Sentiment towards the global economy took a blow at the start of the week following the unsuccessful Doha meeting that sent crude oil tumbling 7%. Global sunk as a result but output cut in Kuwait offered a short term lifeline that kept stocks markets buoyed. The currency markets are quite volatile with the Sterling bulls propping most Sterling pair upwards. Risk aversion continues to linger through the markets and such has provided a foundation for Gold to rise.
-The GBPUSD is bearish and a breakdown below 1.42 may encourage another selloff towards 1.41.
-The EURUSD is bullish on the daily timeframe and prices could trade towards 1.140.
-Gold is bullish on the daily timeframe and may incline towards $1300
Sentiment towards the global economy took a blow at the start of the week following the unsuccessful Doha meeting that sent crude oil tumbling 7%. Global sunk as a result but output cut in Kuwait offered a short term lifeline that kept stocks markets buoyed. The currency markets are quite volatile with the Sterling bulls propping most Sterling pair upwards. Risk aversion continues to linger through the markets and such has provided a foundation for Gold to rise.
-The GBPUSD is bearish and a breakdown below 1.42 may encourage another selloff towards 1.41.
-The EURUSD is bullish on the daily timeframe and prices could trade towards 1.140.
-Gold is bullish on the daily timeframe and may incline towards $1300
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