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ForexTime are well known for being experts in the Forex industry and our market research team regularly publishes market commentaries to update traders on the latest market opportunities and help fulfil trading strategy potential.

FXTM Forex Market Update | 23/02/2017

Global markets were unmoved during late trading on Wednesday after the hawkish tilted minutes from the Federal Reserve failed to convince participants of a March interest rate hike. Although hawkish phrases such as “fairly soon” were used in the statement, it is the ambiguity that continues to leave investors on edge. The Trump uncertainty may prompt the central bank to maintain a cautious stance until Q2. In the commodity arena, WTI Crude remains pressured below $55 while Gold bulls are eying $1240. - The #EURUSD remains pressured with 1.0500 acting as the next relevant support - #GBPUSD bears need to break below 1.2400 - #Gold bulls could be fully unleashed above $1240

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