TRADING PLAN AND BITCOIN ANALYSIS FOR 05/02/2018

Trading plan for 05/02/2018:

The US Dollar stabilized after Friday’s increases caused by the better-than-expected US labor market report.The stock market has bigger problems because higher wages mean a revival in inflationary pressure and more active Fed in interest rate hikes. The SP500 fell on Friday by 2.54% and gave a signal for sales in Asia. Japanese Nikkei 225 lost 2.55% and Hang Seng fell by 1.1%. Crude oil is losing 1.0%, Gold without major changes. On Monday 5th of February, the event calendar is dominated by PMI Services and Composite releases from across the Eurozone, UK, China, Japan and the US. Moreover, the US release ISM Non-Manufacturing PMI data in the afternoon as well

Read more: https://www.instaforex.com/forex_analysis/109025

Bitcoin analysis for 05/02/2018:

In three of the largest US banking groups, customers will not be able to pay for credit cards with Bitcoin

Read more: https://www.instaforex.com/forex_analysis/109027

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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