Trading plan for 04/07/2017:
Holiday in the US certainly does not favor volatility. The Asian indices are under the dash, the commodity market modestly adjusted yesterday’s sharp fluctuations: gold will barely rise, and crude WTI cheaper. Only the AUD/USD moved about 50pips after the Reserve Bank of Australia interest rate decision (no change).
On Tuesday 4th of July, the economic calendar is very light in important news release due to Independence Day holiday in the US. Nevertheless, the global investors will pay attention to PMI Construction data from the UK, Producer Price Index from the Eurozone and PMI Manufacturing data from Canada.
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