Monday’s soft China PMI release dented Asian equities with most concluding in red territory. The impressive UK PMI release has resulted in some bullish momentum instilled within the Sterling. The focus this week will be the BoE press conference on Thursday, followed by the NFP for the United States on Friday.
• The EURUSD is technically bearish on the daily timeframe. • The GBPUSD is technically bullish on the daily timeframe. • Gold has become technically bearish on the daily timeframe.
Todays recap:
Monday’s soft China PMI release dented Asian equities with most concluding in red territory. The impressive UK PMI release has resulted in some bullish momentum instilled within the Sterling. The focus this week will be the BoE press conference on Thursday, followed by the NFP for the United States on Friday.
• The EURUSD is technically bearish on the daily timeframe.
• The GBPUSD is technically bullish on the daily timeframe.
• Gold has become technically bearish on the daily timeframe.
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