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The week in 60 seconds | FXTM | 08/04/2019

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: • #ECB meeting in sharp focus • More #Brexit drama expected as 12 April deadline looms • Oil prices sensitive ahead of #OPEC meeting For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

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Sentiment cautious as volatile quarter comes to an end
Lukman Otunuga

31 March @ 10:40

By Lukman Otunuga, Research Analyst

Sentiment cautious as volatile quarter comes to an end
It has been an historic and volatile trading quarter defined by the novel coronavirus outbreak, with unprecedented central bank intervention, government action, global recession fears and severely depressed oil prices among many themes. The sentiment pendulum has swung between extremes over the... Read full post
Gold seesaws around $1630 while Dollar rebounds
Lukman Otunuga

30 March @ 18:07

By Lukman Otunuga, Research Analyst

Gold seesaws around $1630 while Dollar rebounds
Gold is struggling for direction after having its best week since 2008 as investors await new economic data to access the damage caused by the novel coronavirus outbreak. The precious metal should remain confined in a narrow range until a fresh directional catalyst is brought into the picture.... Read full post
US oil hits a 17-year low as investors await new economic data
Hussein Sayed

30 March @ 10:36

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

US oil hits a 17-year low as investors await new economic data
This week has kicked off with a new precedent. It isn’t the volatile performance of stocks, bonds, or currencies that are grabbing all the attention, but the moves in oil prices. US crude has tested levels below $20 for the first time in more than 17 years, with traders continuing to bet that the... Read full post
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