FXTM Forex Market Update | 13/12/2016

Global stocks were mixed on Tuesday as investors offloaded positions ahead of a data packed, central bank filled week. Oils sharp resurgence still remains a dominant theme with Saturday’s successful Non-OPEC cooperation deal quelling some of the oversupply concerns. The Euro remains pressured by the ECB shocker with a rising Dollar reviving the parity dream on the EURUSD. With anticipation mounting ahead of Wednesday’s FOMC meeting, Gold is on the defense with prices hovering around 10-month lows. - The EURUSD could remain pressured below 1.0650 - The GBPUSD needs to break below 1.2600 - The USDJPY could edge higher above 115.00 - Gold is on standby ahead of Wednesdays FOMC

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