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Forex market reviews

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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15 July 2016

Media reviews

Fiona Chen

Oil prices fall as investors cash in on gains at week’s end (news: 15/07/16)

Crude oil prices edged lower in early Asian trade Friday as traders booked profits following the overnight rise, underpinned by market anxiety that the global glut is shrinking at a slower rate than expected.
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Market sessions

Gabriel Ojimadu

Euro/dollar: 1.1140 reached, now to 1.1176

On Thursday the tone was set by the GBP after the BoE had convened. The Bank left interest rates unchanged at 0.5%. Their asset purchasing program was also left as was at 375 billion pounds. The pound strengthened throughout the market and then weakened since the MPC discussed the introduction of measures to stimulate the economy; measures expected to be introduced in August.
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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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