Risk warning: Trading is risky. Your capital is at risk. Exinity Limited is regulated by FSC (Mauritius).
Risk warning: Trading is risky. Your capital is at risk. Exinity Limited is regulated by FSC (Mauritius).

FXTM Forex Market Update | 31/07/2018

Global markets were mostly mixed as investors adopted a guarded approach ahead of the Federal Reserve policy meeting. The caution can be reflected across currency markets with the Dollar struggling for direction. In the commodity arena, Gold remains pressured mostly due to US rate hike expectations. With the economic calendar fairly light today following the BoJ meeting, price action may dictate where currencies and commodities trade towards. • The #GBPUSD needs to breach 1.3084 for further downside • #Gold bears are eyeing $1213 For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

Recently Uploaded

Latest Market Research Articles

Lukman Otunuga

22 April @ 23:52

By Lukman Otunuga, Research Analyst

Oil rallies after U.S. move to end Iran waivers; Dollar softens
WTI Oil and Brent crude both soared to fresh 2019 highs on Monday following reports that the United States will soon end waivers granted to countries importing Oil from Iran. The aggressive appreciation in oil prices has not only opened doors to further upside but confirmed how oil markets...
Lukman Otunuga

22 April @ 12:54

By Lukman Otunuga, Research Analyst

Oil price finds an unexpected friend in Trump
It’s difficult to comprehend what direction President Trump really wants Oil prices to go because on one side of the coin, his social media feed is flooded with public calls for prices to drop lower, but on the other side of the same coin, he has given Oil prices another shot in the arm this...
Hussein Sayed

22 April @ 10:14

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

Are we hitting an earnings recession?
This week is likely to be a critical one in determining the next move for U.S. equities. To date, 79 S&P 500 companies have announced actual results for Q1 2019. As usual, the big banks led the earnings season and most of them have outperformed Wall Street estimates. The financial sector’s...
Scroll Top