Stock markets staged an incredible rebound on Monday following the dovish comments from Fed officials which quelled expectations of the Fed taking action this year. With expectations fluctuating over the central bank raising US rates, the Dollar was flung onto a chaotic roller coaster ride. Sterling still remains somewhat pressured by the post-Brexit concerns. In the commodities arena, WTI Oil traded lower as the ongoing concerns over the excessively oversupply haunted investor attraction.
• The #EURUSD is pressured below 1.1200 • The #GBPUSD bears could reclaim control below 1.3250 • #Gold continues to search for direction above $1315
Stock markets staged an incredible rebound on Monday following the dovish comments from Fed officials which quelled expectations of the Fed taking action this year. With expectations fluctuating over the central bank raising US rates, the Dollar was flung onto a chaotic roller coaster ride. Sterling still remains somewhat pressured by the post-Brexit concerns. In the commodities arena, WTI Oil traded lower as the ongoing concerns over the excessively oversupply haunted investor attraction.
• The #EURUSD is pressured below 1.1200
• The #GBPUSD bears could reclaim control below 1.3250
• #Gold continues to search for direction above $1315
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