The markets were seen trading a bit subdued in yesterday’s session. The US dollar managed to hold its ground amid a quiet trading day. Oil prices were seen trading mixed as OPEC reported that crude oil supply declined 0.46% during the month of October. The report showed that demand for oil could increase in 2017 and 2018. However, oil prices were little changed towards the end of the day.
Looking ahead, the UK’s monthly inflation figures will be published today. According to the median estimates, headline inflation rate is expected to surpass the 3% rise seen last month to 3.2% while core inflation rate is also expected to have increased 2.9%.
Among the central bank speeches lined up today, the ECB President Mario Draghi, BoE’s Carney and BoJ’s Kuroda are expected to speak over the day culminating with the speech from the Fed chair Janet Yellen.
