Global markets commenced the trading week under immense pressure as the horrible combination of ongoing Brexit woes, falling oil prices and concerns over global growth weighed on sentiment. Volatility has intensified and the looming E.U referendum continues to leave investors on edge. There has been a boost in demand for safe-haven assets which can be seen in Gold that continue to trade to fresh weekly highs. With expectations near at all-time lows over the Fed will raise US rates in June, the Dollar could be open to further losses.
-The EURUSD is bearish and prices could decline towards 1.11 -The GBPUSD could slide towards 1.4100 -Gold may jump towards $1300
Global markets commenced the trading week under immense pressure as the horrible combination of ongoing Brexit woes, falling oil prices and concerns over global growth weighed on sentiment. Volatility has intensified and the looming E.U referendum continues to leave investors on edge. There has been a boost in demand for safe-haven assets which can be seen in Gold that continue to trade to fresh weekly highs. With expectations near at all-time lows over the Fed will raise US rates in June, the Dollar could be open to further losses.
-The EURUSD is bearish and prices could decline towards 1.11
-The GBPUSD could slide towards 1.4100
-Gold may jump towards $1300
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