Despite the holiday season volatility can still be observed across the global markets as investors come to grips with the Federal Reserve’s historic decision to raise US interest rates. The renewed bullish sentiment towards the US economy has increased appetite for the Dollar. In the commodities division, WTI remains under extreme pressure and concerns intensify around the aggressive global oversupply. Gold is experiencing a technical bounce but remains fundamentally bearish.
-The EURUSD has bounced from 1.0800 and a breakdown should send prices towards 1.064. -The GBPUSD is heavily bearish and prices are headed towards 1.4700. -WTI Oil trades towards $35 -Gold is in a wide range and a breakdown below 1063 may send prices lower.
Despite the holiday season volatility can still be observed across the global markets as investors come to grips with the Federal Reserve’s historic decision to raise US interest rates. The renewed bullish sentiment towards the US economy has increased appetite for the Dollar. In the commodities division, WTI remains under extreme pressure and concerns intensify around the aggressive global oversupply. Gold is experiencing a technical bounce but remains fundamentally bearish.
-The EURUSD has bounced from 1.0800 and a breakdown should send prices towards 1.064.
-The GBPUSD is heavily bearish and prices are headed towards 1.4700.
-WTI Oil trades towards $35
-Gold is in a wide range and a breakdown below 1063 may send prices lower.
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