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Forex market reviews

22 October 2015

Media reviews

Natalya Indeeva

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Stocks Rise, Euro Falls as Draghi Hints ECB Could Expand Stimulus

Stocks rose and the euro sank against the U.S. dollar Thursday after European Central Bank President Mario Draghi hinted the central bank could expand its stimulus program at its December policy meeting.
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Market sessions

Vadim Josub

Vadim Iossub

European Courts Give Bitcoins Currency Status and Make it VAT Exempt

On 22nd October, the EU court undertook the decision to classify cryptocurrencies, including bitcoins, as that of usual currencies and therefore VAT exempt. This court decision defacto equates cryptocurrencies to other standard currencies. The whole idea of the decision is to make transactions involving bitcoins the same as operations which involve existing standard currencies.
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21 October 2015

Media reviews

Natalya Indeeva

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Saudis Risk Draining Financial Assets in 5 Years, IMF Says (News 21/10/15)

Saudi Arabia may run out of financial assets needed to support spending within five years if the government maintains current policies, the International Monetary Fund said, underscoring the need of measures to shore up public finances amid the drop in oil prices.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Euro/Dollar Trading in 40 Point Range

Trades in Europe are being conducted relatively calmly. As tomorrow’s ECB meeting draws nearer, the euro/dollar is trading in yesterday’s price range between 1.1323 and 1.1386. The euro is doing alright on the back of the euro/franc, euro/yen and euro/Australian dollar crosses.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Pound/Dollar: Expected Movement in Sideways Channel

In the review on the European session I expected a fall of the GBP/USD to 1.5325. It fell to 1.5434 and only today reached 1.5326. A sideways channel has formed. Taking into account that the ECB is to convene tomorrow and Mark Carney will speak today, I’ve gone for a fall of the pound to the lower limit of the channel at 1.5414 and then a return to 1.5475. Be prepared for the GBPUSD going lower than 1.5414.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Euro/Dollar: Rate Stabilised at 1.1350

On Tuesday the euro/dollar was up to 1.1386 during European trades. This growth wasn’t strengthened, so the price returned to 1.1331 by the close of the European session. Janet Yellen didn’t mention monetary policy, so there was no reaction to her speech.
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