Global markets were unmoved during trading on Wednesday following the neutral FOMC statement which concluded without a US rate hike. This was expected after the dismal NFP report for May and ongoing global uncertainties left the central bank under pressure. Sterling bears have received encouragement from the Brexit anxieties with the pound poised to decline as the E.U vote day looms. In regards to commodities, Gold managed to smash above the tough $1300 resistance.
-The GBPUSD could slide towards 1.4100 -The GBPJPY could decline towards 146.00 -The Dollar Index may trade towards 94.00 -Gold may rise towards $1310
Global markets were unmoved during trading on Wednesday following the neutral FOMC statement which concluded without a US rate hike. This was expected after the dismal NFP report for May and ongoing global uncertainties left the central bank under pressure. Sterling bears have received encouragement from the Brexit anxieties with the pound poised to decline as the E.U vote day looms. In regards to commodities, Gold managed to smash above the tough $1300 resistance.
-The GBPUSD could slide towards 1.4100
-The GBPJPY could decline towards 146.00
-The Dollar Index may trade towards 94.00
-Gold may rise towards $1310
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