World stocks ventured to fresh record highs on Wednesday as optimism over the global economy and positive US economic data stimulated risk appetite. The Dollar has clawed back losses against a basket of major currencies after ADP and ISM both exceeded market expectations. Gold remains depressed below $1280 ahead of Friday’s U.S jobs data. With today dominated by central bank speeches, currencies such as Sterling and Dollar which have become sensitive to monetary policy speculation could turn volatile.
World stocks ventured to fresh record highs on Wednesday as optimism over the global economy and positive US economic data stimulated risk appetite. The Dollar has clawed back losses against a basket of major currencies after ADP and ISM both exceeded market expectations. Gold remains depressed below $1280 ahead of Friday’s U.S jobs data. With today dominated by central bank speeches, currencies such as Sterling and Dollar which have become sensitive to monetary policy speculation could turn volatile.
– The #EURUSD remains pressured below 1.1830
– #GBPUSD bears back in town
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