A wave of risk aversion swept across financial markets on Wednesday with global stocks pressured as geopolitical risk and depressed oil weighed on sentiment. The Dollar received a boost after the US ADP for November exceeded market estimates. Sterling still remains pressured by the Brexit uncertainty while Oil tumbled thanks to oversupply concerns. With the economic calendar relatively light today, price action may dictate where currencies and commodities trade.
– The #EURUSD is under pressure on the daily charts – #GBPUSD is struggling to keep above 1.3300 – #Gold has turned bearish on the daily charts
A wave of risk aversion swept across financial markets on Wednesday with global stocks pressured as geopolitical risk and depressed oil weighed on sentiment. The Dollar received a boost after the US ADP for November exceeded market estimates. Sterling still remains pressured by the Brexit uncertainty while Oil tumbled thanks to oversupply concerns. With the economic calendar relatively light today, price action may dictate where currencies and commodities trade.
– The #EURUSD is under pressure on the daily charts
– #GBPUSD is struggling to keep above 1.3300
– #Gold has turned bearish on the daily charts
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