Sterling bears were installed with inspiration during trading on Monday following the political rifts which intensified the ongoing concerns over the impacts of a Brexit to the UK economy. In the commodities arena, WTI may have found resistance blow $41 as anxieties over the oversupply in the markets keep prices capped. Gold bulls continue to exploit the shaky sentiment towards the global economy and this can be seen with prices surging towards $1300.
– The EURUSD has turned bullish on the daily timeframe and Dollar weakness may provide an opportunity for prices to trade towards 1.13.
– The GBPUSD is turning bearish and a breakdown below 1.44 may encourage another selloff towards 1.42.
– The EURJPY is bearish on the daily timeframe and a breakdown below 125.00 should open a path towards 123.00.
– Gold is bullish on the daily timeframe and may incline towards $1300
Sterling bears were installed with inspiration during trading on Monday following the political rifts which intensified the ongoing concerns over the impacts of a Brexit to the UK economy. In the commodities arena, WTI may have found resistance blow $41 as anxieties over the oversupply in the markets keep prices capped. Gold bulls continue to exploit the shaky sentiment towards the global economy and this can be seen with prices surging towards $1300.
– The EURUSD has turned bullish on the daily timeframe and Dollar weakness may provide an opportunity for prices to trade towards 1.13.
– The GBPUSD is turning bearish and a breakdown below 1.44 may encourage another selloff towards 1.42.
– The EURJPY is bearish on the daily timeframe and a breakdown below 125.00 should open a path towards 123.00.
– Gold is bullish on the daily timeframe and may incline towards $1300
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