Risk-on was the name of the game at the start of this week with global stocks marching to record highs as geopolitical tensions eased. In the foreign exchange arena, Sterling edged lower after Carney dialed back on his hawkish rhetoric on Monday. The Dollar remains pressured ahead of Wednesday’s FOMC decision while the renewed appetite for risk has punished Japan’s Yen. Gold currently trades around $1307 and may test $1300 this week.
– The #GBPUSD remains bullish on the daily charts but a break below 1.3500 may trigger a correction towards 1.3350.
– #Gold bears are likely to secure control back below $1300
– #The Dollar could turn volatile ahead of Wednesday’s FOMC meeting
For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt
Risk-on was the name of the game at the start of this week with global stocks marching to record highs as geopolitical tensions eased. In the foreign exchange arena, Sterling edged lower after Carney dialed back on his hawkish rhetoric on Monday. The Dollar remains pressured ahead of Wednesday’s FOMC decision while the renewed appetite for risk has punished Japan’s Yen. Gold currently trades around $1307 and may test $1300 this week.
– The #GBPUSD remains bullish on the daily charts but a break below 1.3500 may trigger a correction towards 1.3350.
– #Gold bears are likely to secure control back below $1300
– #The Dollar could turn volatile ahead of Wednesday’s FOMC meeting
For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt
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