Global stocks were chaotic this week as the rising political risks, Brexit woes and Trump uncertainties kept investors on edge. Volatility may return with a vengeance and such can already be seen in the Euro, Sterling, Dollar and Gold. With the economic calendar light today, Trump and Brexit developments should steal the limelight. Price action may dictate where most major pairs trade today with bears eyeing both the EURUSD and Dollar Index. In this era of political risk and uncertainty, the Yen and Gold may remain a trader’s best companion.
· The EURUSD is under pressure on the daily charts
Global stocks were chaotic this week as the rising political risks, Brexit woes and Trump uncertainties kept investors on edge. Volatility may return with a vengeance and such can already be seen in the Euro, Sterling, Dollar and Gold. With the economic calendar light today, Trump and Brexit developments should steal the limelight. Price action may dictate where most major pairs trade today with bears eyeing both the EURUSD and Dollar Index. In this era of political risk and uncertainty, the Yen and Gold may remain a trader’s best companion.
· The EURUSD is under pressure on the daily charts
· The GBPUSD currently hovers above 1.2500
· Dollar bears are trying to conquer 100.00
· Gold could edge higher towards $1250
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