Trading plan for 20/11/2017:
The new week starts with the euro depreciation in response to overnight reports from Germany about the break of coalition talks.The press service has concluded that the impasse in the talks could lead to accelerated choices. EUR/USD lost at the start of 50 pips and dropped to 1.1730. On the other hand, JPY and CHF remain strong, highlighting a lack of appetite for risk. Still, on Friday USD/JPY broke down and now oscillates at 112. USD/CHF fell below 0.99. The stock market is reporting a grim mood. Nikkei225 is losing 0.6% today, while in China, Hang Seng is only trying to go to zero at the end of the session.
On Monday, 20th of November, the event calendar is light in economic news releases. Germany will post PPI Index data and Bundesbank Monthly Report data. The US will release CB Leading Index data. There are some speeches scheduled for today from ECB President Mario Draghi, BOE Deputy Governor for Markets and Banking Sir David Ramsden, and RBA Assistant Governor Michele Bullock.
Bitcoin analysis for 20/11/2017:
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