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FXTM Forex Market Update | 18/05/2017

The brewing political uncertainty in Washington has sparked concerns over Donald Trump’s ability to move forward with his proposed pro-growth policies. This sense unease continues to accelerate the flight to safety while punishing global stocks. Sellers have even exploited the uncertainty to pressure the Greenback while Gold is back in bid. Investors will direct their attention towards the retail sales report in the UK which should provide some insight to how consumers have been impacted by Brexit. Risk aversion may become a dominant theme as the Trump developments take center stage. - #The EURUSD currently trades around 6 months highs - #GBPUSD bulls are eying the 1.3000 resistance - Risk aversion is slowly turning #Gold bullish on the daily charts For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

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Alex Gurr
25 May @ 01:12 By Alex Gurr, Guest Analyst
US equity bulls look to strike
The US economy has so far been slightly less upbeat as of late, as Trump fears split over into the market leading to a selloff in the equity markets and the US dollar. So far those fears have been driven back by the recent trade deals with Saudi Arabia around US infrastructure and the markets...
24 May @ 12:40 By Lukman Otunuga, Research Analyst
The Tale of OPEC and U.S Shale
The growing optimism over big oil-producing countries extending output cuts to mitigate oversupply woes propelled WTI Crude to a fresh monthly high at $51.76 on Wednesday. Although OPEC and Non-OPEC members have, on repeated occasions, exploited oil’s sensitivity to generate speculative...
23 May @ 13:43 By Lukman Otunuga, Research Analyst
Markets mixed as investors tread carefully
The Greenback was under pressure on Tuesday with prices finding comfort near a six-month low against a currency basket as political turmoil in Washington weighed heavily on sentiment. A growing sense of anxiety over Trump’s ability to move forward with the pro-growth policies amid this...