Trading plan for 03/07/2017:
During the night AUD and NZD lost about 0.4% against USD as the volatility of other currencies is minimal and barely exceeds 0.1%. Crude oil recouped all yesterday’s losses, which we observed after reading the EIA report. Now WTI is trading at $49.40 level. On the Asian stock market the negative sentiment prevails, although the decline did not take on considerable size.
On Thursday 3rd of August, the event calendar is very busy with the important news release. The news of the day will be Bank of England Interest Rate Decision, Monetary Policy Summary, and BoE Governor Mark Carney’s speech. Moreover, during the early London session, Services and Composite PMI readings will be released from across the Eurozone and the UK. During the US session, ISM Non-Manufacturing PMI, Factory Orders, and Unemployment Claims data will be released.