FXTM Forex Market Update | 23/05/2017

Stock markets were mostly mixed during Tuesday’s trading session as investors observed from a safe distance following the Trump developments. Risk aversion simply turbocharged Gold bulls with prices pressing against $1260. The absence of political risk in Europe has boosted the Euro’s attraction with the EURUSD lurching to 6-month highs. Much attention will be directed towards the pending OPEC meeting on May 25 which is expected to conclude with the production cut deal extended by another 9 months. - The #EURUSD is heavily bullish on the daily charts with bulls eyeing 1.1300 - #Sterling is struggling to keep above 1.3000 - #USDJPY remains under pressure below 111.60 - #Gold bulls need to break $1260 For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

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