2016 has started with a bang with widespread global events rattling the financial markets. The string of soft data from China has renewed fears around its pace of growth and this has caused an aggressive selloff in global equities. Safe-haven assets such as Gold have been granted a welcome boost following the growing tensions between Iran and Saudi Arabia. WTI oil continues its steep decline as growing concerns around the aggressive oversupply in the markets depresses prices further towards $32. – The EURUSD has corrected to the 1.0800 and prices should start declining towards 1.064
-The GBPUSD is heavily bearish and prices are headed towards 1.4500.
2016 has started with a bang with widespread global events rattling the financial markets. The string of soft data from China has renewed fears around its pace of growth and this has caused an aggressive selloff in global equities. Safe-haven assets such as Gold have been granted a welcome boost following the growing tensions between Iran and Saudi Arabia. WTI oil continues its steep decline as growing concerns around the aggressive oversupply in the markets depresses prices further towards $32.
– The EURUSD has corrected to the 1.0800 and prices should start declining towards 1.064
-The GBPUSD is heavily bearish and prices are headed towards 1.4500.
– WTI Oil trades towards $32
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