Trading plan for 23/08/2017:
The weakest major currency today is the New Zealand Dollar, which is losing 0.55%. NZD / USD falls below 0.7250 and towards last week’s minimum. EUR/USD is trading in a narrow, 20 pips range around the level of 1.1750. Wall Street’s reflection is about 1.0%. Asia is also dominated by green, but the gains are more modest. The API report showed a drop in inventories of about 3.5 million barrels, which was accompanied by an increase in gasoline inventories. As a result, the WTI crude oil price has fallen to $ 47.50. The ounce of Gold is priced at $1285.
On Wednesday 23rd of August, the event calendar is busy with important news release during the London session. The set of Flash PMI Services and Manufacturing data from across the Eurozone is scheduled for release during the morning trading hours.Moreover, there is a speech from ECB President Mario Draghi in Lindau early in the morning as well. Later during the day, the US will post Flash PMI data and New Home Sales data as well.