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Forex market reviews

31 May 2018

Market sessions

Gabriel Ojimadu

EURUSD: euro bulls at a loss over uncertainty in Italy and Spain

On Wednesday the 30th of May, trading on the EURUSD pair closed up. On the back of some correctional movement on the US dollar, the single currency managed to return to 1.1647, after which a new wave of sales began. After reaching 1.1595, the rate shot up to 1.1676.
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30 May 2018

Media reviews

Tina Pham

Euro bounces off 10-month lows as Italy tries to end turmoil (news: 30/05/18)

LONDON (Reuters) - The euro recovered on Wednesday from 10-month lows after reports that Italy’s biggest party would make a renewed attempt to form a coalition government and end months of political turmoil.
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Market sessions

Gabriel Ojimadu

EURUSD: euro bulls trying to get back up

On Tuesday the 29th of May, trading on the euro closed down once again. This makes it 23 bearish candlesticks since the 17th of April. The euro is under pressure from a broadly resurgent US dollar as well as increased political risks in Italy and Spain. During trading in Europe, the pair dropped to 1.1510, after which an upwards correction began.
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