Global markets were shaken during trading on Wednesday following the unexpectedly hawkish FOMC minutes that renewed confidence over a US rate hike in Q2. Dollar bulls were offered inspiration and this punished commodities with Gold prices declining towards $1250. The Brexit debate continues to generate explosive levels of volatility and this could be displayed in the Sterling. With the OPEC meeting drawing near, oil prices have lurched to fresh 6 month highs amid speculations of declining production.
-The EURUSD is bearish and prices could decline towards 1.12 -The GBPUSD could be running out of steam below 1.4500 -Gold prices could decline back towards $1250
Global markets were shaken during trading on Wednesday following the unexpectedly hawkish FOMC minutes that renewed confidence over a US rate hike in Q2. Dollar bulls were offered inspiration and this punished commodities with Gold prices declining towards $1250. The Brexit debate continues to generate explosive levels of volatility and this could be displayed in the Sterling. With the OPEC meeting drawing near, oil prices have lurched to fresh 6 month highs amid speculations of declining production.
-The EURUSD is bearish and prices could decline towards 1.12
-The GBPUSD could be running out of steam below 1.4500
-Gold prices could decline back towards $1250
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