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FXTM Forex Market Update | 07/06/2018

Global stock markets have ventured higher as investors shrugged off trade concerns an. “Trade” will be a major talking point during the G7 summit in Quebec on Friday. The Dollar has extended losses on the back of profit taking. Oil remains in limbo ahead of the upcoming OPEC meeting on 22 June while Gold continues to search for a directional catalyst. • The #EURUSD has punched above 1.1820 • #Gold hovers around $1300 For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

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25 June @ 10:20

By Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM

Lira jumps higher on Erdogan victory – but will the momentum last?
All eyes are on the Turkish Lira this morning with the currency rallying sharply in early trade today, following the news that Turkish President Recep Tayyip Erdogan has won the weekend election in Turkey. The Lira had advanced as much as 3% at time of writing with the currency currently standing...

22 June @ 17:10

By Lukman Otunuga, Research Analyst

Oil rallies as OPEC strike output deal
Oil prices have appreciated sharply following reports of OPEC achieving a last-minute deal to boost crude oil production during a meeting in Vienna. In a positive development, OPEC ministers reached an agreement to increase oil production from July after Saudi Arabia successfully persuaded Iran...

22 June @ 13:34

By Lukman Otunuga, Research Analyst

Markets brace for OPEC showdown in Vienna
There seems to be a growing sense of uncertainty over what to expect from today’s OPEC meeting in Vienna, given the disagreements among major oil producers around whether to boost output. While Saudi Arabia and Russia have proposed to ease supply curbs, other members including Iran, Iraq,...