An air of caution has swept across the financial markets this week with investors on edge ahead of a data-packed week. The Brexit developments are building momentum consequently punishing Sterling while expectations remain elevated over the Federal Reserve raising US interest rates this week. Oil markets have been plagued by the oversupply concerns with WTI trading around 3-month lows. With the Dollar set to appreciate on the prospects of higher US interest rates, Gold may remain pressured.
– The #EURUSD remains pressured below 1.0650 – #Sterling has been gripped by political uncertainty – #Gold may be poised to sink below $1200
An air of caution has swept across the financial markets this week with investors on edge ahead of a data-packed week. The Brexit developments are building momentum consequently punishing Sterling while expectations remain elevated over the Federal Reserve raising US interest rates this week. Oil markets have been plagued by the oversupply concerns with WTI trading around 3-month lows. With the Dollar set to appreciate on the prospects of higher US interest rates, Gold may remain pressured.
– The #EURUSD remains pressured below 1.0650
– #Sterling has been gripped by political uncertainty
– #Gold may be poised to sink below $1200
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