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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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15 August @ 11:10

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

Relief rally in EM currencies temporary, USD charges to new 2018 highs
The relief rally that allowed emerging market currencies to regain their composure after a very nervous reaction from investors to the Turkish Lira crisis appears to have been temporary. The majority of emerging market currencies across Asia are trending lower at time of writing, as the political...
Hussein Sayed

14 August @ 09:41

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

Equities recover as Lira stabilizes; Bitcoin falls below $6,000
After a rough start to the week, Asian stocks seemed to have found some support as the Turkish Lira steadied below 7 per dollar. Japan’s Nikkei 225 rose 1.8% with all sectors in green territory as the Yen gave up some of yesterday’s gains. Australia’s ASX 200 and the Korean KOSPI also edged higher...
Alex Gurr

14 August @ 00:58

By Alex Gurr, Guest Analyst

Oil comes under pressure, while the Turkish Lira continues to struggle
It has been a double whammy for oil markets today as a strengthening USD put some serious pressure on oil prices and as the OPEC forecast report for 2019 showed that they anticipated demand being lower than expected. It was quick to also point out that 2018 demand was 600k lower than expected as...