Trading plan for 11/01/2018:
The US Dollar is recovering some of the losses from Wednesday under the influence of the Chinese news regarding the demand for US bonds. USD/JPY coming to test 111,85, EUR/USD reversed towards 1,1940. AUD jumped after very good retail sales data, but there is no continuation of the up move. The stock market in Asia flattered, just as Wall Street. Flat trading conditions are seen in Crude Oil as well. On Thursday 11th of January, the event calendar is quite busy today, with news coming from the UK ( BoE Credit Conditions Survey data), Eurozone ( Industrial Production and ECB Monetary Policy Meeting Accounts data), Canada (New Housing Price Index data) and the US ( PPI and Core PPI data).
Read more: https://www.instaforex.com/forex_analysis/107216
Bitcoin analysis for 11/01/2018:
As a result of a blow to Bitcoin enthusiasts, Microsoft Corporation officially removed the payment option using cryptocurrencies from its payment instruments. Despite such a decision, former CEO – Bill Gates – expressed strong support for Bitcoin.