The financial markets remain under intense pressures as concerns around the slowdown in China’s economy have weighed heavily on global sentiment. China markets experienced an aggressive selloff on Monday which dragged Asian equities and to levels not seen in four months. The intensifying concerns around the oversupply of oil in the global markets have sent WTI oil plunging to fresh 12 year lows below $31.00. Some attention may be directed towards the Manufacturing production in the UK economy today.
-The EURUSD resides in a wide with resistance below 1.0950
-The GBPUSD is heavily bearish on the daily timeframe and prices may decline towards 1.4300
The financial markets remain under intense pressures as concerns around the slowdown in China’s economy have weighed heavily on global sentiment. China markets experienced an aggressive selloff on Monday which dragged Asian equities and to levels not seen in four months. The intensifying concerns around the oversupply of oil in the global markets have sent WTI oil plunging to fresh 12 year lows below $31.00. Some attention may be directed towards the Manufacturing production in the UK economy today.
-The EURUSD resides in a wide with resistance below 1.0950
-The GBPUSD is heavily bearish on the daily timeframe and prices may decline towards 1.4300
-WTI Oil trades towards $30
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