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Forex market reviews

19 June 2018

Media reviews

Tina Pham

Dollar holds gains as U.S. housing starts hit near 11-year high (news: 19/06/18)

The dollar remained close to an 11-month high against a basket of currencies on Tuesday as domestic housing starts jumped to near an 11-year peak in May, suggesting resilience in the real estate sector despite higher mortgage rates.
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Market sessions

Gabriel Ojimadu

EURUSD: the euro’s situation is ambiguous

Since the euro’s collapse on Thursday during Mario Draghi’s press conference, the daily candlesticks have closed up two days in a row. At the beginning of yesterday’s European session, the euro slid to 1.1565. It then recovered to 1.1620 in the US session, and climbed higher to reach 1.1645 in today’s (Tuesday’s) Asian session. The market’s fluctuations yesterday occurred against the backdrop of an escalation in the trade dispute taking place between the US and China.
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18 June 2018

Media reviews

Tina Pham

China's tariffs on U.S. oil would disrupt $1 billion monthly business (news: 18/06/18)

SINGAPORE (Reuters) - China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.
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Market sessions

Gabriel Ojimadu

EURUSD: bears hold their ground at around 1.1625

In the first half of the trading day, the EURUSD pair has seen mixed dynamics. The declining euro crosses brought the rate down to 1.1565. As trading opened in London, it recovered to 1.1620. Here, most of the crosses went into positive territory. The bulls managed to push the price up and partially recover their losses after Thursday’s collapse.
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Market sessions

Tina Pham

Trade war pushes investors towards the dollar

Talk of a trade war between the US and China, which for some time remained dormant due to a detente in rhetoric, is once again in the foreground. Last Friday, US President Donald Trump announced the introduction of new import duties for Chinese goods totaling 50bn USD. It is already known that the plan to impose the tariffs will be implemented in two stages. The initial stage will begin on the 6th of July, and entails tariffs on 34bn USD in goods.
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Market sessions

Gabriel Ojimadu

EURUSD: euro remains under pressure

On Friday the 15th of June, trading on the euro closed slightly up. After reaching a new low of 1.1543, prices recovered to 1.1627. The euro corrected on the back of technical factors, which came into play after the publication of mixed US data. The New York and Michigan indices exceeded expectations. Meanwhile, the industrial production index posted a decline.
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Alexander Razuvaev
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