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Forex market reviews

03 October 2018

Media reviews

Tina Pham

Tina Pham

Dollar gains after strong ADP jobs data, Italy weighs on euro (news: 03/10/18)

NEW YORK (Reuters) - The U.S. dollar gained on Wednesday as data supported the view that the U.S. economy is in strong shape and as concerns about Italy’s budget negotiations continued to weigh on the euro.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (03/10/18)

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EURUSD bounced from the 1.153 support, which proved to be crucial for both sides of the market, GBPUSD is showing an even better example of bearish sentiment, and XAUUSD reversed, creating a false breakout pattern.
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Market sessions

Gabriel Ojimadu

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EURUSD: the pair has gained a foothold above the balance line

On Tuesday the 2nd of October, trading on the EURUSD pair closed down. In the US session, buyers recovered a big portion of the losses they incurred during trading in Europe. The euro is under pressure from the situation in Italy, where the government has approved a budget deficit of 2.4% for 2019. Italian Deputy Prime Minister Luigi Di Maio gave markets some respite after saying that the government has no plans to leave the EU.
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02 October 2018

Media reviews

Tina Pham

Tina Pham

Stocks - Wall Street Drifts Following Trade-Fueled Rally (news: 02/10/18)

Investing - Stocks opened mixed Tuesday as investors took a pause following the strong rally in the previous session and digested more tensions in the EU over Italy’s budget.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (02/10/18)

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EURUSD is on the loose after breaking the lower line of the rectangular pattern, GBPUSD is going down after breaking the lower line of the upwards channel formation and then the lower line of the flag pattern, and lastly AUDUSD is showing a very technical sell signal.
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Market sessions

Gabriel Ojimadu

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EURUSD: euro back on the decline

On Monday the 1st of October, trading on the euro closed down. The rate rose to 1.1625 during the European session before dropping to 1.1564 in the US. I found the market’s behaviour confusing yesterday given that the euro dropped against the dollar on the back of positive news concerning Brexit, a rise in oil prices, and a drop in US10Y bond yields.
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