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EURUSD moved a bit higher with the cross currently at 1.1600

EURUSD moved a bit higher with the cross currently at 1.1600

Information is not investment advice

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Ichimoku Kinko Hyo

GBP/JPY: The GBP/JPY pair is now trading into fresh lows. Further bearish sentiment will lead the exchange rate lower. An upward wave would lead the market into a correction phase.

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European Market View

In the equities space the week started on a solid note and U.S. indices printed new highs. Despite volatility in yields eased, value stocks was the theme of the day, with energy was the standout. U.S. markets all higher with S&P 500 up by 0.2%, Dow Jones up by 0.3% and NASDAQ up by 0.6%. Sentiment changed a bit this morning, with Asian markets mixed and U.S. futures a tad lower.

In the FX front, EURUSD moved a bit higher with the cross currently at 1.1600. Later in the week, on November 4th, the Bank of England (BoE) has its meeting and it could be a key market mover. 

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