Those who were expecting December to conclude on a quiet note received a shocker on Wednesday following the hawkish FOMC meeting which sent shock waves across the board. The Dollar received a welcome boost which consequently pressured stocks and commodities. Sterling stumbled lower on the on the ongoing Brexit fears while Gold found itself trading to fresh 10 month lows. Some attention may be directed towards the BoE monetary policy today any dovish comments exposing the pound to further losses.
• The #EURUSD was broken through the 1.050 support • #GBPUSD bears are eyeing the 1.2500 support • #Gold could be poised for steeper declines moving forward
Those who were expecting December to conclude on a quiet note received a shocker on Wednesday following the hawkish FOMC meeting which sent shock waves across the board. The Dollar received a welcome boost which consequently pressured stocks and commodities. Sterling stumbled lower on the on the ongoing Brexit fears while Gold found itself trading to fresh 10 month lows. Some attention may be directed towards the BoE monetary policy today any dovish comments exposing the pound to further losses.
• The #EURUSD was broken through the 1.050 support
• #GBPUSD bears are eyeing the 1.2500 support
• #Gold could be poised for steeper declines moving forward
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