The early signs of a Trump slump were displayed on Wednesday with global stocks sliding lower as uncertainty mounted over Donald Trump’s economic policies. With risk aversion, the key theme this week, safe-haven assets such as Gold and the Yen received a boost. The Dollar remains on the back foot amid the protectionism fears while oversupply woes continue to pressure oil markets. Much attention will be directed towards the pending vote to repeal and replace Obamacare, which if rejected could spark a tidal wave of risk aversion.
• The #EURUSD is currently challenging 1.0800 • #GBPUSD has been elevated to 1.2500 amid #Dollar weakness • Risk aversion has boosted appetite for #Gold this week
For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt
The early signs of a Trump slump were displayed on Wednesday with global stocks sliding lower as uncertainty mounted over Donald Trump’s economic policies. With risk aversion, the key theme this week, safe-haven assets such as Gold and the Yen received a boost. The Dollar remains on the back foot amid the protectionism fears while oversupply woes continue to pressure oil markets. Much attention will be directed towards the pending vote to repeal and replace Obamacare, which if rejected could spark a tidal wave of risk aversion.
• The #EURUSD is currently challenging 1.0800
• #GBPUSD has been elevated to 1.2500 amid #Dollar weakness
• Risk aversion has boosted appetite for #Gold this week
For more Market Analysis read the latest @http://fxtm.co/marketupdate-yt
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