There has been a barrage of releases this week which have sent the markets in all directions. Tuesday the Sterling took a hit when Mark Carney was unable to provide an answer when UK interest rates may be hiked. Sentiment still remains firm for the US economy following the string of positive economic releases. Today may be relatively quiet as there is a holiday in the United States.
-The GBPUSD still remains technically bearish on the daily timeframe
-The Dollar Index is technically bullish on the daily timeframe
-WTI is still technically bearish on the daily timeframe
There has been a barrage of releases this week which have sent the markets in all directions. Tuesday the Sterling took a hit when Mark Carney was unable to provide an answer when UK interest rates may be hiked. Sentiment still remains firm for the US economy following the string of positive economic releases. Today may be relatively quiet as there is a holiday in the United States.
-The GBPUSD still remains technically bearish on the daily timeframe
-The Dollar Index is technically bullish on the daily timeframe
-WTI is still technically bearish on the daily timeframe
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