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FXTM Forex Market Update | 01/05/2018

Global equity markets were steady as rising commodity prices and positive first-quarter earnings supported appetite for stocks. In the currency markets, Dollar strength remains a dominant market theme. Sterling remains pressured by fading rate hike expectations while the Euro has extended losses. Expectations of higher US interest rates have pressure Gold with prices edging towards $1300 • The EURUSD is under pressure with 1.20 in sight • GBPUSD remains heavily depressed • Gold could test $1300

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