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Forex market reviews

29 June 2016

Media reviews

Natalya Indeeva

Brexit Still Dominates as Markets Return to Normal (News: 29/06/16)

Stock futures pointed to a higher opening for Canada's main stock index for the second day on Wednesday as the shock from Britain's vote to leave the European Union petered out and oil prices rose as risk appetite increased.
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Market sessions

Vadim Josub

Oil and Euro on the Rise

Oil prices finished Tuesday up. In the first half of the day they lifted from $47.4 to $48.5 per barrel of Brent, then returning to $47.5. However, with stats from the API showing a fall in US oil reserves of 3.86 million barrels, the quotes for oil lifted to $48.75 by the end of the American session. On Wednesday morning, oil is trading at approximately the same level after an attempt to grow to $48.95.
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Market sessions

Vladislav Antonov

Expected Continuation of Upward Correction

The euro/dollar on Tuesday closed slightly up. Support for the pair came from a weakening dollar. Traders are continuing to analyse the consequences of Brexit. The euro closed at 1.1063 where it still sits trading.
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27 June 2016

Media reviews

Natalya Indeeva

Oil Prices Relinquish Early Gains to Turn Sharply Lower (News: 27/06/16)

Crude-oil prices turned sharply lower Monday, erasing modest early gains as investors shunned assets perceived as risky in the aftermath of the U.K.’s unexpected decision to leave the European Union.
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Market sessions

Vladislav Antonov

Peak of Volatility Passed, Extended Flat Awaits

After the Brexit vote the euro/dollar fell five figures (-4.51%) to 1.0911. As soon as the official results of the voting were out for all to see, the currency market began a correction phase.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea: FX USD/CAD – Bull Speculation: Expected Growth to 1.3288 – 1.3397 Zone

Trading opportunities for currency pair: After the UK referendum, the USDCAD tested the solidity of the trend line. The target zone is 1.3288 – 1.3397. The upper line of channel one passes through it. We just need to wait for the price to strengthen above channel 2 and the trend line. Growth to cancel with a close of the day’s candle below 1.2654. Putting a stop above here would be useless.
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Alexander Razuvaev
Alexander Razuvaev

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