Brexit , ECB and Gold: The week in 60 seconds | FXTM | 09/09/2019

Brexit , ECB and Gold: The week in 60 seconds | FXTM | 09/09/2019


Hi folks, it is going be another busy week for financial markets. The brexit drama continues in the UK as MPs prepare for second vote for early elections. Whatever the outcome of the vote, it is going to definitely impact if Brexit is extended from October the 31st to January 2020. The dollar still struggling to shake off the hangover from last week’s disappointing US jobs reports. Signs of slowing economic growth in the largest economy in the world could fuel market expectations over the Fed cutting interest rates beyond September. The major risk event this week will be the European Central Bank meeting on Thursday. Whatever the outcome of the meeting, it will definitely impact where do Euro concludes at the end of the week. Looking at commodities, Gold is struggling to trade around $1,500. If bulls can support the $1500 level, Gold has the ability to push back towards $1525. My name is Lukman and this is your week in 60 seconds.

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