Markets ranged this week as anticipation mounts ahead of Friday’s Jackson Hole which most hope could provide some clarity on US rate hike timings. The fluctuating expectations over if the Fed will take action or not has left the Dollar vulnerable to losses this week. Sterling was provided an uplift from the string of positive domestic data but still remains opens to losses as the post #Brexit uncertainty haunts investor attraction. In the commodity arena Gold is currently on standby in wait for Friday.
• The #EURUSD may slide towards 1.1200 • The #USDJPY remains under pressure with 100.00 acting as a barrier • #USDCAD could be pressured if Dollar weakness persists • #Gold could range until clarity is provided this Friday.
Markets ranged this week as anticipation mounts ahead of Friday’s Jackson Hole which most hope could provide some clarity on US rate hike timings. The fluctuating expectations over if the Fed will take action or not has left the Dollar vulnerable to losses this week. Sterling was provided an uplift from the string of positive domestic data but still remains opens to losses as the post #Brexit uncertainty haunts investor attraction. In the commodity arena Gold is currently on standby in wait for Friday.
• The #EURUSD may slide towards 1.1200
• The #USDJPY remains under pressure with 100.00 acting as a barrier
• #USDCAD could be pressured if Dollar weakness persists
• #Gold could range until clarity is provided this Friday.
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