Trading plan for 20/07/2017:
The volatility during the Asian session is still very limited, with no major movements across the board. EUR/USD is at 1.1510 level, USD/JPY 112.10 level, AUD/USD is at 0.7940 level. WTI oil is higher after yesterday’s inventories data, currently, the price of the barrel of oil is $47.10. No market reaction after Bank of Japan interest rate decision.
On Thursday 20th of July, the event calendar is busy with important economic releases. In the morning, the UK will present Retail Sales with Auto Fuel data, the European Central Bank will decide about the Interest Rate, Deposit Facility Rate, and Marginal Lending Facility and 45 minutes later Mario Draghi will participate in the ECB Press Conference. During the US session, Unemployment and Continuing Claims will be released, together with Philly Fed Manufacturing Index data.