Stock markets drifted lower as trade tensions weighed on market sentiment. The Dollar was king across currency markets thanks to US rate hike expectations. In the commodity arena, Oil depreciated while Gold tumbled to a fresh yearly low. The Pound weakened sharply after UK Retail sales heavily disappointed in June.
– The #EURUSD remains pressured by monetary policy divergence – #GBPUSD has tumbled to a 10-month low – #Gold bears are eying $1200
For more Market Analysis read the latest @http://fxtm.co/marketupdate-fb
Stock markets drifted lower as trade tensions weighed on market sentiment. The Dollar was king across currency markets thanks to US rate hike expectations. In the commodity arena, Oil depreciated while Gold tumbled to a fresh yearly low. The Pound weakened sharply after UK Retail sales heavily disappointed in June.
– The #EURUSD remains pressured by monetary policy divergence
– #GBPUSD has tumbled to a 10-month low
– #Gold bears are eying $1200
For more Market Analysis read the latest @http://fxtm.co/marketupdate-fb
Related Posts: