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FXTM Forex Market Update | 18/01/2018

Dollar weakness was a dominant market theme this week. Sterling jumped to levels not seen since the June 2016 amid market optimism over a soft Brexit outcome. In the commodities arena, WTI Crude was on standby while Gold ventured lower. -The #EURUSD remains bullish on the daily charts - #GBPUSD bulls are eyeing 1.3850 - #Gold needs to break above $1340 for further upside For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

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Sterling, Dollar and Gold in focus
Sterling bears entered the scene on Friday after British retail sales tumbled sharply in December. U.K retail sales slumped -1.5% in December as the unsavoury combination of rising inflation and tepid wage growth sapped consumer’s spending power. With wage growth consistently lagging...
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18 January @ 22:19 By Alex Gurr, Guest Analyst
Oil bears gain ground on gasoline inventories
Oil has been one of the standout trades in 2017 and so far in 2018 it has looked positive. One of the reasons behind that has been the constant drawdown's in inventory in the US which has helped push up prices further. Today's reading was of course a mixed signal with a strong drawdown of -...
18 January @ 15:58 By Lukman Otunuga, Research Analyst
Global shares mixed, Crude oil steady
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