Global stocks were static last week with most major arenas searching for direction on Monday as investors sought fresh inspiration. The main focus was Oil’s resurgence following reports of Russia and Saudi Arabia agreeing that supply cuts should be extended until March 2018. The absence of political risk in Europe has elevated the Euro while the Greenback remains under selling pressure. With a touch of risk aversion still in the air, Gold found itself supported during Tuesday’s trading session. The main focus and event risk for Tuesday will be the pending UK CPI report.
– The #EURUSD has broken above 1.1000 – #GBPUSD remains in a wide range with 1.3000 acting as a resistance and 1.2775 support – #Gold bulls are challenging $1235
Global stocks were static last week with most major arenas searching for direction on Monday as investors sought fresh inspiration. The main focus was Oil’s resurgence following reports of Russia and Saudi Arabia agreeing that supply cuts should be extended until March 2018. The absence of political risk in Europe has elevated the Euro while the Greenback remains under selling pressure. With a touch of risk aversion still in the air, Gold found itself supported during Tuesday’s trading session. The main focus and event risk for Tuesday will be the pending UK CPI report.
– The #EURUSD has broken above 1.1000
– #GBPUSD remains in a wide range with 1.3000 acting as a resistance and 1.2775 support
– #Gold bulls are challenging $1235
For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt
Related Posts: