Stocks markets were mostly mixed while the Dollar dipped ahead of Federal Reserve Chairman Jerome Powell’s Congressional testimony. The Pound weakened despite the UK jobs report meeting market expectations while Gold remained pressured. Although global trade developments remain a dominant market theme, investors will direct most of their attention towards Powell. The Dollar has scope to appreciate if the central bank head adopts a hawkish stance during his testimony.
• The #GBPUSD remains pressured below 1.3190 on the daily charts • #Gold could depreciate towards $1230 if $1240 is breached.
For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt
Stocks markets were mostly mixed while the Dollar dipped ahead of Federal Reserve Chairman Jerome Powell’s Congressional testimony. The Pound weakened despite the UK jobs report meeting market expectations while Gold remained pressured. Although global trade developments remain a dominant market theme, investors will direct most of their attention towards Powell. The Dollar has scope to appreciate if the central bank head adopts a hawkish stance during his testimony.
• The #GBPUSD remains pressured below 1.3190 on the daily charts
• #Gold could depreciate towards $1230 if $1240 is breached.
For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt
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