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Forex market reviews

03 June 2015

Market sessions

Analyst Contest participant

Alpari Analyst

Draghi Again Appeals For Reforms

Australian GDP in Q1 of 2015 grew by 0.9% in comparison with that of Q4 2014 and by 2.3% in comparison to that of Q1 of 2014. This is the strongest growth in a year. Furthermore, it was expected that the values would only be 0.7% and 2.1% respectively.
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Commodities

Anna Kokoreva

Brent to Be $64-66 a Barrel Until Week’s End

Oil quotes are falling Wednesday morning. Brent crude costs $64.98, whilst WTI with July delivery was trading at $60.59 per barrel. At Tuesday’s close, North Sea oil on July contracts was trading at $65.32 a barrel and the price of light crude was $60.99 per barrel.
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Market sessions

Vladislav Antonov

Pound Strengthened Against Dollar on Euro Growth

By Tuesday’s close the pound/dollar had grown to 1.5366. On the European session the pound strengthened against the dollar due to strong PMI data. On the American session, it followed the euro rising. This euro growth throughout the market was caused by data on consumer inflation in the Eurozone and also due to talk of Greece’s creditors coming to a final agreement about how the conditions to which the country will receive financial aid.
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02 June 2015

Market sessions

Analyst Contest participant

Alpari Analyst

Euro Grows Against Dollar on Eurozone Inflation Data

Today some Eurozone inflation data was published. The CPI grew by 0.3% YOY, with the base index at 0.9% YOY. These results will bear real importance in the build up to the ECB’s next meeting, scheduled for tomorrow, where they will make a decision on interest rates.
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Commodities

Anna Kokoreva

Brent Could Rise to $66.5 per Barrel by Day’s Close

Oil quotes on Tuesday morning are on the rise. Brent crude costs $65.30, whilst WTI with July delivery was trading at $60.63 per barrel. At Monday’s close, North Sea oil on July contracts was trading at $64.87 a barrel and the price of light crude was $60.23 per barrel.
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Market sessions

Vladislav Antonov

Pound Remains Under Pressure

On Monday the sellers sold the pound all the way to 1.5169 on the basis of weak PMI data in the UK and strong ISM in the USA. Now we’re waiting for the release of the PMI in the construction sector. This is putting real pressure on the pound. Then the focus will switch to the PMI in the British service sector (Wednesday) and the minutes from the Bank of England’s meeting (Thursday).
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Alexander Razuvaev
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