Gold tumbled to 9 months lows below $1190 on Wednesday as a resurgent Dollar encouraged sellers to attack. Expectations have intensified over the Fed raising US interest rates in December with the hawkish Fed meeting minutes providing an additional opportunity for bulls to install rounds of buying on the Dollar. Oil remains entangled in a wide range amid the fluctuating expectations of an OPEC freeze deal. -The #EURUSD is heavily pressured below 1.0600 – #GBPUSD bears need to breach the 1.2400 support – #USDJPY could edge higher towards 115.00 – #Gold has broken the $1200 stubborn support For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt
Gold tumbled to 9 months lows below $1190 on Wednesday as a resurgent Dollar encouraged sellers to attack. Expectations have intensified over the Fed raising US interest rates in December with the hawkish Fed meeting minutes providing an additional opportunity for bulls to install rounds of buying on the Dollar. Oil remains entangled in a wide range amid the fluctuating expectations of an OPEC freeze deal.
-The #EURUSD is heavily pressured below 1.0600
– #GBPUSD bears need to breach the 1.2400 support
– #USDJPY could edge higher towards 115.00
– #Gold has broken the $1200 stubborn support
For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt
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