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FXTM Forex Market Update | 27/02/2018

A sense of anticipation was felt across financial markets on Tuesday as investors prepared for Fed Chair Powell’s testimony. The British Pound remained depressed thanks to a stabilizing #Dollar. In the commodity arena, #Gold was pressured by renewed US rate hike expectations. Dollar bulls could receive a welcome boost if markets interpret Jerome Powell’s first congressional testimony as hawkish. For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt

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19 October @ 11:11

By Lukman Otunuga, Research Analyst

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Lukman Otunuga

18 October @ 15:18

By Lukman Otunuga, Research Analyst

Sterling turns blind eye to weak UK retail sales
The fairly muted response in the British Pound to the disappointing retail sales data for September reaffirms once again that Brexit headlines take precedence over domestic economic fundamentals for currency volatility. Retail sales tumbled sharply last month, printing well below market...
Hussein Sayed

18 October @ 09:54

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

Earnings vs. Interest Rates: who wins the fight?
Global equity markets failed to resume any kind of strong rebound following Tuesday’s surge.  Asian equity indices are deep in the red today with Chinese stocks leading the decline. The Shanghai Composite dropped by 2% while the CSI 300 fell 1.5%. The selloff in Asia comes after a turbulent...
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