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Forex market reviews

08 September 2016

Media reviews

Fiona Chen

Fiona Chen

US stocks fall following ECB rates decision; tech lags (news: 08/09/16)

U.S. stocks traded lower Thursday as investors digested the European Central Bank's latest monetary policy decision and remarks made by its president, Mario Draghi.
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Market sessions

Gabriel Ojimadu

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Market waiting for Draghi to speak

On Wednesday the euro closed slightly down. The price during the American session updated its maximum from where it returned to 1.1238. The jump upwards was caused by a growth in the euro/pound cross as a response to Carney speaking. The BoE governor announced that the Bank is ready to implement further stimulus if required.
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07 September 2016

Media reviews

Fiona Chen

Fiona Chen

Goldman just did a quick about-face on its Fed rate hike call (news:07/09/2016)

The economists lowered the odds Wednesday morning for a September rate hike to 40 percent. On Friday, they gave 55 percent odds even after the tepid August jobs report convinced many that the Fed was not likely to move soon.
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Commodities

Natalia Milchakova

Natalia Milchakova

Pact between Russia and Saudi Arabia supports crude prices

Last week the price of WTI remained almost unchanged at $44.84/bbl. On September, 1, the price of crude plunged to its weekly bottom of $43.5/bbl. The resistance level is now located at $46.5/bbl, while $42.96/bbl is a relatively strong support level.
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