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

‘Indecent’ earnings please equity bulls
Lukman Otunuga

15 July @ 18:05

By Lukman Otunuga, Research Analyst

‘Indecent’ earnings please equity bulls
The greenback is suffering today, slumping to a one-month low as stocks surge back to reclaim the June highs. Hopes for Moderna’s vaccine are elevated, while Goldman Sachs smashed top and bottom-line expectations for its earnings, posting the second highest revenue in history on blockbuster fixed... Read full post
Vaccine hopes fuel market optimism; OPEC in focus
Lukman Otunuga

15 July @ 10:24

By Lukman Otunuga, Research Analyst

Vaccine hopes fuel market optimism; OPEC in focus
  The sentiment pendulum is positioned to swing deeper into ‘risk-on’ territory as markets take heart from vaccine hopes and expectations of further stimulus for pandemic-hit economies. Wednesday’s trading session has commenced on a positive note, with Asian shares edging higher... Read full post
Oil awaits OPEC+ supply cuts decision
Han Tan

15 July @ 05:42

By Han Tan, Market Analyst

Oil awaits OPEC+ supply cuts decision
Benchmark Oil prices continue to mark time as OPEC+ readies its decision today on its supply cuts programme. Markets are expecting the alliance of major Oil-producing nations to start easing off on the 9.6 million barrels a day (bpd) it has been withholding from the markets since May, and... Read full post
Scroll Top