Trading plan for 31/01/2018:
Donald Trump’s overnight statement did not ensure a solid reshuffling of the sentiment on the currency market. The New Zealand Dollar is the strongest currency, which, due to data coming from China and Australia, places the NZD / USD rate around 0.7380. In his shadow, there is a pound sterling (0.4%) with a notable indication of the consumer mood index according to GfK. In view of the weakness of the Dollar, the Japanese Yen (0.1%) passed by, which was under pressure to increase Bank of Japan purchase of medium-term government bonds.
On Wednesday 31st of January, the event calendar is busy in important data releases, but the news of the day will be FOMC Interest Rate decision in the evening. Nevertheless, the market participants should keep an eye on Retail Sales, Unemployment Change and Unemployment Rate data from Germany, Consumer Price Index Flash Estimate from Eurozone, ADP Non-Farm Employment Change, Pending Home Sales, Chicago Purchasing Manager Index and Employment Cost Index data from the US and Gross Domestic Product data from Canada.
Bitcoin analysis for 31/01/2018:
The American government institute found in official research on cryptocurrency that Bitcoin Cash is the original Bitcoin, while Bitcoin itself is a fork.