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Forex market reviews

08 July 2016

Media reviews

Natalya Indeeva

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Euro zone growth 'to decelerate' after Brexit: IMF (News: 08/07/16)

The U.K.'s decision to leave the EU is expected to weigh on euro zone growth, the International Monetary Fund (IMF) said on Friday, lowering its growth forecasts for the 19-country region.
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Market sessions

Vadim Josub

Vadim Iossub

Chinese Forex Reserves Up

By the end of June this year, the total remainder of Chinese foreign currency reserves stood at $3.21 trillion, with a MoM increase of $13.43 billion. Such was the data which was published on Thursday by the Chinese central bank. In the recalculation for the SDR (Special Drawing Right – an international reserve asset) by the IMF also saw a rise last month for Chinese currency reserves.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Market Trying to Find Balance Point Before NFP

On Thursday the euro/dollar closed down. The price movements were similar to a sideways with a bearish tendency. The euro bulls made three attempts to break 1.1150 and all three were unsuccessful. The dollar strengthened after the release of US stats for the labour market which were better than expected. This data had real significance before the publication of the NFP. The euro/dollar fell to 1.1052.
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07 July 2016

Media reviews

Natalya Indeeva

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Osborne Pleads With Big Banks to Stay in U.K. (News: 07/07/16)

U.K. Chancellor George Osborne launched a charm offensive Thursday to reassure big international banks and convince them to stay in the U.K. after last month’s Brexit vote.
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Commodities

Natalia Milchakova

Natalia Milchakova

Oil Market: 29 June – 6 July

Last week, WTI futures plunged 6.4% to $46.31 per barrel. On 6th July the price of WTI crude oil reached a local bottom of $45.91 per barrel. The short-term downtrend was broken earlier, on 5th July, when the price dropped 4%. On 6th July the crude price was continuing to decline.
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Market sessions

Vadim Josub

Vadim Iossub

Asian Markets Going Different Ways

The Asian stock markets are travelling in different directions this morning, showing on the one hand that the recent short-lasting rally is coming to an end, and on the other that traders aren’t running from risks. The markets are gradually normalising and are starting to live each to their own. The Nikkei 225 fell by 0.5%. The ASX Australia was up 0.5%. The Shanghai Composite lost 0.3%, and the Hang Seng increased by 0.8%. Futures for the S&P500 were trading at 2093; close to the previous trading day.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Euro Returned to 1.11

The euro/dollar closed up on Wednesday. Trades were volatile due to US stats. The pair restored to 1.1087 and then again fell under pressure due to ISM data for the service sector. The ISM’s index showed a June rise from 52.9 to 56.5 (forecasted: 53.3).
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