The Greenback regained its attitude on Wednesday after the Federal Reserve unexpectedly maintained a hawkish rhetoric. Although U.S economic data was mixed and first quarter growth sluggish, the central bank acknowledged this and suggested it was simply a transitory. Sterling remains in the spotlight with the battle of words between financial heavyweights on the Brexit talks reviving some Brexit related jitters. With the Dollar back in fashion, commodities such as Gold and WTI Crude were under selling pressure. The main event risk this week will be the second round of the French presidential elections on 7 May which may create volatility if investors are caught unaware.
– The #EURUSD continues to hover around the 1.0900 level – #GBPUSD bears could be eying 1.2775 – #WTI Crude has broken below $47.50 – #Gold continues to be exposed to downside risks
For more Market Analysis on Technical Analysis and Fundamental Analysis, read the latest @ http://fxtm.co/marketupdate-yt
The Greenback regained its attitude on Wednesday after the Federal Reserve unexpectedly maintained a hawkish rhetoric. Although U.S economic data was mixed and first quarter growth sluggish, the central bank acknowledged this and suggested it was simply a transitory. Sterling remains in the spotlight with the battle of words between financial heavyweights on the Brexit talks reviving some Brexit related jitters. With the Dollar back in fashion, commodities such as Gold and WTI Crude were under selling pressure. The main event risk this week will be the second round of the French presidential elections on 7 May which may create volatility if investors are caught unaware.
– The #EURUSD continues to hover around the 1.0900 level
– #GBPUSD bears could be eying 1.2775
– #WTI Crude has broken below $47.50
– #Gold continues to be exposed to downside risks
For more Market Analysis on Technical Analysis and Fundamental Analysis, read the latest @ http://fxtm.co/marketupdate-yt
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