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FXTM Forex Market Update | 21/11/2017

Financial markets started the trading week with a bang as political risk in Europe weighed on sentiment and weakened the Euro. The Dollar remains volatile amid concerns over US tax reforms and expectations of higher US rates in December. In the commodities arena, Oil is turning sensitive ahead of the OPEC meeting on November 30th. Sterling received a slight boost on Tuesday on hopes that the UK government will break the deadlock on Brexit talks. - The #EURUSD has found itself pressure by political risk in Europe - #GBPUSD bulls look exhausted above 1.3230 - #Gold is turning bearish For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt

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Hussein Sayed

14 August @ 09:41

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

Equities recover as Lira stabilizes; Bitcoin falls below $6,000
After a rough start to the week, Asian stocks seemed to have found some support as the Turkish Lira steadied below 7 per dollar. Japan’s Nikkei 225 rose 1.8% with all sectors in green territory as the Yen gave up some of yesterday’s gains. Australia’s ASX 200 and the Korean KOSPI also edged higher...
Alex Gurr

14 August @ 00:58

By Alex Gurr, Guest Analyst

Oil comes under pressure, while the Turkish Lira continues to struggle
It has been a double whammy for oil markets today as a strengthening USD put some serious pressure on oil prices and as the OPEC forecast report for 2019 showed that they anticipated demand being lower than expected. It was quick to also point out that 2018 demand was 600k lower than expected as...

13 August @ 20:12

By Lukman Otunuga, Research Analyst

Lira collapse continues, Gold slides while Euro under pressure
The Turkish Lira was treated without mercy by sellers on Monday after Turkey's President Recep Tayyip Erdoğan warned the country was in an ‘economic war’. Investors have become extremely wary of holding the Turkish Lira as concerns mount over the nation descending into an economic...