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Forex market reviews

09 August 2018

Media reviews

Tina Pham

Tina Pham

U.S. labor market tightening; inflation steadily rising (news: 09/08/18)

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market weather ongoing trade tensions between the United States and a host of other countries.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (07/08/18)

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EURUSD is still struggling with the bullish bounce after the price touched the long-term neckline, NZDUSD, after the dovish RBNZ, is falling like a rock, and gold is in a deep downwards trend.
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Market sessions

Gabriel Ojimadu

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EURUSD: the target of 1.1665 remains in force

On Wednesday the 8th of August, trading on the euro closed slightly up. High volatility on the market was observed during the European session. The euro rose from 1.1573 to 1.1628 amid a lack of important events and news concerning Sino-US trade relations.
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08 August 2018

Media reviews

Tina Pham

Tina Pham

China to slap additional tariffs on $16 billion worth of U.S. goods (news: 08/08/18)

BEIJING (Reuters) - China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (08/08/18)

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USDCAD appears to be ready to finish the bearish correction, EURUSD is poised for another bearish wave, and CHFJPY has been trying to defend the lower line of the long-term wedge for the past two days.
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Market sessions

Gabriel Ojimadu

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EURUSD: the first significant resistance is 1.1665

Despite the tense trade relations between the US and China, EURUSD finished trading up on Tuesday and the dollar index corrected from 95.36 to 94.99.
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