Stock markets edged higher on Tuesday as investors focused on stronger corporate earnings. Sterling found itself back in the limelight after the European Union’s hard line on the Brexit negotiations rekindled hard-Brexit fears. The combination of soft economic data and Trump uncertainties continue to pressure the Dollar while oversupply fears have dragged WTI crude below $49. Much attention may be directed towards the pending Manufacturing PMI in the UK which could offer further insight on how the economy fared this year.
– The #GBPUSD bulls are displaying early signs of exhaustion below 1.3000 – #WTI Crude has dipped below $49 – The #Dollar Index remains depressed on the daily charts
For more Market Analysis on Technical Analysis and Fundamental Analysis, read the latest @ http://fxtm.co/marketupdate-yt
Stock markets edged higher on Tuesday as investors focused on stronger corporate earnings. Sterling found itself back in the limelight after the European Union’s hard line on the Brexit negotiations rekindled hard-Brexit fears. The combination of soft economic data and Trump uncertainties continue to pressure the Dollar while oversupply fears have dragged WTI crude below $49. Much attention may be directed towards the pending Manufacturing PMI in the UK which could offer further insight on how the economy fared this year.
– The #GBPUSD bulls are displaying early signs of exhaustion below 1.3000
– #WTI Crude has dipped below $49
– The #Dollar Index remains depressed on the daily charts
For more Market Analysis on Technical Analysis and Fundamental Analysis, read the latest @ http://fxtm.co/marketupdate-yt
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