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FXTM Forex Market Update | 27/07/2017

The Dollar tumbled to fresh 13-month lows after July's Federal Reserve policy statement was presented with a dovish touch. Although it was widely expected that monetary policy will be left unchanged, the apparent lack of conviction expressed on possible timings bruised the Dollar. With the Greenback on the back foot, EURUSD and GBPUSD were well supported during Thursday’s trading session. Gold sprinted to a fresh 6-week high above $1260 after the Federal Reserve’s cautious inflation assessment weighed on prospects of higher US interest rates. - The #EURUSD has broken above 1.1700 with bulls eyeing 1.1800 - #Sterling bulls have found support in the form of Dollar weakness - #Gold is turning bullish on the daily charts For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt

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