The fading expectations over the Federal Reserve raising US rates in Q2 has offered an opportunity for bearish investors to send the Dollar Index to fresh 9 month lows below 92.00. Yen bulls continue to dominate following the disappointment from the BoJ in implementing further monetary policy measures to stabilize its economy. As concerns elevate over the health of the global economy, investors have flocked to the safe haven Gold. Crude oil remains fundamentally bearish with prices sinking towards $44.
-The EURUSD is bullish and prices could incline towards 1.160 -The GBPUSD could be running out of steam below 1.4800 -WTI still remains bearish with $40 looking like a possibility.
The fading expectations over the Federal Reserve raising US rates in Q2 has offered an opportunity for bearish investors to send the Dollar Index to fresh 9 month lows below 92.00. Yen bulls continue to dominate following the disappointment from the BoJ in implementing further monetary policy measures to stabilize its economy. As concerns elevate over the health of the global economy, investors have flocked to the safe haven Gold. Crude oil remains fundamentally bearish with prices sinking towards $44.
-The EURUSD is bullish and prices could incline towards 1.160
-The GBPUSD could be running out of steam below 1.4800
-WTI still remains bearish with $40 looking like a possibility.
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