Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Recent recovery in global stock market and more so in UK's benchmark FTSE100, which has been the best performer this week among global peers has made the risk-reward very attractive for the downside.
Despite the recovery, we, at FxWirePro fundamental repeatedly mentioned our belief that the stock market bear run is not over due to the following reasons -
- We expect current outflow from emerging markets to continue.
- In terms of stock market, emerging markets aren't the only ones to suffer, we expect investors to withdraw funds broadly from the global markets
- FTSE100, which has larger exposure to financials and commodities, we expect will keep facing headwinds.
- Some signs are emerging that Chinese slowdown may be stabilizing but as of now, it is not sufficient to provide support.
- Yuan's move is still spooking the markets, worrying over capital outflow.
As of now, there are no fundamental theme to overcome the fear, installed in the market. Any possibility of easing, that might come from European Central Bank (ECB) in March is still quite far away.
Trade idea
Recent recovery has given opportunity for bears to re-enter market at attractive rate. Sell FTSE100 at current price 5870, with stop around 6180 and target around 5200 area.
