Forecast and technical analysis EURUSD on June 15, 2016.

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Market Participants Getting to Grips with UK Leaving EU

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The euro/dollar closed down 83 points yesterday at 1.1206. The euro fell under pressure after German 10-year bonds fell below zero. They are currently at -0.001% against a maximum fall’s 0.027%. The euro and the pound updated their minimums against the dollar after the release of new surveys which indicated Brexiters are gaining more ground.

Forecast and technical analysis EURUSD on June 14, 2016.

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Expected Extension of Correction to 1.1320

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On Monday the euro closed up against the American dollar. By the close of the American session, the price had corrected from a 1.1232 minimum to 1.1278. From here the bulls lost all of their profit when the market saw information from a new Brexit survey. The survey indicated a rise in those wanting to stay in the EU.

Forecast and technical analysis EURUSD on March 16, 2016.

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Monday Against Friday

Yesterday’s Trading:
The euro closed down against the USD on Friday. The price dropped to 1.1282 due to positive US stats. Consumer confidence and retail sales were better than expected. The Reuters/Michigan consumer confidence index stood at 95.8 against a forecasted 90.0 and 89.0 in April. Retail sales showed an unexpected growth of 1.3% in comparison with a -0.3% fall in March and only a 0.8% rise forecasted.

Forecast and technical analysis EURUSD on March 13, 2016.

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Update of Weekly Minimum Expected for Euro

Yesterday’s Trading:
By the end of Thursday, the euro/dollar had closed up. On the one hand, the close of the day was at 1.1375: a positive thing for the sellers for them to continue the fall to 1.1275. On the other hand, the reasons for the dollar’s strengthening after weak US labour market data are unclear.

Forecast and technical analysis EURUSD on March 10, 2016.

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Euro/Dollar Trading Close to Daily Trend Line

Yesterday’s Trading:
On Monday the euro/dollar spent the day in a 1.1374 – 1.1419 price range. The euro was consolidating underneath the LB. The dollar was hanging on to its position after Friday’s weak NFP on expectations that wage growth in the US will continue and the Fed will raise rates another two times this year. Judging by the futures for the rates, the Fed will put their rates up one more time, but no earlier than September.

Forecast and Technical Analysis of the Crude Oil Futures on March 10, 2016

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Brent: Sellers Targeting $42.20

On Monday Brent closed at $46.15 per barrel. The price gap was +1.8%. Oil was up due to the Saudi minister for oil losing his positions and the forest fires in Canada. On 7th May, the Salman of Saudi Arabia, Salman, bin Abdulaziz Al Saud, dismissed the chief of the ministry for oil, Ali al-Naimi. The ministry for oil was replaced by the newly created ministry for energy, industry and mineral resources, headed by oil company Saudi Aramco.

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