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Forex market reviews

27 November 2015

Media reviews

Natalya Indeeva

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UK Q3 GDP Growth Falls To 0.5% As Massive Trade Gap Weighs On Economy (News 27/11/15)

Growth in the United Kingdom slowed to 0.5 percent in the quarter ending Sept. 30, down from a 0.7 percent expansion seen in the previous quarter, data released Friday by the Office for National Statistics (ONS) confirmed.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Pound/Dollar: Triangle Appeared

The double bottom pattern didn’t come off. The pound/dollar fell to 1.5065 but a decent looking triangle has appeared; only this figure is a continuation of the trend. The pound/dollar should return to its lower limit of 1.507 and then restore itself to 1.5114. It’s a shortened day in the US, so I haven’t considered any break. The UK’s GDP second assessment for Q3 will be published later, so I see no point looking at the news.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Euro/Dollar: Expected Flat

Thanksgiving in the US allowed the euro some respite. Due to the thin market, the euro dollar traded between 1.0599 and 1.0626. Without the US there’s no liquidity.
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26 November 2015

Media reviews

Natalya Indeeva

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U.S. Stocks Little Changed Ahead of Holiday

U.S. stocks ended mostly unchanged as consumer discretionary and health-care shares battled losses in other sectors on the last full trading day of the week.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Pound/Dollar: Expected Rise to 90 Degrees

My GBP forecast worked a treat. Due to a rise in the dollar, the GBP/USD dropped to 1.5055 and before the US holiday the price renewed to 1.5135. A double bottom formed with the 1.5114 maximum broken. The calendar is empty, so I expect the pound to strengthen to 1.5189 in the first half of the day. Low activity is expected for the market this evening. The rate should return to around 1.5120 on a thin market.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Euro/Dollar: Euro Can’t Strengthen below 1.0600

On Wednesday the EUR/USD renewed its minimum after American data came out positive; the number of initial applications from unemployment benefit was down significantly with durable goods orders up along with new housing sales and business activity in the service sector. Since the euro/dollar has reached a support, as the US holiday approached yesterday, a fixing of profit on USD long positions began. The euro/dollar headed back up another 75 points to 1.0641
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