Trading plan for 01/03/2018:
In the first hours of March, the USD sustains growth amid weak sentiment in the equity market. AUD reacted negatively to domestic data. PMI from China surprised positively. On the commodity market, the strength of USD keeps prices in check. WTI crude cannot recover after yesterday’s $2 slump in the direction of 61.30. Similarly, Gold at USD 1,313 is hovering against three-week minimums.
On Thursday the 1st of March, the event calendar is again quite busy with important data releases, so market participants should keep an eye on Switzerland Gross Domestic Product and Retail Sales data, PMI Manufacturing data from Spain Italy and the UK, Eurozone Unemployment Rate, Canadian RBC Manufacturing PMI (s.a.) data.Personal Spending, Personal Spending, Unemployment Claims, Continuing Claims and ISM Manufacturing PMI data from the US. Moreover, at the beginning of the trading session, Federal Reserve Chairman Jerome Powell will give a speech again.
Read more: https://www.instaforex.com/forex_analysis/110915
Bitcoin analysis for 01/03/2018:
Yang Chin-long, the new governor of the Taiwanese Central Bank, said yesterday in a speech that the bank will be open to exploration of Blockchain technology.
Read more: https://www.instaforex.com/forex_analysis/110917
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