World stocks stumbled into the trading week under pressure as geopolitical tensions dented risk sentiment. The elections results from Germany over the weekend sparked discussion of political uncertainty in Europe and this added to the caution. Much attention will be directed towards Yellen’s speech which could offer more clues on when the Fed plans to raise rates. In the foreign exchange arena, Dollar bulls were back in town and this pressured the EURUSD and Gold.
The EURUSD is coming under pressure on the daily charts
World stocks stumbled into the trading week under pressure as geopolitical tensions dented risk sentiment. The elections results from Germany over the weekend sparked discussion of political uncertainty in Europe and this added to the caution. Much attention will be directed towards Yellen’s speech which could offer more clues on when the Fed plans to raise rates. In the foreign exchange arena, Dollar bulls were back in town and this pressured the EURUSD and Gold.
The EURUSD is coming under pressure on the daily charts
GBPUSD has broken below1.3500
Gold bears are eyeing $1300
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