Global stocks have displayed signs of exhaustion this week amid the cautious trading mood with investors on high alert ahead of the looming ECB meeting. The prospects of higher US interest rates have boosted the Greenback while also exposing Gold to downside risks. Oil markets were vulnerable to losses on Wednesday following reports of a record build in US crude inventories which sparked some oversupply concerns. Much attention may be directed towards the ECB meeting which markets expect to conclude with monetary policy left unchanged amid the ongoing political risk in Europe.
– The EURUSD remains pressured on the daily charts – GBPUSD bears are eying 1.2100 – Gold remains gripped by the prospects of higher US interest rates
Global stocks have displayed signs of exhaustion this week amid the cautious trading mood with investors on high alert ahead of the looming ECB meeting. The prospects of higher US interest rates have boosted the Greenback while also exposing Gold to downside risks. Oil markets were vulnerable to losses on Wednesday following reports of a record build in US crude inventories which sparked some oversupply concerns. Much attention may be directed towards the ECB meeting which markets expect to conclude with monetary policy left unchanged amid the ongoing political risk in Europe.
– The EURUSD remains pressured on the daily charts
– GBPUSD bears are eying 1.2100
– Gold remains gripped by the prospects of higher US interest rates
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