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BoE meeting and other highlights of the week

BoE meeting and other highlights of the week

Information is not investment advice

The Bank of England is expected to keep its monetary policy unchanged this Thursday.

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Ichimoku Kinko Hyo

AUD/JPY: The pair is now trading within the Kumo. A break through the cloud will push prices lower, confirming the bearish scenario and lower levels.

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Fibonacci Levels

 XPT/USD: Platinum is moving sideways below the level of 50% of Fibonacci retracement levels. A successful attempt to exceed this level will push prices higher, confirming a bullish outlook.

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European Market View

More lockdowns due to increased figures from COVID-19. The Coronavirus continues with second waves escalating around the globe.

During the weekend, the rift between the US and China became wider as President Trump plans to ban Tik Tok.

The Bank of England is expected to keep its monetary policy unchanged this Thursday.

Following previous week’s some important corporate results, earnings season will continue this week.

European Key Point

  • More lockdowns due to increased figures from COVID-19.
  • Rising Tensions between US and China.
  • The Bank of England is expected to keep its monetary policy unchanged this Thursday.
  • Following previous week’s some important corporate results, earnings season will continue this week.

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