The tragic events which took place in Paris on Friday have contributed to the global equity markets remaining under pressure at the start of the week. A sense of caution ripples across the markets this week as European futures are currently alternating between gains and losses. The main focus today will be the CPI reports for the UK and the US economy.
• The EURUSD has declined to 7 months lows and is technically bearish • The GBPUSD has found some resistance above the 1.5200 and may turn bearish • Gold is technically bearish and has hit 5 year lows.
The tragic events which took place in Paris on Friday have contributed to the global equity markets remaining under pressure at the start of the week. A sense of caution ripples across the markets this week as European futures are currently alternating between gains and losses. The main focus today will be the CPI reports for the UK and the US economy.
• The EURUSD has declined to 7 months lows and is technically bearish
• The GBPUSD has found some resistance above the 1.5200 and may turn bearish
• Gold is technically bearish and has hit 5 year lows.
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