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Forex market reviews

01 November 2018

Media reviews

Tina Pham

Tina Pham

Bank of England keeps interest rates on hold at 0.75% (news: 01/11/18)

The Bank of England warned about the potential hit to Britain’s already weak growth rate from a slowdown in global trade and a no-deal Brexit, as it kept interest rates on hold.
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Market sessions

## anthony

Matthew Anthony

EURUSD: a return to 1.1309 is highly likely

On Wednesday the 31st of October, trading on the euro closed down by 0.28%. Pressure on the euro continues to stem from the uncertainty around the situation in Italy, as well as the general strengthening of the US dollar after the publication of positive data on the number of new jobs in the US private sector and the growth in 10-year US bond yields. The indicator exceeded market expectations.
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31 October 2018

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (31/10/18)

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CHFJPY has been in a nice bullish correction, which was initiated by the inverse head and shoulders pattern, EURNZD dropped below the horizontal support after creating the double top formation, and AUDCHF is in a similar situation as EURNZD, but the horizontal support is still fighting at the upper line of the ascending triangle, which was broken yesterday.
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Market sessions

## anthony

Matthew Anthony

EURUSD: the market stalls on a support as the euro weakens

On Tuesday the 30th of October, the euro closed down. Buyers tried to reverse the situation twice and both times were unsuccessful. The euro fell against the dollar to 1.1341. There were several factors which contributed to the weakening of the single currency.
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