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FXTM Forex Market Update | 19/07/2018

Stock markets drifted lower as trade tensions weighed on market sentiment. The Dollar was king across currency markets thanks to US rate hike expectations. In the commodity arena, Oil depreciated while Gold tumbled to a fresh yearly low. The Pound weakened sharply after UK Retail sales heavily disappointed in June. - The #EURUSD remains pressured by monetary policy divergence - #GBPUSD has tumbled to a 10-month low - #Gold bears are eying $1200 For more Market Analysis read the latest @http://fxtm.co/marketupdate-fb

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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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