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Forex market reviews

05 July 2016

Media reviews

Natalya Indeeva

Pound Tumbles to 31-Year Low as Brexit Starts to Inflict Damage (News: 05/07/16)

The pound fell to its weakest level in three decades against the dollar, surpassing lows reached in the aftermath of Britain’s vote to leave the European Union.
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Market sessions

Vadim Josub

Oil Sticking at $50

Oil again didn’t manage to strengthen above $50. It spent the best part of yesterday trading in a $50.3 – $50.7 range per barrel of Brent. However, in the evening the price began to fall and by Tuesday morning it had dropped to $49.55. It’s most likely that oil was reacting to world stock markets switching from growth to correction.
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Market sessions

Vladislav Antonov

50/50 for Euro

Monday’s euro trades were calm. My market expectations rang true in full. The euro/dollar rate dropped to 1.1097 in the first half of the day and restored to 1.1159 in the second half. US stock markets were closed due to it being Independence Day. Trader volumes and activity were low.
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04 July 2016

Media reviews

Natalya Indeeva

Saudi Arabia Signaled It's OK With Oil at $50 a Barrel (News: 04/07/2016)

Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX USD/SEK – Bear Speculation: Return to Trend Line

Trading opportunities for currency pair: after the Brexit, the USD/SEK switched into a correctional phase. I reckon that it will continue until August and the rate will not surpass the 8.7451 maximum. On the road to the trend line (8.1097) the sellers meet two interim levels: 8.3191 and 8.2186. Any fall will be cancelled by a close of the daily candle above 8.5510. Above here we can place a protective stop.
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Market sessions

Vadim Josub

China Injects Capital into Financial Markets

Last week the People’s Bank of China injected 840 billion yuan (129 billion USD) into the financial market to increase liquidity. As such, on Thursday and Friday the central bank conducted seven-day reverse repos (purchasing securities which must be sold back at a fixed price) to the tune of 50 billion and 130 billion yuan respectively.
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Alexander Razuvaev
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