Trading plan for 25/08/2017:
It was a very peaceful Asian session. EUR/USD yesterday was closed in a narrow trading range, it should come as no surprise that at the Asian session on the day of Yellen and Draghi’s speech, the volatility was limited to just a few pips around the level of 1.1800. The flat session of the Wall Street does not bother a clear, over 1.0% increases in the indices in Hong Kong and Shanghai. The Nikkei 225 goes up 0.6% so far.
On Friday 25th August, the event calendar is busy with important data release. Germany will issue GDP figures and Ifo Business Climate, Current Assesment and Expectations sentiment data. Then, during the US session, the US will post Durable Goods Orders data and Baker Hughes U.S. Rig Count data. At the afternoon there is an anticipated speech by FED Chairperson Jannet Yellen. Later, late in the evening, the ECB President Mario Draghi will give a speech as well.