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FXTM Forex Market Update | 19/12/2017

The global stock rally lost some momentum today as investors remained guarded ahead of a vote on US tax reforms. Dollar bulls were missing in action amid the caution while safe-haven assets such as Gold received a boost. With the economic calendar fairly light today, price action may dictate where currencies and commodities trade. - The #EURUSD remains pressured below 1.1850 - #GBPUSD is struggling to keep above 1.3300 - #Gold is eyeing $1267 For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt

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22 giugno @ 17:10

By Lukman Otunuga, Research Analyst

Oil rallies as OPEC strike output deal
Oil prices have appreciated sharply following reports of OPEC achieving a last-minute deal to boost crude oil production during a meeting in Vienna. In a positive development, OPEC ministers reached an agreement to increase oil production from July after Saudi Arabia successfully persuaded Iran...

22 giugno @ 13:34

By Lukman Otunuga, Research Analyst

Markets brace for OPEC showdown in Vienna
There seems to be a growing sense of uncertainty over what to expect from today’s OPEC meeting in Vienna, given the disagreements among major oil producers around whether to boost output. While Saudi Arabia and Russia have proposed to ease supply curbs, other members including Iran, Iraq,...
Alex Gurr

22 giugno @ 02:08

By Alex Gurr, Guest Analyst

OPEC looks to increase supply
Oil markets have been focused on the OPEC meeting happening at present which is likely to wrap up tomorrow and give some serious insight into OPEC's future plans for the market. So far though it looks like OPEC has agreed to increase supply in the market place by roughly 1 million barrels, however...