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Mexican Financial Stability Board: Economy faces complex scenario due to trade related uncertainty

Comments from Mexican Financial Stability Board are crossing the wires via Reuters:

  • Faster than expected normalization of monetary policy by federal reserve could prompt greater volatility in financial markets, tighter financing conditions in emerging markets.
  • the domestic economy and the financial system could face a complex scenario due to uncertainty about trade relations with the US. 

Gold: Above $1,300, but bull breakout remains elusive

Currently, gold is trading at $1,302, having failed to capitalize on the bullish breakout. The zero-yielding yellow metal rose to $1,309 yesterday -
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GBP/JPY Technical Analysis: Cautiosuly bullish, charts show bull doji reversal, bullish hammer

15-minute chart Hourly chart Spot Rate: 146.58 Daily High: 146.88 Daily Low: 146.36 Trend: Cautiously bullish Resistance R1: 147.11 (5-day
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