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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

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Jameel Ahmad

25 March @ 08:30

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

Asia joins Friday’s sell-off, US Treasury Yield curve inverts as global growth worries spike
The selloff in US and European stock markets from Friday has spread across Asia at the start of the new trading week, as concerns over the health of the global economy heat up at a rapid pace. Perhaps what is even more worrying for investor sentiment is that the US treasury yield curve has...
Jameel Ahmad

23 March @ 12:59

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

Keep an eye on Yen flows threat for next week
A very busy week of multiple financial risk events concluded with a tremendous sell-off throughout global markets on Friday. Factors behind the decline range from a dire economic release in Germany fueling further fears over an impending global economic slowdown, and the Federal Reserve freezing...
Hussein Sayed

22 March @ 09:10

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

Sterling recovers on deadline extension as dollar takes a U-turn
The EU has given UK Prime Minister Theresa May a final chance to pass her Brexit deal. She was offered a Brexit delay until May 22 under the condition of MPs approving the withdrawal deal. If no decision is taken by April 12, the remaining options will be a no-deal Brexit, a long extension, or...
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