Trading plan for 28/09/2017:
US Dollar’s rally continues on Thursday, albeit at a slower rate. Trump’s announcement of the tax reform was more or less in line with expectations, and he fits into the last positive sentiment around the US Dollar. EUR/USD is getting closer to 1.1700, USD/JPY is on the way to breaking through yesterday’s highs at 113.23.
On Thursday 28th of September, the event calendar is light in important economic releases, but market participants will keep an eye on Bank of England Mark Carney speech, Reserve Bank of Australia Assistant Governor Guy Debelle speech and Consumer Confidence from Eurozone and Preliminary CPI data from Germany. During the NY session, the US will release Final GDP, Goods Trade Balance and Unemployment Claims data. Later during the day, Vice Chairman of the Federal Reserve Stanley Fischer will give a speech.
