A burst of optimism has dispersed across the financial markets with the risk-on sentiment elevating stock markets to record highs. Although the Trump effect and rising confidence over the global economy have encouraged investors to seek riskier assets, there remains skepticism over the sustainability of the rally. The ongoing Brexit remains continue to pressure the Sterling while renewed hopes of a rate hike in March have bolstered the Greenback. With uncertainty still lingering across the board, Gold could remain buoyed above $1220. • The EURUSD bears are eying 1.0500 • GBPUSD has found itself under renewed selling pressures • Gold bulls remain in control on the daily charts above $1220
A burst of optimism has dispersed across the financial markets with the risk-on sentiment elevating stock markets to record highs. Although the Trump effect and rising confidence over the global economy have encouraged investors to seek riskier assets, there remains skepticism over the sustainability of the rally. The ongoing Brexit remains continue to pressure the Sterling while renewed hopes of a rate hike in March have bolstered the Greenback. With uncertainty still lingering across the board, Gold could remain buoyed above $1220.
• The EURUSD bears are eying 1.0500
• GBPUSD has found itself under renewed selling pressures
• Gold bulls remain in control on the daily charts above $1220
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