Financial markets were injected with explosive levels of volatility last week following Janet Yellen’s hawkish comments which renewed expectations over the Fed raising US rates in 2016. With Dollar strength becoming a recurrent theme amid renewed rate hike hopes, Gold and Oil were pressured. Anticipation continues to mount ahead of Fridays NFP report which could cause markets to remain on standby. Oil is currently vulnerable to losses and the persistent oversupply concerns could entice sellers to drag the commodity lower. • The #EURUSD is pressured below 1.1200 • #GBPUSD has cut below the 1.3100 support • #Gold bears are challenging $1315
Financial markets were injected with explosive levels of volatility last week following Janet Yellen’s hawkish comments which renewed expectations over the Fed raising US rates in 2016.
With Dollar strength becoming a recurrent theme amid renewed rate hike hopes, Gold and Oil were pressured. Anticipation continues to mount ahead of Fridays NFP report which could cause markets to remain on standby. Oil is currently vulnerable to losses and the persistent oversupply concerns could entice sellers to drag the commodity lower.
• The #EURUSD is pressured below 1.1200
• #GBPUSD has cut below the 1.3100 support
• #Gold bears are challenging $1315
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