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Forex market reviews

17 June 2015

Market sessions

Vladislav Antonov

Pound Grows on Bank of England Minutes

The euro/dollar rose to 1.1291. As a consequence, the euro corrected to 1.1260 on the back of a fall in the euro/pound cross. The upward impulse for the British pound came from labor market data from the UK and the Bank of England’s minutes.
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Commodities

Anna Kokoreva

Azerbaijan has Spent Around 1.2 Billion US Dollars on Organizing European Games

On 12th June the first ever European Games opened with a bang in Baku. Despite the fact that the games opened without hitch, the event has come under a wave of criticism from EU and US media. Journalists are highlighting the expense of the games in a country whose economy is unstable.
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Market sessions

Vladislav Antonov

Euro Stabilizes by Balance Line

The euro/dollar closed down on Tuesday. The eurobulls were knocked down by weak European statistics and a fall in the yield on German bonds.
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16 June 2015

Market sessions

Vladislav Antonov

Market is Balanced: All Attention on American Statistics

Since the opening of the European session, the euro/dollar slid to 1.1329 and then returned to 1.1247. This was all as a result of movements on the German bonds and the statistics from Germany.
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Market sessions

Vladislav Antonov

Eurobulls Trying to Take Rate to Trend Line

Despite the possible Greek default, the euro/dollar rate on Monday closed with a growth. The Greek serial is becoming quite monotonous and so traders are focused more on American statistics before the Fed convenes. Monday movements against Friday’s didn’t pan out.
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Alexander Razuvaev
Alexander Razuvaev

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