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Forex market reviews

12 October 2018

Media reviews

Tina Pham

Tina Pham

Stocks - Dow Surges Over 300 Points; Banks Rally After Earnings (news: 12/10/18)

Investing.com - Wall Street surged on Friday as reasonably positive bank earnings and an appetite for beaten-down shares spurred buying after a four-day equity selloff.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (12/10/18)

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XAUUSD finally ended the sideways trend, oil went down sharply even despite the weaker dollar, and EURCHF is canceling the negative sentiment by breaking the horizontal resistance at 1.145.
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Market sessions

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Matthew Anthony

EURUSD: markets ready for a downwards correction

On Thursday the 11th of October, the euro rose to 1.1599 against the greenback. During trading in Europe, the EURUSD pair initially rose to 1.1599 following the publication of the minutes of the ECB’s latest meeting on monetary policy (the regulator pans to end its asset-purchasing program by the end of the year). The pair then dropped to 1.1546 on the back of a rise in US10Y bond yields before returning to 1.1599 after the release of US inflation data, which put pressure on the dollar.
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11 October 2018

Media reviews

Tina Pham

Tina Pham

Sterling nears three-month high as EU summit approaches (news: 11/10/18)

LONDON (Reuters) - Sterling rose against a weaker dollar on Thursday on hopes of a Brexit deal, but concern among investors about the Ireland border issue kept gains in check.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (11/10/18)

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EURUSD created the right shoulder of the iH&S pattern, broke the neckline, and went higher, SP500 broke the combination of a dynamic and horizontal support, thus activating a super important sell signal, and bitcoin is bearish, having bounced from the upper line of the descending triangle pattern and broken the lower line of the flag.
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Market sessions

Gabriel Ojimadu

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EURUSD: euro rising against the dollar with sharp pullbacks

On Wednesday the 10th of October, trading on the euro closed up. After a drop to 1.1480, the pair recovered to 1.1545. There are several potential factors behind this reversal.
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