The Dollar has been on a chaotic roller coaster ride with prices violently swinging between losses and gains as expectations fluctuate over the Federal Reserve raising US rates in 2016. Global stocks have displayed some exhaustion following the depressed oil prices which soured risk appetite. WTI Crude remains heavily pressure and may be poised for further declines if the oversupply woes persist. Risk aversion is rife and could keep Gold prices buoyed.
• The #GBPUSD is bearish and prices could sink towards 1.2800 • The #USDCAD needs to conquer the stubborn 1.3200 resistance • #Dollar Index is sensitive but bulls could pounce once 96.00 is breached.
The Dollar has been on a chaotic roller coaster ride with prices violently swinging between losses and gains as expectations fluctuate over the Federal Reserve raising US rates in 2016. Global stocks have displayed some exhaustion following the depressed oil prices which soured risk appetite. WTI Crude remains heavily pressure and may be poised for further declines if the oversupply woes persist. Risk aversion is rife and could keep Gold prices buoyed.
• The #GBPUSD is bearish and prices could sink towards 1.2800
• The #USDCAD needs to conquer the stubborn 1.3200 resistance
• #Dollar Index is sensitive but bulls could pounce once 96.00 is breached.
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