Global stocks were left vulnerable to losses this week following the sharp decline in oil prices which weighed on investor sentiment. It seems WTI bears are back and with oil sinking into a bear market, sellers could exploit this opportunity to attack further. Dollar weakness is visible in the markets with optimism slowing fading over the Fed raising US rates. While most markets are trading lower, Gold continues to gain and could appreciate further if risk aversion intensifies.
-EURUSD could lurch towards 1.1300 -GBPUSD bears need to break below 1.3100 -GOLD bulls are back with prices edging towards $1370
Global stocks were left vulnerable to losses this week following the sharp decline in oil prices which weighed on investor sentiment. It seems WTI bears are back and with oil sinking into a bear market, sellers could exploit this opportunity to attack further. Dollar weakness is visible in the markets with optimism slowing fading over the Fed raising US rates. While most markets are trading lower, Gold continues to gain and could appreciate further if risk aversion intensifies.
-EURUSD could lurch towards 1.1300
-GBPUSD bears need to break below 1.3100
-GOLD bulls are back with prices edging towards $1370
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