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European equity markets incur tepid losses ahead of BoE

FXstreet.com (Barcelona) - The European stock markets fell Thursday, ahead of the BoE interest rate decision. With earlier reports of Chinese inflation and a generally muted European session, equities witnessed a pullback, not unlike their Asian counterparts earlier.

Beginning with the indices and composites, the EURO STOXX 50 fell -0.56% as it settles in region of 2738.98, down -15.64 points in these moments. In addition, the FTSE 100 is trading in negative territory, operating at 6579.82, descending -3.66 points or -0.06% at the time of writing. Finally, the DAX has climbed lower at the opening, trading in the zone of 8244.73, presently -0.06% after a movement of -4.98 points.

Moving to commodities the prices of gold and silver are trading at USD $1470.80 and $24.07 per oz. respectively. Moreover, the price of crude is operating at USD $96.35/bbl Thursday.

Forex: NZD/USD, a double bottom or a descending triangle?

The NZD/USD may have started to form a pattern, which the bears would suggest to be a descending triangle formation. The chart could be looked at as building up to be a bearish pattern, with a series of lower highs with a strong level of support.
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