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Market Review

The review of the forex market from August, 18th. Results of trading sessions and forecast for today

Author: | Market Review | No comments

Geopolitical problems again become a catalyst for the market;

 

In the absence of any significant economic data, the political unrest in Washington and the terrorist attack in Spain have become a catalyst in the flow of news on foreign exchange markets. The dollar weakened against most of the major currencies, while the yen appreciated significantly. Events in the US can take an unpredictable character. Read more

The review of the forex market from August, 16th. Results of trading sessions and forecast for today

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The yen is strengthening against the backdrop of problems in the US;

The consumer price index in Europe justified the forecast;

Data for Australia and Britain are better than expected;

 

 

As Asian traders closely followed the news from the US, the yen rose, and the dollar continued to decline after the release of the Federal Reserve’s minutes of the meeting last night. The Australian dollar strengthened after data on unemployment. Until the end of the week, important news will be one and it will be released tomorrow. The news on the basic index of production prices from Canada, should affect the Canadian currency. However, experts are sure that there will be considerable volatility to the Canadian, tomorrow’s news will not add. Read more

The review of the forex market from August, 16th. Results of trading sessions and forecast for today

Author: | Market Review | No comments

The dollar continues to rise against the yen after the publication of optimistic data on retail sales;

Data on unemployment have strengthened the pound;

 

The US dollar continued to gain momentum during the Asian session after yesterday, a sharp increase in the yen, after the publication of data on retail sales in the US. The pound, after the morning decline against the US dollar, was strengthened due to good unemployment figures. Other currencies, including the euro, the Australian, the kiwi and the Canadian dollar, also managed to recover some of the losses against the US currency. The dollar index was trading at the level of 93.84 during the Asian session. Read more