job growth and markets in recent weeks, the Federal Reserve is expected to maintain its poker face this week, offering few, if any, clues as to whether it will raise interest rates in September, economists say.
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Market sessions

Vadim Josub

Yuan set to become third largest world curreency

Due to talk of a growth in reserves and a slowing in the growth of the world economy, the price of oil remains under pressure and dropped to $44.6 from $45.9 per barrel of Brent. Tuesday morning saw a slight rise to $44.9, but this is nothing. The price of oil has therefore returned to the price it was at at the beginning of May, with a significant support sitting close to $43.3. This evening we may see a correction due to the API oil reserve coming out.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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Vadim Iossub

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