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Forex Market Reviews

06 July 2017

Market sessions

## wisniewski

Daily analytical report (06/07/17)

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WTI, SP500, DAX
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Market sessions

Gabriel Ojimadu

EURUSD: expecting a 45-degree rebound after the slide

Trading on the euro/dollar pair closed slightly up on Wednesday. The rate fell to 1.1312 during the European session on comments from ECB board member Benoît Cœuré. Another contributing factor to the euro’s slide was the collapse in oil prices. This, in turn, weighed down on commodity currencies.
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05 July 2017

Media reviews

## pham

Dollar Rebound Extends as Markets Await FOMC Minutes (News: 05/07/17)

Dollar's rebound extends today as markets are awaiting FOMC minutes. The key to watch is any hint on the next move of Fed. That is, whether Fed will hike rates in September and start shrinking the balance in December, or reverse. Or, Fed would indeed do nothing in September. Currently, fed fund futures are pricing in less than 20% chance of a September hike. Also, odds for federal fund rates to hit 1.25-1.50% and above in December is less than 60%. Technically, the greenback is staying near term bullish against Yen. But Dollar is holding below near term resistance against Euro, Sterling, Aussie and Canadian, and stays bearish.
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Market sessions

Gabriel Ojimadu

Euro shaken by Cœuré’s speech

On Wednesday, during Asia’s session, the euro/dollar rate recovered to 1.1369. In Europe, the price hit its session high. On the back of comments from ECB board member Benoît Cœuré, the euro fell against the dollar to 1.1312 and against the pound to 0.8762. He announced that the regulator hadn’t discussed the prospect of curtailing its stimulus program at the latest meeting.
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Market sessions

## wisniewski

Daily analytical report (05/07/17)

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Dollar on the rise, some examples of price action, EURUSD, AUDUSD, GBPUSD.
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Market sessions

Gabriel Ojimadu

EURUSD: still on downwards course towards 1.1312

Yesterday, the single currency closed down against the US dollar for the third session in a row. After falling to 1.1336, trading on the pair levelled out and was trading at around 1.1347 until the end of the session. Activity on the Forex market yesterday was minimal due to there being a national holiday in the US.
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Market sessions

## wisniewski

Daily analytical report (05/07/17)

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Potential low volatility on the 4th of July, EURUSD, AUDUSD and Gold all bearish.
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Our Analysts

Alexander Razuvaev
Alexander Razuvaev

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Gabriel Ojimadu

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Vadim Iossub
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