The global markets were rattled during trading last week following the dismal NFP report of 38k that rapidly discounted expectations over the Fed raising US rates in June or July. With optimism fading over the central bank taking action, the Dollar bears rampaged consequently sending the Dollar Index towards 94.00. Brexit woes continue to dominate the markets while the sharp decline in the Dollar was offered a lifeline for Gold bulls to send prices towards $1250.
-The EURUSD may turn bullish if prices can close above 1.140 -GBPUSD bears could take front seat below 1.4500 -Gold prices may lurch above $1250 if Dollar weakness persists
The global markets were rattled during trading last week following the dismal NFP report of 38k that rapidly discounted expectations over the Fed raising US rates in June or July. With optimism fading over the central bank taking action, the Dollar bears rampaged consequently sending the Dollar Index towards 94.00. Brexit woes continue to dominate the markets while the sharp decline in the Dollar was offered a lifeline for Gold bulls to send prices towards $1250.
-The EURUSD may turn bullish if prices can close above 1.140
-GBPUSD bears could take front seat below 1.4500
-Gold prices may lurch above $1250 if Dollar weakness persists
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