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Forex Market Reviews

12 July 2017

Media reviews

## pham

Forex - Dollar lower after Yellen says inflation is key uncertainty (News: 12/07/17)

Investing.com - The dollar weakened against a basket of the other major currencies on Wednesday after Federal Reserve Chair Janet Yellen reiterated that the U.S. central bank will stick to a gradual approach when raising interest rates.
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Market sessions

## wisniewski

Daily analytical report (12/07/17)

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US dollar collapse, EURUSD, Gold, EURGBP
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Market sessions

Gabriel Ojimadu

Euro/dollar correcting after yesterday’s rally

At the beginning of the European session, MPC member Ben Broadbent, after hitting the pound yesterday, dealt another blow in an apparent attempt to keep it down a while longer and support British exports. In an interview with Press and Journal, he said that he wasn’t currently inclined to vote in favour of a rate hike. The pound/dollar reacted to this with a 35-pip slide. A session low of 1.2812 was recorded, but the pound recovered against the dollar after UK unemployment data was released, pushing it up by 58 pips to 1.2870.
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Market sessions

Gabriel Ojimadu

EURUSD: price came close to 1.15

On Tuesday the 11th of July, trading on the euro closed significantly up. Before the US session, the price was trading within a 20-pip range. The price exited this range as BoE representative Broadbent gave his speech and the euro/pound cross sharply rose. US bond yields fell by 1% to 2.37%.
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11 July 2017

Media reviews

## pham

Forex - Canadian dollar lower as BoC rate review looms (News: 11/07/17)

Investing.com - The Canadian dollar slid lower against its U.S. counterpart on Tuesday, retreating further from Friday’s 10-month highs as investors awaited the outcome of the upcoming Bank of Canada policy meeting on Wednesday.
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Market sessions

## wisniewski

Daily analytical report (11/07/17)

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GBPUSD, USDCHF, AUDUSD
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Market sessions

Gabriel Ojimadu

EURUSD: trend line broken through on the hourly timeframe

On Monday, trading on the euro closed slightly down and within Friday’s range (intraday bar). My expectations for Monday came off in full. In the first half of the day, the NFP report continued to provide support for the dollar. Given that the economic calendar was empty, euro bulls were easily able to induce a rebound from the trend line and return the price to 1.1408.
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