Daily Market Outlook - Monday, Nov. 3
Global stock markets began November positively, suggesting that the seven-month rally in risk assets may continue, supported by strong tech earnings and signs of reduced tensions between the US and China.
This Week: USD Index, BoE & Germany Trade In Focus
A data-heavy week lies ahead with three key impulses: the U.S. ISM Manufacturing PMI, the Bank of England (BoE) rate decision, and Germany’s trade balance release.
BTC/USD Forex Signal: Slanted Bearish Head & Shoulders Chart Pattern
Bitcoin is looking weak and could easily fall to reach new 4-month lows below $104,000.
Pound Sterling Trades With Caution At The Start Of BoE’s Policy Week
The Pound Sterling remains under pressure against its peers amid uncertainty ahead of the BoE’s monetary policy announcement.