Trading plan for 18/01/2018:
The Asian part of the session was marked by the growing US Dollar weakness across the board. Only the Canadian Dollar was behaving relatively neutral to USD and finished the night at -0.1%, and that was only because of comments made by Donald Trump about the renegotiation of NAFTA decisions. The Reuters agency clearly draws attention to the rather aggressive approach of the US president to talks, as the baseline scenario is the break of the trade pact with Mexico and Canada. On Thursday 18th of January, the event calendar is busy with many important economic releases. The Chinese (GDP) and Australian (Employment Change) data are now done, so what’s left are Canadain data (ADP Non-Farm Employment Change) and US data (Building Permits, Housing Starts, Philly Fed Manufacturing Index, Unemployment Claims, and Crude Oil Inventories).
Read more: https://www.instaforex.com/forex_analysis/107749
Global macro overview for 18/01/2018:
The Bank of Canada hiked the overnight rate from 1.00% to 1.25% yesterday, just as expected by the market consensus
Read more: https://www.instaforex.com/forex_analysis/107771
The recent ECB comments regarding the further interest rate hike have left a lot of the traders confused.
1 komentarz
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