Stock markets have displayed an incredible rally as the combination of easing Brexit anxieties and stabilizing China data bolstered investor risk appetite. Dollar bulls could be back in town following the impressive employment report, firm retail sales and solid CPI that have boosted expectations of a potential US rate hike in 2016. In the commodity arena, WTI remains depressed and the oversupply woes could open a path lower towards $44. Gold is firmly bullish and could be poised for further gains if investors flock to safe-haven investments amid the global uncertainty.
-The GBPUSD could slide towards 1.2800 -The EURUSD could trade towards 1.1000 -The Dollar Index may trade towards 97.00
Stock markets have displayed an incredible rally as the combination of easing Brexit anxieties and stabilizing China data bolstered investor risk appetite. Dollar bulls could be back in town following the impressive employment report, firm retail sales and solid CPI that have boosted expectations of a potential US rate hike in 2016. In the commodity arena, WTI remains depressed and the oversupply woes could open a path lower towards $44. Gold is firmly bullish and could be poised for further gains if investors flock to safe-haven investments amid the global uncertainty.
-The GBPUSD could slide towards 1.2800
-The EURUSD could trade towards 1.1000
-The Dollar Index may trade towards 97.00
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