The rapidly fading expectations that US rates may be hiked in March or even at all has left the Dollar vulnerable and this may be reflected in the Dollar Index which lurched below 97.0 during trading on Wednesday. Dollar bulls need a lifeline and that may be the NFP release on Friday. While the Dollar sinks into the red, the pain of falling commodity prices continues to leave global stocks and currency’s reliant on oil exports depressed.
– The GBPUSD bears need to keep below 1.460 to reclaim control again with targets pointing towards 1.440.
– The GBPAUD is heavily bearish on the monthly and a sharp close below 2.01 may suggest further declines.
– The fundamentals will keep WTI under pressure and prices may trade back to $28 – Gold have become bullish and prices may trade towards $1150.
The rapidly fading expectations that US rates may be hiked in March or even at all has left the Dollar vulnerable and this may be reflected in the Dollar Index which lurched below 97.0 during trading on Wednesday. Dollar bulls need a lifeline and that may be the NFP release on Friday. While the Dollar sinks into the red, the pain of falling commodity prices continues to leave global stocks and currency’s reliant on oil exports depressed.
– The GBPUSD bears need to keep below 1.460 to reclaim control again with targets pointing towards 1.440.
– The GBPAUD is heavily bearish on the monthly and a sharp close below 2.01 may suggest further declines.
– The fundamentals will keep WTI under pressure and prices may trade back to $28
– Gold have become bullish and prices may trade towards $1150.
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