Trading plan for 12/06/2017:
At the beginning of the week, the US Dollar is weak, it only gains against NZD. GBP/USD is rising to 1.2765, EUR/USD is holding above 1.12 and USD/JPY is oscillating around 110.25. Precious metals and grain are getting cheaper, crude oil is gaining slightly. On the Asian stock markets, weak sentiment is dominating after the direction set by Friday’s depreciation of the of the US technology market blue chips.
On Monday 12th of June, the event calendar is not busy at all and just few important data are scheduled for release. Market participants are preparing for the main event of the week, which is Federal Reserve’s interest rate decision and statement on Wednesday, 14th of June.