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Forex market reviews

30 August 2016

Media reviews

Fiona Chen

Wall Street flat as investors look for clues on rates (news: 30/08/2016)

Wall Street was little changed on Tuesday morning as investors looked for catalysts to drive the markets while keeping one eye on clues for the timing of the next interest rate hike.
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Market sessions

Vadim Josub

Oil stabilising after Yellen's say-so

After high volatility last Friday in connection with Fed chief Yellen’s speech, on Monday the price of oil has begun to stabilise. Oil yesterday was trading in a $49.0-$49.5 range per barrel of Brent and during the Asian session the price rose from $49.2 to $49.4. Tonight the API’s oil report will see the light of day.
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Market sessions

Gabriel Ojimadu

Euro bulls trying to win back morning’s losses

The euro/dollar closed slightly up on Monday. During trades in the States the pair dropped to 1.1158 on data regarding personal consumption expenditure. In shifting the minimum, the price returned to 1.1193. The reaction to the stats was weak since the UK was having a bank holiday. Trader activity was low.
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29 August 2016

Media reviews

Fiona Chen

OPEC output-freeze deal unlikely as Iran aims to recover lost market share

Iran’s plan to keep boosting crude production until it regains its OPEC market share is dimming prospects of collective action by major producers to freeze output, according to Patrick Allman-Ward, chief executive officer of Dana Gas PJSC.
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Market sessions

Gabriel Ojimadu

Expected euro rise to 1.1242

Euro trades on Friday closed down. The euro crumbled from its 1.1341 maximum by 1.5 figures. The fall was by 135 degrees. Demand for the dollar rose after Janet Yellen announced that there had been an improvement in US economic conditions; lifting expectations of an increase in the US interest rate. Nothing was said about when this may happen. The rise in the rate will be gradual, taking new labour market and inflation data into account.
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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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