Mike Van Dulken, Head of Research at Accendo Markets sheds light on the next move in the Fed rate hike; which has now become one of the most difficult conundrums for experts and then goes on to detail his outlook on Gold and major equity indices – Nikkei, DAX30 and FTSE100.
Mike takes note of the bullish ascending triangle on Nikkei225 index and notes of the range bound action in the tech heavy Germany’s DAX30 index. Coming to gold, Dulken says the prospects for the yellow metal would dim further if markets read the US rate hike as a positive sign for the economy. Mike is joined by Tip TV’s Zak Mir and Mike Ingram, Strategist at BGC Partners.