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Forex Market Reviews

30 June 2017

Market sessions

Gabriel Ojimadu

EURUSD: price has reached the resistance zone

Trading on the euro/dollar pair closed up on Thursday. Despite a downwards correction to 1.1388, the euro-bulls bought up the single currency while it was weakening. Buyers believed in a tightening of monetary policy and didn’t take the ECB’s comments seriously that Mario Draghi’s speech concerning the stimulus program had been misinterpreted.
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29 June 2017

Market sessions

## wisniewski

Daily analytical report (29/06/17)

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Cable, EURGBP, USDCAD
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Media reviews

## pham

U.S. first quarter GDP growth revised higher on consumer spending uptick (News: 29/06/17)

The U.S. economy slowed less sharply in the first quarter than initially estimated due to unexpectedly higher consumer spending and a jump in exports, beating expectations and providing a slightly more encouraging outlook for growth this year.
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Market sessions

Gabriel Ojimadu

Euro-bulls consider opening new positions

During Thursday’s European session, the US dollar index (DXY) hit the lows of November last year. On the 11th of November, 2016, at the time of the US presidential election, the dollar collapsed against all other currencies. The UD dollar index fell to 95.88. Once the election results had become clear, traders moved to close their short positions on the dollar, which led to large-scale consolidation across the market.
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Market sessions

## milchakova

Overview of emerging market currencies: tenge leading in terms of growth

For the period from the 26th to 28th of June, currency markets were again trading rather peacefully, with optimism prevailing over pessimism. Brent oil has risen by 3% in this time. The aftermath of the hurricane in the Gulf of Mexico as well as the optimism surrounding the G20 summit to take place on the 7th and 8th of July will stop the currencies of developing countries from sliding too far.
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Market sessions

Gabriel Ojimadu

EURUSD: buyers have tested 1.14

Trading on the euro/dollar pair closed up on Wednesday. As the dollar weakened across the market, the euro came closer to 1.14 level, which has been tested in Asia.
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