The heightened expectations of further stimulus measures from central banks amid the ongoing global woes have offered a welcome boost to stock markets which ventured into gains during trading on Monday. A sense of unease still envelopes the financial markets and this has boosted appetite for safe haven instruments such as Gold. Crude oil looks capped below $40 following the Iran development while currency markets have retained some volatility.
– The EURUSD has turned bullish on the daily timeframe and Dollar weakness may provide an opportunity for prices to trade towards 1.1050.
– The GBPUSD is turning bearish and a breakdown below 1.4200 may encourage another selloff towards 1.4000.
– A breakdown below $35 on WTI may encourage a further decline towards $30.
The heightened expectations of further stimulus measures from central banks amid the ongoing global woes have offered a welcome boost to stock markets which ventured into gains during trading on Monday. A sense of unease still envelopes the financial markets and this has boosted appetite for safe haven instruments such as Gold. Crude oil looks capped below $40 following the Iran development while currency markets have retained some volatility.
– The EURUSD has turned bullish on the daily timeframe and Dollar weakness may provide an opportunity for prices to trade towards 1.1050.
– The GBPUSD is turning bearish and a breakdown below 1.4200 may encourage another selloff towards 1.4000.
– A breakdown below $35 on WTI may encourage a further decline towards $30.
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