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Forex market reviews

01 June 2018

Market sessions

Gabriel Ojimadu

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EURUSD: euro consolidating ahead of the NPF report and Spanish parliament vote

On Thursday the 31st of May, trading on the EURUSD pair closed slightly up. Despite the fact that the euro dropped to 1.1641, it managed to recover to 1.1700 by the end of the session. This recovery was the result of reduced pressure on the single currency. Giuseppe Conte is set to be sworn in as Italy’s Prime Minister today, along with his cabinet, having gained the approval of the president.
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31 May 2018

Market sessions

Gabriel Ojimadu

## ojimadu name

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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