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Forex market reviews

21 June 2018

Media reviews

Tina Pham

Tina Pham

Bank of England moves closer to August interest rate rise (news: 21/06/18)

The Bank of England raised the chances of an August rate rise after its chief economist joined two other members of its rate-setting monetary policy committee voting for an immediate hike in borrowing costs.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (21/06/18)

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The last two weeks have not been very pleasant for price action traders. The market has been even more unpredictable than usual. This week has brought us more technical movements, and I bet that many of you are taking advantage of this.
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Market sessions

Gabriel Ojimadu

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EURUSD: markets await results of Bank of England meeting

On Wednesday the 20th of June, trading on the euro closed slightly down at 1.1570. In general, the statements of the heads of the Central Bank at the conference in Portugal did not have a noticeable effect on major currencies. During the European session, the euro fell to 1.1537. When the US session came around, the price corrected to 1.1600.
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20 June 2018

Media reviews

Tina Pham

Tina Pham

Fed's Powell says jobs market not too tight, repeats case for gradual rate hikes (news: 20/06/18)

(Reuters) - The U.S. jobs market does not appear overly tight and the Federal Reserve should continue with a gradual pace of interest rate rises amid a strong economy to balance its employment and inflation goals, Fed Chairman Jerome Powell said on Wednesday.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: euro to drop towards the US session

On Tuesday the 19th of June, trading on the euro closed down. After an upwards correction to 1.1645, the euro slid to 1.1531 (-114 pips) during the European session. The greenback climbed across the board on the back of an escalation to trade dispute taking place between China and the US, piling further pressure on the EURUSD pair. Mario Draghi’s comments also weighed on the euro, although this news is playing second fiddle to the trade war. When the US session came around, the rate corrected to 1.1596.
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