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Forex market reviews

04 March 2015

Market sessions

Vladislav Antonov

Euro/dollar breaks 1.1150 limit

The eurobulls were disappointed by the release of the PMI indexes. Business activity in the service sector dropped in Spain, Italy, the Eurozone, Germany and the UK.
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Market sessions

Vladislav Antonov

1.5325 – 1.5330 Zone: Strong Support for Pound

On Tuesday the pound/dollar rate slumped to a weekly minimum, but nevertheless didn’t hit the LB line. The pound’s fall was cut short by Canadian statistics. Canadian GDP for Q4 surpassed all expectations.
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Market sessions

Vladislav Antonov

Euro Sideways Drift Stretching 3 Days

On Tuesday the euro/dollar closed trading practically without change with regards to its Monday closing price. The price fluctuations have passed through the 63 point range. After a fall to 1.1154 the euro rebounded to 1.1217.
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03 March 2015

Market sessions

Vladislav Antonov

Pound: Expect a Fall to 1.15332

In the European trades on Tuesday the pound/dollar rate grew from the 1.5390 level to hit 1.5420 following the release of British data.
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Market sessions

Vladislav Antonov

Euro Sideways Drift Could Stretch Until Thursday

Eurozone inflation and unemployment data enabled a euro recovery against the dollar to the 1.1240 level on Monday. Unemployment is down, whilst inflation in February ended up higher than forecasted.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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