Today the BoE will decide on interest rates for the UK economy. Even though a UK rate hike in November is slim, the focus may be on the BoE inflation report. WTI has experienced a sharp decline as the relief rally comes to an end. The main focus this week is the NFP for the Unites States this Friday.
• The EURUSD is technically bearish on the daily timeframe. • The GBPUSD is technically bullish on the daily timeframe. • The Dollar Index has become technically bullish on the daily timeframe.
Today the BoE will decide on interest rates for the UK economy. Even though a UK rate hike in November is slim, the focus may be on the BoE inflation report. WTI has experienced a sharp decline as the relief rally comes to an end. The main focus this week is the NFP for the Unites States this Friday.
• The EURUSD is technically bearish on the daily timeframe.
• The GBPUSD is technically bullish on the daily timeframe.
• The Dollar Index has become technically bullish on the daily timeframe.
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