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FXTM Forex Market Update | 18/05/2017

The brewing political uncertainty in Washington has sparked concerns over Donald Trump’s ability to move forward with his proposed pro-growth policies. This sense unease continues to accelerate the flight to safety while punishing global stocks. Sellers have even exploited the uncertainty to pressure the Greenback while Gold is back in bid. Investors will direct their attention towards the retail sales report in the UK which should provide some insight to how consumers have been impacted by Brexit. Risk aversion may become a dominant theme as the Trump developments take center stage. - #The EURUSD currently trades around 6 months highs - #GBPUSD bulls are eying the 1.3000 resistance - Risk aversion is slowly turning #Gold bullish on the daily charts For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

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