Trading plan for 06/03/2018:
There is hope in the financial markets that President Trump will rethink his recent proposals for steel and aluminum import duties, which might encourage a bounce of the stock market indices and other risky assets. RBA left the interest rate without changes, and the message did not cause much reaction to AUD / USD. Relatively good trading sentiment emabled USD / JPY to bounce almost to 106.50. EUR/USD remained close to 1.2350. Stronger currencies are NZD and SEK.
On Tuesday, 6th of March, the event calendar is light in important news releases, but market participants should keep an eye on Consumer Price Index data from Switzerland, Retail Sales data form Italy and Ivey Purchasing Managers Index data from Canada. Ther are some speeches scheduled for today as well, and the main speakers will be FOMC Member William Dudley, MPC Member Andy Haldane and RBA Governor Philip Lowe
Bitcoin analysis for 06/03/2018:
In his speech at the inaugural Scottish Economic Conference in Edinburgh, Bank of England Governor Mark Carney called on the authorities to regulate the cryptocurrency market, instead of banning them directly.