Sentiment towards the US economy received an uplift during trading this week following the impressive home sales report that not only alleviated concerns over slowing domestic growth but rekindled expectations that the Fed could raise US rates in Q2. This positivity dispersed across the global stock markets with the S&P 500 lurching to 2 month highs. Gold has been pressured by a strengthening Dollar and bolstered US hike hopes which encouraged bearish investors to attack.
• The EURUSD is bearish and prices could decline towards 1.11 • The Dollar Index could trade towards 96.00 • WTI crude may decline towards $45
Sentiment towards the US economy received an uplift during trading this week following the impressive home sales report that not only alleviated concerns over slowing domestic growth but rekindled expectations that the Fed could raise US rates in Q2. This positivity dispersed across the global stock markets with the S&P 500 lurching to 2 month highs. Gold has been pressured by a strengthening Dollar and bolstered US hike hopes which encouraged bearish investors to attack.
• The EURUSD is bearish and prices could decline towards 1.11
• The Dollar Index could trade towards 96.00
• WTI crude may decline towards $45
For more Market Analytics read the latest @ http://fxtm.co/marketupdate-yt
Related Posts: