Market roundup - Brexit payment, precious metals outlook & S&P500 forecast – Tip TV

“The whole point of Brexiteers was we wouldn’t have to pay anything post Brexit and now we could end up coughing some money in the name of divorce settlement”, says Alessio Rastani from Leadingtrader.com while discussing the news that the EU is seeking €20 Billion Divorce Settlement. He is joined by Tip TV’s Zak Mir.

The panel also discusses Oanda forex market sentiment chart which says retail traders continue to hold longs in precious metals despite last week’s sell-off, which as per Rastani and Mir is a sign that there could be another leg lower in Gold and Silver.

Coming to S&P 500, Rastani notes 2100 as the potential reversal level. The segment concludes with Rastani’s trade of the day.

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