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Forex market reviews

27 March 2018

Media reviews

Tina Pham

Euro zone sentiment falls in March, casting doubt on growth outlook (news: 27/03/18)

BRUSSELS (Reuters) - Economic sentiment in the 19-countries sharing the euro slipped for the third month in a row in March, data from the European Commission showed on Tuesday, suggesting economic growth in the bloc was not as steady as previously thought.
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Market sessions

Gabriel Ojimadu

EURUSD: symmetrical triangle on the hourly timeframe

On Monday the 26th of March, trading on the EURUSD pair closed up. The rally began during the European session with a rise in European stock indices and American futures. Investors got a boost from reports that the US and China have started trade negotiations. There’s been increased demand for riskier assets after shared optimism that the US and China will reach an agreement on their future trade relations. US stocks had risen 2.8% by the end of the day, while the euro made it to 1.2462 against the dollar.
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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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Alexander Razuvaev
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