The markets exhibited a high level of volatility last week with the ECB and NFP economic releases acting as heavy factors. Whilst the European Central banks under delivery on the implementation of measures to raise inflation as quickly as possible disappointed participants, the solid NFP releases on Friday reinforced the growing expectations of the Fed raising US interest rates in December. Some focus this week may be directed back to China.
– The EURUSD experienced a hefty appreciation on Thursday; a break below 1.082 may send prices back down to 1.050.
– The GBPUSD is technically bearish on the daily timeframe, prices may decline back towards 1.50.
– WTI is heavily bearish on the daily timeframe and trades to near 7 year lows.
The markets exhibited a high level of volatility last week with the ECB and NFP economic releases acting as heavy factors. Whilst the European Central banks under delivery on the implementation of measures to raise inflation as quickly as possible disappointed participants, the solid NFP releases on Friday reinforced the growing expectations of the Fed raising US interest rates in December. Some focus this week may be directed back to China.
– The EURUSD experienced a hefty appreciation on Thursday; a break below 1.082 may send prices back down to 1.050.
– The GBPUSD is technically bearish on the daily timeframe, prices may decline back towards 1.50.
– WTI is heavily bearish on the daily timeframe and trades to near 7 year lows.
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