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

Caution makes a comeback as Trump reminds global investors of tariff risks
Han Tan

17 July @ 04:35

By Han Tan, Market Analyst

Caution makes a comeback as Trump reminds global investors of tariff risks
Asian stocks continue to decline after the S&P 500 ended five straight days of gains to ease off its record high, as US President Donald Trump reiterated his tariff threat over $325 billion worth of Chinese imports. Investors who are hopeful of a US-China trade deal in the near-term have...
Pound engulfed by Brexit fears as prices tumble to two year low
Lukman Otunuga

16 July @ 18:21

By Lukman Otunuga, Research Analyst

Pound engulfed by Brexit fears as prices tumble to two year low
The rising threat of  a no-deal Brexit has made the British Pound the worst performing G10 currency today with the GBPUSD tumbling to levels not seen in 27 months - below 1.2420. Boris Johnson and Jeremy Hunt both played a key role in the Pound’s painful decline after insisting that the...
Markets yawn and hit snooze button ahead of US earnings reports
Lukman Otunuga

16 July @ 10:26

By Lukman Otunuga, Research Analyst

Markets yawn and hit snooze button ahead of US earnings reports
Asian shares are tired and struggling for direction this morning due to a lack of fresh market-moving news, with investors on the side-lines ahead of earnings reports from major American companies. Although Wall Street closed again at record highs overnight, this positive momentum is unlikely to...
Scroll Top