Global stocks were under renewed selling pressure this week as the horrible combination of geopolitical tensions and political uncertainty weighed on sentiment. Risk aversion remains the name of the game and such has boosted appetite for safe-haven assets such as Yen/Gold. In Europe, the threat of Marine Le Pen winning the presidential elections has exposed the Euro to downside shocks. Sterling remains caged by the Brexit blues while the Greenback hovers above 101.00. Investors may direct their attention towards the UK CPI report which could support Sterling if the report beats expectations.
– The #EURUSD is bearish on the daily charts with bears eying 1.0500 – #GBPUSD needs to break below 1.2370 for further downside – Risk aversion has boosted the Yen consequently pressuring the #USDJPY – #Gold bulls have started to challenge the $1260 level once again
For more Market Analysis on Technical Analysis and Fundamental Analysis, read the latest @ http://fxtm.co/marketupdate-yt
Global stocks were under renewed selling pressure this week as the horrible combination of geopolitical tensions and political uncertainty weighed on sentiment. Risk aversion remains the name of the game and such has boosted appetite for safe-haven assets such as Yen/Gold. In Europe, the threat of Marine Le Pen winning the presidential elections has exposed the Euro to downside shocks. Sterling remains caged by the Brexit blues while the Greenback hovers above 101.00. Investors may direct their attention towards the UK CPI report which could support Sterling if the report beats expectations.
– The #EURUSD is bearish on the daily charts with bears eying 1.0500
– #GBPUSD needs to break below 1.2370 for further downside
– Risk aversion has boosted the Yen consequently pressuring the #USDJPY
– #Gold bulls have started to challenge the $1260 level once again
For more Market Analysis on Technical Analysis and Fundamental Analysis, read the latest @ http://fxtm.co/marketupdate-yt
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