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Forex market reviews

13 May 2016

Market sessions

Vladislav Antonov

Vladislav Antonov

Update of Weekly Minimum Expected for Euro

By the end of Thursday, the euro/dollar had closed up. On the one hand, the close of the day was at 1.1375: a positive thing for the sellers for them to continue the fall to 1.1275. On the other hand, the reasons for the dollar’s strengthening after weak US labour market data are unclear.
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12 May 2016

Media reviews

Natalya Indeeva

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Bank of England Issues Starkest Warning Yet on ‘Brexit’ (News: 12/05/16)

The Bank of England said Thursday that a vote to leave the European Union could slam the brakes on growth in the U.K., push up unemployment and stoke inflation, in its clearest warning yet about the potential economic costs surrounding a referendum on membership next month.
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Analyst Contest

Analyst Contest participant

Analyst Contest participant

AUS200 Update – Confluence of Signals

As mentioned as a possibility in the previous analysis, the AUS200 continued its climb until reaching a previous turncoat resistance and the upper part of a descending channel based on W chart (drawn in dotted red).
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Market sessions

Vladislav Antonov

Vladislav Antonov

Euro Breaks from Trend Line

The euro/dollar on Wednesday restored from 1.1370 to 1.1446. Over the course of the day, the euro bulls found support from the euro/pound cross rate. The pound weakened against the euro after UK industrial production and manufacturing data came out.
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