Global stocks stumbled during trading this week following a horrible mixture of weak China data and slash in Eurozone growth forecasts that renewed concerns over slowing global growth. The Dollar declined with the Dollar Index sinking to 9 months lows as expectations faded over US rates being increased. With concerns over slowing global growth heightening, investors flocked to safe-have assets such as Gold and the Yen.
-The EURUSD is bullish and prices could incline towards 1.160 -The GBPUSD is bearish and prices could decline towards 1.440 -Gold could trade back towards $1305
Global stocks stumbled during trading this week following a horrible mixture of weak China data and slash in Eurozone growth forecasts that renewed concerns over slowing global growth. The Dollar declined with the Dollar Index sinking to 9 months lows as expectations faded over US rates being increased. With concerns over slowing global growth heightening, investors flocked to safe-have assets such as Gold and the Yen.
-The EURUSD is bullish and prices could incline towards 1.160
-The GBPUSD is bearish and prices could decline towards 1.440
-Gold could trade back towards $1305
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