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Forex market reviews

19 July 2016

Market sessions

Gabriel Ojimadu

Euro/dollar trading at balance point

The euro/dollar closed up 26 point on Monday. It updated its session maximum to 1.1083 and from there it dropped to 1.1063. The euro/pound cross was siding with the euro bulls, so the euro felt much better against the dollar than the pound.
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Market sessions

Vadim Josub

Political events having little effect on markets

The tension throughout the world from Nice and Istanbul to Yerevan and Almaty is, unexpectedly, having less of an effect on world markets than one would have thought. The majority of financial markets on Monday were lacking in volatility, with oil dropping from $47.9 to $46.5 per barrel of Brent despite the geopolitical risks.
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18 July 2016

Media reviews

Fiona Chen

BOE's Weale: U.K. rate cut hinges on inflation (news: 18/07/16)

A Bank of England rate setter said Monday the case for cutting interest rates in August will depend on how far inflation is likely to overshoot its target following a sharp fall in the exchange rate.
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Market sessions

Gabriel Ojimadu

Failed coup in Turkey, euro marching upwards

On Friday the euro/dollar closed down. My euro expectations came off only for the first half of the day. The pair corrected to 1.1115, following which there was a bit of a bullish impulse which ran out of steam at 1.1148.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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Vadim Iossub
Vadim Iossub

Senior Alpari analyst

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