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Forex market reviews

08 July 2015

Commodities

Anna Kokoreva

Anna Kokoreva

Brent Oil Testing the $55 per Barrel Mark

Wednesday’s oil quotes continue to fall. Brent oil at 12:15 EET was trading at the $56.52 mark per barrel. The price of WTI with August delivery is $51.98. By yesterday’s close, North Sea oil on August contracts was trading at $57.34 per barrel, whilst light crude was going for $52.89 a barrel.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Pound Reaching For the Support Around 1.54

The pound is continuing to surprise me. Greece and the troika are messing with trader’s minds and the pound is falling even with positive statistics coming out of the UK. I don’t see any logic in the pound’s behavior.
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07 July 2015

Market sessions

Vladislav Antonov

Vladislav Antonov

Pound Trying to Break from Daily Trend Line

The UK pound does not cease to astound me. On Friday it was down before the Greek referendum and on the back of strong statistics, yesterday it grew to 1.5627 from nothing. I don’t even want to try and understand what’s going on with these anomalies. Although, I do understand that things don’t happen for nothing.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Euro Finds Balance Point at 1.1030

On Monday the euro/dollar renewed after a fall to the balance line and closed the day at 1.1055. Traders of the euro are waiting for the ECB’s verdict on the ELA program and the results of the EU summit regarding the Greek problem.
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