The mounting expectations around central banks unleashing stimulus measures to stabiles the turmoil in the financial markets boosted confidence towards the global economy and consequently caused a sharp bull rally in the Stock markets. This was short lived this week as the ongoing pain of falling oil prices weighed heavily on global sentiment encouraging a fresh wave a risk aversion which sent investors scattering away from riskier assets. BoE Carney will be testifying today and if he reiterates his dovish rhetoric then the sterling will be left vulnerable.
-The EURUSD is bearish and a daily close below 1.080 should encourage a selloff towards 1.070
-The GBPUSD is bearish and the momentum should send prices towards 1.4000
-WTI is heavily bearish, a decline towards $29 seems likely.
The mounting expectations around central banks unleashing stimulus measures to stabiles the turmoil in the financial markets boosted confidence towards the global economy and consequently caused a sharp bull rally in the Stock markets. This was short lived this week as the ongoing pain of falling oil prices weighed heavily on global sentiment encouraging a fresh wave a risk aversion which sent investors scattering away from riskier assets. BoE Carney will be testifying today and if he reiterates his dovish rhetoric then the sterling will be left vulnerable.
-The EURUSD is bearish and a daily close below 1.080 should encourage a selloff towards 1.070
-The GBPUSD is bearish and the momentum should send prices towards 1.4000
-WTI is heavily bearish, a decline towards $29 seems likely.
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