Weekly Market Outlook February 10 2019

Market Outlook

The price of gold has seen some downward movement falling point 4 % in the last two sessions the CCI is giving a positive signal. The dollar-yen pair has edged up 0.1 % of the last session stochastic is giving a negative signal. Bitcoin has performed a minor correction gaining 0.1 percent in the last session the ATR is in low volatility.

The weeks world economic events include the German ZEW survey on economic sentiment which will be released on Monday at 10:00 GMT the UK CPI Wednesday at 09:30 GMT and the US CPI Wednesday at 13.30 GMT. Japanese GDP is Wednesday at 23:50 GMT the euro zone’s GDP Thursday at 10:00 GMT and the US retail sales Friday at 15:00 GMT those are the week’s major economic events.

US stocks sank over 1% on fears that the United States and China would not be able to reach a trade deal and the British Pound remains at risk as downbeat BOE and EU forecast unnerve markets.