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Forex market reviews

17 June 2016

Media reviews

Natalya Indeeva

Fed's Warning: Economic Hurdles to Persist (News: 17/06/16)

The Federal Reserve made a stark concession this week: The economy is likely to grow at a listless pace for the foreseeable future.
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Market sessions

Vadim Josub

Stock Markets Rising

A rise in volatility was seen on the oil market. The price dropped from $48.6 to $47 per barrel for Brent, returning to levels seen in the first half of May. The main reason for the fall was woes about global economic growth in case of a Brexit. Oil restored to $47.8 during the Asian session. However, any belief that there’s a downward trend which presided over last week has been crushed, as it still doesn’t exist. Gold reached $1,315 per troy ounce: a maximum since August 2014. However, it soon corrected to $1,280.
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Market sessions

Vladislav Antonov

Euro Breaks from Trend Line

The euro/dollar fell to 1.1130 on Thursday following the UK pound. By the day’s close the buyers won back almost 70% of their losses. The price returned to 1.1251. The pair turned on a spindle due to news about the murder of British MP Jo Cox. The MP for Batley and Spen was attacked while holding a surgery with her constituents.
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16 June 2016

Media reviews

Natalya Indeeva

U.S. Jobless Claims Rose Last Week (News: 16/06/16)

Initial claims for unemployment benefits, a proxy for layoffs across the U.S., increased by 13,000 to a seasonally adjusted 277,000 in the week ended June 11, the Labor Department said Thursday. It was the first increase in claims since the week ended May 7.
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Market sessions

Vladislav Antonov

Fed Meeting Gone by, Now to 1.14

On Wednesday the euro/dollar finished trading up. The US Fed took the decision to leave interest rates unchanged in a 0.25% - 0.50% range. All voted to keep the base rate unchanged. The Fed is planning two rate hikes this year, however, six of the Fed bosses forecast there to be only one. According to the latest data from CME Group FedWatch futures for the rate, after yesterday’s meeting the likelihood of a rise in July has fallen from 21% to 7%. This means that we can expect to see a rise in September.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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Vadim Iossub

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