Dollar bulls rattled the financial markets following the firm ADP report of 177k which reinforced expectations of the Fed taking action in 2016. The Sterling remains dogged by the persistent Brexit uncertainty with bears attacking at any given opportunity. A resurgent Dollar continues to punish Gold with the commodity sinking below $1315. In regards to WTI, the persistent concerns over the excessive oversupply have opened a path lower towards $46.
• The #EURUSD may slide towards $1.1000 • The #GBPUSD may trade lower towards 1.3100 • #Gold is heavy depressed with bears eying $1300
Dollar bulls rattled the financial markets following the firm ADP report of 177k which reinforced expectations of the Fed taking action in 2016. The Sterling remains dogged by the persistent Brexit uncertainty with bears attacking at any given opportunity. A resurgent Dollar continues to punish Gold with the commodity sinking below $1315. In regards to WTI, the persistent concerns over the excessive oversupply have opened a path lower towards $46.
• The #EURUSD may slide towards $1.1000
• The #GBPUSD may trade lower towards 1.3100
• #Gold is heavy depressed with bears eying $1300
For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt
Related Posts: