Markets participant remain bewildered following the PBoC rate cut decision. Global equity markets have ventured into red territory in Tuesdays session. Today’s focus will be the GDP q/q for the UK in which a weak reading may open the GBP to more losses.
• The USDCAD is technically bearish on the daily time frame
• The USDJPY is technically bearish on the daily time frame
• WTI is technically bearish on the daily time frame
The focus will be directed to the FOMC statement on Wednesday which will affect USD.
Markets participant remain bewildered following the PBoC rate cut decision. Global equity markets have ventured into red territory in Tuesdays session. Today’s focus will be the GDP q/q for the UK in which a weak reading may open the GBP to more losses.
• The USDCAD is technically bearish on the daily time frame
• The USDJPY is technically bearish on the daily time frame
• WTI is technically bearish on the daily time frame
The focus will be directed to the FOMC statement on Wednesday which will affect USD.
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