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The week in 60 seconds | FXTM | 01/07/2019

FXTM Research Analyst, Lukman Otunuga, rounds up all the key market events for this week and pinpoints what traders might look out for ahead, including: • A sense of relief across financial markets after US/China restart #tradetalks • US Manufacturing #PMI in focus • #Gold knocked below $1400 #UStrade #ChinaTrade For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

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Peaceful Political Transition Boosts Markets
Lukman Otunuga

24 November @ 18:09

By Lukman Otunuga, Research Analyst

Peaceful Political Transition Boosts Markets
Markets have had no end of good news over the last few sessions – from another vaccine with better distribution potential and better PMI data to Janet Yellen being mooted as the next US Treasury Secretary and all the implications her dovish appointment may bring. Read: BIG ON STIMULUS (and a safe... Read full post
Technical outlook: Gold tumbles to 4-month low
Lukman Otunuga

24 November @ 09:38

By Lukman Otunuga, Research Analyst

Technical outlook: Gold tumbles to 4-month low
After being trapped within a wide range for many weeks, Gold has finally broken below the stubborn $1850 support level. The primary culprits behind Gold’s sharp decline revolved around the better-than-expected U.S business activity data and rising optimism over the progress in a Covid-19... Read full post
Thanksgiving Week: The Return of Retailers
Han Tan

24 November @ 05:32

By Han Tan, Market Analyst

Thanksgiving Week: The Return of Retailers
With Black Friday just around the corner, the traditional start of the US holiday shopping season is about to kick off. Typically, Black Friday sales are accompanied by scenes of bargain-hunters camping outside popular retail outlets, braving the cold, only to bum-rush the store once it’s open.... Read full post
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