With an uncertain geopolitical backdrop, Michael Hewson’s trading video considers the US dollar, gold and the contrasting monetary policy from the Bank of England and the ECB.
- EUR/GBP remains capped by £0.84 on potential divergence in monetary policy by the BoE and the ECB
- US 2 year bond prices have closed below 200WMA which is potentially bullish for the US dollar
- Gold is seeing some mixed technical signals but may see some weakness towards $1,287
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Video content by Michael Hewson of CMC Markets.
Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.