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Forex market reviews

26 March 2018

Media reviews

Tina Pham

China's premier pledges market opening in bid to avert U.S. trade war (news: 26/03/18)

BEIJING (Reuters) - Premier Li Keqiang said on Monday China and the United States should maintain negotiations and he reiterated pledges to ease access for American businesses, as China scrambles to avert a trade war.
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Market sessions

Gabriel Ojimadu

EURUSD: rebound from the trend line

On Friday the 23rd of March, trading on the euro closed up. The euro rose against the dollar to reach 1.2372. The catalyst for this movement was the greenback’s decline along with a retreat to safe haven assets (gold, yen, franc) on the back of an escalation in rhetoric over trade between the US and China. US10Y bond yields dropped from 2.85% to 2.80%.
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23 March 2018

Media reviews

Tina Pham

Global markets plunge as China reacts to Trump’s steel tariffs (news: 23/03/18)

Global markets have dropped sharply after China retaliated against Donald Trump’s decision to impose tariffs on steel and aluminium, fuelling fears of an all-out trade war between the world’s two largest economies.
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Market sessions

Gabriel Ojimadu

EURUSD: wide-ranged flat on the hourly timeframe

On Thursday the 22nd of March, trading on the euro closed down. The rate dropped to 1.2285 during the European session. The single currency was pushed down by a multitude of factors, including a drop in German bond yields, the EURGBP cross, and weak German and Eurozone data.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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