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Forex market reviews

03 August 2018

Media reviews

Tina Pham

Tina Pham

Stocks - Wall Street Flat After Jobs Data Miss (news: 03/08/18)

Investing.com - Wall Street was flat on Friday as investors weighed trade worries and the latest jobs data.
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Securities

Gabriel Ojimadu

## ojimadu name

Apple’s market cap hits 1 trillion USD

Over the last few weeks, the tech industry has been the centre of attention on the US stock market. Facebook and Twitter have both reported a 20% drop in their share price. At the same time, despite a weak quarterly report from Tesla (the company doubled its quarterly losses in Q2 to 717.5m USD), its share price still grew by 18% in the space of two days. Clearly, investors still believe in Elon Musk’s electric car revolution.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (03/08/18)

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Bitcoin failed to defend the support at 7,500 USD, the price is breaking the lower line of the symmetrical triangle on the NZDUSD pair, and NZDCAD broke the lower line of the triangle, as well as the long-term upwards trend line.
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Metals: gold and silver

Vadim Josub

Vadim Iossub

Gold is showing unusual movement

Important events for traders are occurring literally before our eyes on the gold market.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: markets await NFP

On Thursday the 2nd of August, trading on the euro closed down. By the time trading closed, the euro had dropped to 1.1582 against the greenback. The euro’s decline was catalysed by the dollar’s universal rise following the conclusion of the FOMC meeting combined with the selloff of risky assets as tensions between the US and China over trade turned up another notch.
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02 August 2018

Media reviews

Tina Pham

Tina Pham

Dollar, yen rise as U.S.-China trade war worries perk up (news: 02/08/18)

NEW YORK (Reuters) - The dollar rose against a basket of currencies on Thursday, as a flare-up in trade tensions between the United States and China drove traders to buy the U.S. currency.
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Commodities

Tina Pham

Tina Pham

Trade war causing a collapse in copper prices

It’s not the best of times for the copper market, and as the world looks on at the China-US trade dispute, metal prices are plummeting. It came to light this week that Washington is seriously considering imposing higher tariffs on Chinese goods. The tariffs may be increased to 25% from the previously-proposed 10%. It’ll probably be a matter of weeks before a final decision is made on the scale of the tariffs and when to impose them. The tariffs are expected to apply to around 200bn USD worth of Chinese products. This will make it more and more difficult for China to break into US markets. There are already tariffs in place on around 50bn USD worth of Chinese goods, which have already caused jitters on the market.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (02/08/18)

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The bullish setup on USD still persists on the market, CHFJPY is trying to erase the gains from the first two days of this week, and FTSE broke the major upwards trend line and the lower line of the wedge pattern.
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Cryptocurrencies

Gabriel Ojimadu

## ojimadu name

XBTUSD (Bitmex): buyers try to recover losses

On Wednesday the 1st of August trading on bitcoin closed down. That being said, buyers managed to recover most of their losses after hitting a new low. As a result, a candlestick with a long tail was formed. Because of its large body, it does not count as a reversal.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: correction to 1.1705 in the works

On Wednesday the 1st of August, trading on the euro closed down against the US dollar. The euro’s slide was brought about by growth on the dollar across the board as well as a rise in US10Y bond yields.
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