Investors seem to have adopted a wait and see approach during Tuesday’s trading session with the forex markets in “wait and see” mode. The lingering impacts of June’s “Goldilocks” US NFP report continue to support the Greenback while equity markets have been pressured by falling oil. With the oversupply concerns still weighing heavily on oil prices, further weakness may be expected. Gold has found resistance at $1214 and may depreciate towards $1200.
– The #EURUSD remains bullish on the daily charts – #GBPUSD bears need to break below 1.2850 for further downside – #Gold is trading towards $1200
For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt
Investors seem to have adopted a wait and see approach during Tuesday’s trading session with the forex markets in “wait and see” mode. The lingering impacts of June’s “Goldilocks” US NFP report continue to support the Greenback while equity markets have been pressured by falling oil. With the oversupply concerns still weighing heavily on oil prices, further weakness may be expected. Gold has found resistance at $1214 and may depreciate towards $1200.
– The #EURUSD remains bullish on the daily charts
– #GBPUSD bears need to break below 1.2850 for further downside
– #Gold is trading towards $1200
For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt
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