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FXTM Forex Market Update | 17/07/2018

Stocks markets were mostly mixed while the Dollar dipped ahead of Federal Reserve Chairman Jerome Powell’s Congressional testimony. The Pound weakened despite the UK jobs report meeting market expectations while Gold remained pressured. Although global trade developments remain a dominant market theme, investors will direct most of their attention towards Powell. The Dollar has scope to appreciate if the central bank head adopts a hawkish stance during his testimony. • The #GBPUSD remains pressured below 1.3190 on the daily charts • #Gold could depreciate towards $1230 if $1240 is breached. For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt

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Lukman Otunuga

15 February @ 14:37

By Lukman Otunuga, Research Analyst

Investors sigh as trade talks drag on; Gold glitters
A sense of disappointment was felt across financial markets today after high-level trade talks between the US and China ended with no immediate announcement from either side. Although US Treasury Secretary Steven Mnuchin said the negotiations were ‘productive’, the amount of progress made...
Lukman Otunuga

15 February @ 04:12

By Lukman Otunuga, Research Analyst

EM currencies wait on trade talks; Yuan weakens
Emerging market currencies held steady near the end of the week as cautious optimism over the progress of US-China trade talks supported appetite for riskier assets. Higher-yielding currencies like the Brazilian Real and Mexican Peso among many others held onto gains against a softer US Dollar....
Hussein Sayed

14 February @ 09:18

By Hussein Sayed, Chief Market Strategist (Gulf & MENA)

Investors on the sidelines awaiting trade negotiations outcome
Investors in Asia are sitting on the sidelines as they cautiously await the outcome of high-level trade talks between the U.S. and China. With the earnings season almost coming to an end, asset prices will begin to fluctuate on daily news headlines. So far, it seems we have more positive than...
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