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FXTM Forex Market Update | 24/07/2018

Global equity markets stabilized as investors overlooked trade tensions to focus on corporate earnings. In the currency markets, the Dollar weakened on profit-taking. Gold bulls were offered support in the form of Dollar weakness but for how long? With the economic calendar relatively quiet, price action is likely to dictate where currencies and commodities trade. • #GBPUSD has edged higher thanks to a softening Dollar • #Gold remains bearish on daily charts with $1213 in sight For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

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GBPUSD headed for 1.30 after UK, EU reach Brexit deal
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17 October @ 13:16

By Han Tan, Market Analyst

GBPUSD headed for 1.30 after UK, EU reach Brexit deal
The Pound soared towards the 1.30 level against the US Dollar, after UK Prime Minister Boris Johnson and European Commission President, Jean-Claude Juncker both announced that a Brexit deal has been reached. Sterling’s surge reflects the relief among investors that both sides were able to get a... Read full post
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17 October @ 10:26

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

Sentiment mixed as US data disappoints; Brexit under the spotlight
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Dollar index drops after US retail sales' surprise contraction
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16 October @ 16:20

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Dollar index drops after US retail sales' surprise contraction
The Dollar index (DXY) immediately fell by some 0.2 percent, dropping below the 98.0 psychological level once more, following the release of the September US retail sales data. The print showed a 0.3 percent month-on-month decline, versus the 0.3 percent gain that markets had expected. This was the... Read full post
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