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FXTM Forex Market Update | 26/06/2018

Stock markets were mostly mixed today as traders closely monitored global trade developments. The Dollar remains supported by the widening interest rate differentials while Sterling continues to be pressured by Brexit related uncertainty. In the commodities arena, Gold has extended losses amid a firmer Dollar. With the economic calendar relatively light today, currency and stock markets may be dictated by ongoing trade developments. • #Gold prices have breached below $1260 For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

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Jameel Ahmad

21 September @ 10:04

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

Could the Dollar be turning the corner?
Currencies throughout Asia have welcomed the news that the Dollar has tumbled to a near 3-month low. A number of different currencies in the region have advanced against the Greenback, with the weakening momentum for the Dollar benefiting the Indian Rupee the most at time of writing. The...
Lukman Otunuga

20 September @ 20:43

By Lukman Otunuga, Research Analyst

Dollar dips on NAFTA uncertainty, bears eye 93.50
It was already shaping up to be a negative trading week for the Dollar as easing trade concerns dented the currency’s safe-haven appeal. Buying sentiment towards the Greenback deteriorated further on Thursday following reports that the US and Canada are unlikely to reach a breakthrough on NAFTA...
Lukman Otunuga

20 September @ 14:21

By Lukman Otunuga, Research Analyst

Pound boosted by retail sales, EU summit in focus
The Pound was thrown back into the limelight today after UK retail sales unexpectedly rose in August. UK retail sales dished out an upside surprise by rising 0.3% last month as shoppers shrugged off Brexit concerns over the summer period. While this encouraging report adds to a number of solid...