Global equity markets stabilized as investors overlooked trade tensions to focus on corporate earnings. In the currency markets, the Dollar weakened on profit-taking. Gold bulls were offered support in the form of Dollar weakness but for how long? With the economic calendar relatively quiet, price action is likely to dictate where currencies and commodities trade.
• #GBPUSD has edged higher thanks to a softening Dollar • #Gold remains bearish on daily charts with $1213 in sight
Global equity markets stabilized as investors overlooked trade tensions to focus on corporate earnings. In the currency markets, the Dollar weakened on profit-taking. Gold bulls were offered support in the form of Dollar weakness but for how long? With the economic calendar relatively quiet, price action is likely to dictate where currencies and commodities trade.
• #GBPUSD has edged higher thanks to a softening Dollar
• #Gold remains bearish on daily charts with $1213 in sight
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