Investors entered Tuesday’s trading session with a renewed appetite for risk thanks to President Xi Jinping. Easing trade war fears supported global equity markets while punishing safe-haven assets like Gold and the Yen. Optimism over China and US eventually finding a middle ground on trade could continue supporting risk sentiment. In the foreign exchange arena, the Euro, Pound and Gold all benefited from Dollar weakness.
• The EURUSD is bullish on the daily charts with 1.2400 in sight • Sterling bulls are eyeing 1.4230 • Gold is currently challenging $1324
Investors entered Tuesday’s trading session with a renewed appetite for risk thanks to President Xi Jinping. Easing trade war fears supported global equity markets while punishing safe-haven assets like Gold and the Yen. Optimism over China and US eventually finding a middle ground on trade could continue supporting risk sentiment. In the foreign exchange arena, the Euro, Pound and Gold all benefited from Dollar weakness.
• The EURUSD is bullish on the daily charts with 1.2400 in sight
• Sterling bulls are eyeing 1.4230
• Gold is currently challenging $1324
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