Global stocks were mixed on Tuesday as investors offloaded positions ahead of a data packed, central bank filled week. Oils sharp resurgence still remains a dominant theme with Saturday’s successful Non-OPEC cooperation deal quelling some of the oversupply concerns. The Euro remains pressured by the ECB shocker with a rising Dollar reviving the parity dream on the EURUSD. With anticipation mounting ahead of Wednesday’s FOMC meeting, Gold is on the defense with prices hovering around 10-month lows. – The EURUSD could remain pressured below 1.0650 – The GBPUSD needs to break below 1.2600 – The USDJPY could edge higher above 115.00 – Gold is on standby ahead of Wednesdays FOMC
Global stocks were mixed on Tuesday as investors offloaded positions ahead of a data packed, central bank filled week. Oils sharp resurgence still remains a dominant theme with Saturday’s successful Non-OPEC cooperation deal quelling some of the oversupply concerns. The Euro remains pressured by the ECB shocker with a rising Dollar reviving the parity dream on the EURUSD. With anticipation mounting ahead of Wednesday’s FOMC meeting, Gold is on the defense with prices hovering around 10-month lows.
– The EURUSD could remain pressured below 1.0650
– The GBPUSD needs to break below 1.2600
– The USDJPY could edge higher above 115.00
– Gold is on standby ahead of Wednesdays FOMC
Related Posts: