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Forex market reviews

03 March 2016

Media reviews

Natalya Indeeva

ADP Reports Stronger-than-Expected February Payroll Growth (News: 03/03/2016)

Private-sector hiring unexpectedly jumped in February, the latest sign that rocky financial markets and slowing growth abroad haven’t derailed the U.S. job market
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Market sessions

Vladislav Antonov

1.0930 Target for Euro/Dollar

The euro managed to sit at 1.0850 throughout the first half of Wednesday. After the February ADP data came out better than expected, the euro came under another wave of sales. Employment in the US private sector rose by 214,000 compared with a forecasted 190,000 and 193,000 in January. The report offered short term support to the dollar.
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02 March 2016

Media reviews

Natalya Indeeva

Asian Markets Soar after Wall Street's Big Rally

Asian markets jumped Wednesday after encouraging signs of strength in the U.S. economy sent shares higher on Wall Street, and a weaker yen boosted Japan's benchmark. Europe started out on Asia's heels, but then cooled somewhat as the day progressed.
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Market sessions

Vladislav Antonov

Upward Correction for Euro on Hourly

Tuesday saw the euro update its minimum against the USD and returned to 1.0875 by close. The euro/pound fell to 0.7756. The euro is under pressure due to worries that the ECB could loosen its monetary policy further (reduce interest on deposits or expand QE) at its next meeting.
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