Stock markets traded lower on Thursday following the sharp decline in oil prices which weighed heavily on investor risk sentiment. The shocking rise in US crude stock piles rekindled concerns over the excessive oversupply of oil in the markets. Sterling continues to be dogged by the post Brexit anxieties while Dollar remains unstable as US rate hike expectations fluctuate. • The #EURUSD bears are pressuring the 1.1200 support • #GBPUSD could slide lower towards 1.3100 • #Gold bears have challenged the $1315 support.
Stock markets traded lower on Thursday following the sharp decline in oil prices which weighed heavily on investor risk sentiment. The shocking rise in US crude stock piles rekindled concerns over the excessive oversupply of oil in the markets. Sterling continues to be dogged by the post Brexit anxieties while Dollar remains unstable as US rate hike expectations fluctuate.
• The #EURUSD bears are pressuring the 1.1200 support
• #GBPUSD could slide lower towards 1.3100
• #Gold bears have challenged the $1315 support.
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