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Forex market reviews

27 May 2015

Market sessions

Vladislav Antonov

Vladislav Antonov

Dollar Returns Morning Losses

The currency market on Wednesday is quite impulsive. In Asia the euro/dollar rate renewed from a minimum of 1.0862 to 1.0928. The pound/dollar rose to 1.5436. The euro and the pound have lost all their profits gained on the dollar. The euro/dollar is trading around 1.0872, whilst the pound dollar is around 1.5379.
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Commodities

Anna Kokoreva

Anna Kokoreva

Brent Unlikely to Leave $63-68.5 Corridor on Wednesday

Oil quotes have seen a slight rise after yesterday’s fall. Brent crude at 10:15 EET was selling at $64.30, whilst WTI with July delivery was trading at $58.73 per barrel. At Monday’s close, North Sea oil on July contracts was trading at $63.92 a barrel and the price of light crude with delivery in July at the close of the New York session was $58.33 per barrel.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Expected Euro Correction in Region of 1.0915

At the American session on Tuesday, the US dollar continued its growth throughout the market. The EUR/USD renewed its minimum after the release of a set of statistics from the US which included data on orders for durable goods, consumer confidence and sales of new houses.
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26 May 2015

Commodities

Anna Kokoreva

Anna Kokoreva

Brent on Tuesday Trading 63-68.5 per Barrel

Oil quotes are continuing their correction. Brent crude at 10:15 EET was selling at $65.05, whilst WTI with July delivery was trading at $59.44 per barrel. At Monday’s close, North Sea oil on July contracts was trading at $65.64 a barrel and the price of light crude with delivery in July at the close of the New York session was $59.79 per barrel.
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Market sessions

Vladislav Antonov

Vladislav Antonov

Pound Follows Euro

On Monday the amount of trading going on was less since the markets in the UK, USA and Germany were closed in connection with holidays.
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