Stock markets were mostly mixed during Tuesday’s trading session as investors observed from a safe distance following the Trump developments. Risk aversion simply turbocharged Gold bulls with prices pressing against $1260. The absence of political risk in Europe has boosted the Euro’s attraction with the EURUSD lurching to 6-month highs. Much attention will be directed towards the pending OPEC meeting on May 25 which is expected to conclude with the production cut deal extended by another 9 months.
– The #EURUSD is heavily bullish on the daily charts with bulls eyeing 1.1300 – #Sterling is struggling to keep above 1.3000 – #USDJPY remains under pressure below 111.60 – #Gold bulls need to break $1260
Stock markets were mostly mixed during Tuesday’s trading session as investors observed from a safe distance following the Trump developments. Risk aversion simply turbocharged Gold bulls with prices pressing against $1260. The absence of political risk in Europe has boosted the Euro’s attraction with the EURUSD lurching to 6-month highs. Much attention will be directed towards the pending OPEC meeting on May 25 which is expected to conclude with the production cut deal extended by another 9 months.
– The #EURUSD is heavily bullish on the daily charts with bulls eyeing
1.1300
– #Sterling is struggling to keep above 1.3000
– #USDJPY remains under pressure below 111.60
– #Gold bulls need to break $1260
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