Risk aversion gripped the financial markets on Monday with global stocks coming under renewed selling pressure as investors tread cautiously ahead of a data-packed week. With a flurry of economic reports, the pending Trump-Xi summit and NFP on Friday likely to spark volatility, participants may adopt a cautious approach. The political risk could remain a dominant market theme this quarter with the Brexit developments, elections in Europe and Trump uncertainties weighing on sentiment. The lack of appetite for risk has pressured Oil while boosting safe-haven assets such as Gold.
– The #EURUSD is under pressure on the daily charts with bears eying 1.0500 – The #GBPUSD needs to break below 1.2400 for further downside – – #Gold has been buoyed by risk aversion
For more Market Analysis on Technical Analysis and Fundamental Analysis, read the latest @ http://fxtm.co/marketupdate-yt
Risk aversion gripped the financial markets on Monday with global stocks coming under renewed selling pressure as investors tread cautiously ahead of a data-packed week. With a flurry of economic reports, the pending Trump-Xi summit and NFP on Friday likely to spark volatility, participants may adopt a cautious approach. The political risk could remain a dominant market theme this quarter with the Brexit developments, elections in Europe and Trump uncertainties weighing on sentiment. The lack of appetite for risk has pressured Oil while boosting safe-haven assets such as Gold.
– The #EURUSD is under pressure on the daily charts with bears eying 1.0500
– The #GBPUSD needs to break below 1.2400 for further downside –
– #Gold has been buoyed by risk aversion
For more Market Analysis on Technical Analysis and Fundamental Analysis, read the latest @ http://fxtm.co/marketupdate-yt
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