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FXTM Forex Market Update | 20/04/2017

Global stocks were on the defensive this week as the combination of depressed oil prices and anxiety ahead of the French presidential elections this weekend left investors edgy. Oil found itself under renewed selling pressure on Wednesday after an unexpected weekly climb in U.S gasoline supplies compounded with existing oversupply fears. Although Sterling staged an impressive rebound this week on the back of U.K Prime Minister Theresa May shocking markets by announcing early elections, the rally’s sustainability comes to question. - The #EURUSD bulls could challenge 1.0750 - #GBPUSD currently hovers around 1.2800 - #Gold remains bullish above $1260 For more Market Analysis on Technical Analysis and Fundamental Analysis, read the latest @ http://fxtm.co/marketupdate-yt

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