A sense of anticipation has gripped the markets ahead of the major OPEC, US GDP and NFP releases that are expected to create explosive levels of volatility. Dollar strength amid the heightening US rate hike expectations remains a dominant theme while oil price sensitivity is set to intensify ahead of Wednesdays OPEC meeting. The OPEC uncertainty has bolstered appetite for safe-haven assets with Gold receiving a welcome boost. Much attention may be directed towards the Q3 GDP for the US which if beats could reinforce expectations of a rate hike in December. -The #EURUSD remains heavily bearish on the daily time frame – #Dollar bulls have maintained firm control of the Dollar Index -The #USDJPY breakout above 113.00 could trigger an incline towards 114.00 – #EURAUD bears need to break below 1..4150 For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt
A sense of anticipation has gripped the markets ahead of the major OPEC, US GDP and NFP releases that are expected to create explosive levels of volatility. Dollar strength amid the heightening US rate hike expectations remains a dominant theme while oil price sensitivity is set to intensify ahead of Wednesdays OPEC meeting. The OPEC uncertainty has bolstered appetite for safe-haven assets with Gold receiving a welcome boost. Much attention may be directed towards the Q3 GDP for the US which if beats could reinforce expectations of a rate hike in December.
-The #EURUSD remains heavily bearish on the daily time frame
– #Dollar bulls have maintained firm control of the Dollar Index
-The #USDJPY breakout above 113.00 could trigger an incline towards 114.00
– #EURAUD bears need to break below 1..4150
For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt
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