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Forex market reviews

16 June 2016

Media reviews

Natalya Indeeva

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U.S. Jobless Claims Rose Last Week (News: 16/06/16)

Initial claims for unemployment benefits, a proxy for layoffs across the U.S., increased by 13,000 to a seasonally adjusted 277,000 in the week ended June 11, the Labor Department said Thursday. It was the first increase in claims since the week ended May 7.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Fed Meeting Gone by, Now to 1.14

On Wednesday the euro/dollar finished trading up. The US Fed took the decision to leave interest rates unchanged in a 0.25% - 0.50% range. All voted to keep the base rate unchanged. The Fed is planning two rate hikes this year, however, six of the Fed bosses forecast there to be only one. According to the latest data from CME Group FedWatch futures for the rate, after yesterday’s meeting the likelihood of a rise in July has fallen from 21% to 7%. This means that we can expect to see a rise in September.
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15 June 2016

Media reviews

Natalya Indeeva

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China Below Pakistan at MSCI Shows Beijing’s Credibility Problem (News:15/06/16)

U.S. stocks snapped a four-day losing streak on Wednesday as lower chances of an interest rate hike offered solace to investors worried over the repercussions of Britain's possible exit from the European Union.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Dollar Correcting Before Fed Meeting

The euro and pound have been strengthening against the dollar. The currencies are coming back to reality after the latest Brexit surveys (referendum to take place on 23rd June).
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Market sessions

Vadim Josub

Vadim Iossub

Oil Still Correcting

Oil prices are continuing in their correction. All Tuesday they were in a $49.5-50.0 range per barrel of Brent, however a report from the API showed a growth in reserves of 1.518 million barrels against a previous week’s fall of 3.560 million barrels. As a result, oil dropped straight to $49.2 per barrel. On Wednesday during the Asian session, it managed to restore only to $49.1 after a fall to $48.9. This evening will see more oil reserve reports from the US (this time from the EIA) which are likely to lead to a rise in market volatility.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Market Participants Getting to Grips with UK Leaving EU

The euro/dollar closed down 83 points yesterday at 1.1206. The euro fell under pressure after German 10-year bonds fell below zero. They are currently at -0.001% against a maximum fall’s 0.027%.
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