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Forex Market Reviews

04 July 2017

Media reviews

## pham

Hawk talk fails to get a rise out of RBA’s Philip Lowe (News: 04/07/17)

RESERVE Bank governor Philip Lowe has played the role of economic party pooper, refusing to share the new-found ­enthusiasm of his international counterparts by serving up a muted assessment of Australia’s growth prospects.
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Market sessions

Gabriel Ojimadu

Euro has fallen against the US dollar along with the Aussie dollar

On Tuesday, the centre of attention for traders is the Australian currency. Before the RBA published their interest rate decision, the Aussie dollar was trading at 0.7680 against its American counterpart, having gained some strong support from strong retail sales data for May. Then, it became clear that the RBA would keep interest rates at their current level of 1.5%. On this news, the AUDUSD pair fell 60 pips to 0.7621. Following the Aussie’s lead, the pound and both euro also fell against the US dollar.
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Market sessions

Gabriel Ojimadu

EURUSD: continued fall expected

On Monday, the 3rd of July, the euro/dollar rate closed down. The US dollar rose against the single currency on the back of a technical correction, the closing of short positions on the dollar and low trading activity ahead of today’s national holiday in the US.
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03 July 2017

Media reviews

## pham

U.S. manufacturing activity rises more than expected in June – ISM (News: 03/07/17)

Investing.com - Manufacturing activity in the U.S. rose more than expected in June, according to an industry report released on Monday, bolstering optimism over the U.S. economy.
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Market sessions

## milchakova

The time of the euro is here

We’re betting on the euro as we believe that the EURUSD currency pair is set to continue its growth for the foreseeable future. As we see it, there are 7 reasons for this.
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Market sessions

Gabriel Ojimadu

EURUSD: long weekend in the US and Canada

On Friday the 30th of June, trading on the euro/dollar pair closed down. On the last day of the week, month and quarter, buyers retreated from the 1.1445 high to 1.1392 (-53). During the month of June, the euro appreciated by 1.55% (+175 pips). During the second quarter, it rose by 7.11% (+750 pips). I believe that this is a technical correction that still hasn’t come to an end. Markets ignored the statistics released before the long weekend in the US and Canada.
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