Bitcoin analysis and trading plan for 19/12/2017

Trading plan for 19/12/2017:
 One step closer to Christmas means one degree lower on the scale of volatility in financial markets. Trading in major currencies is barely noticeable, and the situation has practically not changed since Monday evening. EUR / USD has anchored close to 1.18, USD / JPY orbits around 112.50, and GBP / USD returns to 1.3380. TheUS Dollar is waiting for the adoption of the tax bill, and reports from Washington suggest that the Republicans have enough votes. Gold slightly rallies above 10-day highs. 
On Tuesday 19th of December, the event calendar is relatively busy with important data releases. Germany will post Ifo Business Climate, Expectations, and Current Assesment data and the US will present Building Permits, Housing Starts Current Account and CB Consumer Confidence data.

Bitcoin analysis for 19/12/2017
CME Group starts futures trading for Bitcoin. 

Global macro overview:
UK CBI Industrial Orders Expectations are on the highest level on 30 years.

The pre-Christmas week on the financial markets begins, therefore it should be expected that the closer to the holidays the more volatility and liquidity will be limited.

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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