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FXTM Forex Market Update | 06/03/2018

Global equity markets were on the rebound on Tuesday as fears eased over a looming global trade war. Sterling ventured higher thanks to optimism over the UK securing a transitional deal with the EU. In the foreign exchange market, the Pound edged higher thanks to a weakening Dollar. Gold remained supported by uncertainty with prices breaking above $1324.15. For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt

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22 June @ 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 June @ 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 June @ 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...