Stock markets plummeted during trading on Tuesday as the mounting concerns over the state of global economy coupled with ongoing Brexit woes encouraged investors to scatter from riskier assets. Sentiment towards the global economy was already low, but the G7 disappointment over the weekend may have triggered a wave of jitters. In the commodities arena, Gold continues to remain under the mercy of bolstered US rate hike expectations.
• The EURUSD is bearish and prices could decline towards 1.11 • The GBPUSD could be running out of steam below 1.4500 • Gold prices could decline back towards $1240
Stock markets plummeted during trading on Tuesday as the mounting concerns over the state of global economy coupled with ongoing Brexit woes encouraged investors to scatter from riskier assets. Sentiment towards the global economy was already low, but the G7 disappointment over the weekend may have triggered a wave of jitters. In the commodities arena, Gold continues to remain under the mercy of bolstered US rate hike expectations.
• The EURUSD is bearish and prices could decline towards 1.11
• The GBPUSD could be running out of steam below 1.4500
• Gold prices could decline back towards $1240
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