Risk aversion was the name of the game at the start of the week as investors departed from riskier assets following Donald Trump’s failure on healthcare reforms triggered concerns about his ability to move forward with tax cuts and infrastructure spending. The Dollar found itself on the back foot amid the rising uncertainty with power pairs such as the EURUSD and GBPUSD lurching to monthly highs. WTI Crude remains gripped by the oversupply fears prices struggling below $50. Although the economic calendar is light today, tension continues to mount as the Article 50 will be invoked on Wednesday.
– The EURUSD has been uplifted by Dollar weakness with prices challenging 1.090
– GBPUSD remains volatile ahead of the Article 50 invoke on Wednesday
-Risk aversion could elevate Gold back towards $1260
Risk aversion was the name of the game at the start of the week as investors departed from riskier assets following Donald Trump’s failure on healthcare reforms triggered concerns about his ability to move forward with tax cuts and infrastructure spending. The Dollar found itself on the back foot amid the rising uncertainty with power pairs such as the EURUSD and GBPUSD lurching to monthly highs. WTI Crude remains gripped by the oversupply fears prices struggling below $50. Although the economic calendar is light today, tension continues to mount as the Article 50 will be invoked on Wednesday.
– The EURUSD has been uplifted by Dollar weakness with prices challenging 1.090
– GBPUSD remains volatile ahead of the Article 50 invoke on Wednesday
-Risk aversion could elevate Gold back towards $1260
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