Stock markets were mostly mixed during Tuesday’s trading session with investors treading cautiously ahead of the ECB meeting and NFP this week. The geopolitical tensions in East Asia coupled with the ongoing Trump developments have bolstered appetite for the safe-haven Japanese Yen. Although expectations remain elevated over the Federal Reserve raising US rates in March, Dollar bullish investors seem to be seeking further inspiration elsewhere. While risk aversion continues to attract investors to safety, the prospects of higher rates have punished Gold.
-The EURUSD is trapped in a wide range but remains tilted to the downside -The GBPUSD bears are eying 1.2100 -Gold remains heavily pressured rate hike expectations
Stock markets were mostly mixed during Tuesday’s trading session with investors treading cautiously ahead of the ECB meeting and NFP this week. The geopolitical tensions in East Asia coupled with the ongoing Trump developments have bolstered appetite for the safe-haven Japanese Yen. Although expectations remain elevated over the Federal Reserve raising US rates in March, Dollar bullish investors seem to be seeking further inspiration elsewhere. While risk aversion continues to attract investors to safety, the prospects of higher rates have punished Gold.
-The EURUSD is trapped in a wide range but remains tilted to the downside
-The GBPUSD bears are eying 1.2100
-Gold remains heavily pressured rate hike expectations
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