Trading plan for 02/03/2018:
The beginning of the month is a continuation of sell-off on the stock exchanges. Their beneficiary, however, is not the US Dollar, but Japanese Yen. The reason is the yesterday’s appearance of Trump, in which he announced the introduction of high tariffs on aluminum and steel. Such postulates, of course, raise legitimate concerns about the intensification of protectionist and commercial wars. USD/JPY goes down at 106.00, EUR/USD defended the key support zones around 1.2165 and 1.22 and is growing above 1.2260. The New Zealand Dollar is quite strong, with 0.25% strengthening today.
On Friday 2nd of March, the event calendar is busy with important data releases, so the global investors should keep an eye on German Retail Sales data, Spanish Unemployment Rate data, Italian Gross Domestic Product data, UK’S PMI Construction data, Canadian Gross Domestic Product data and Revised UoM Consumer Sentiment data from the US. There is a speech from Bank of England Governor Mark Carney scheduled at 12:00 am GMT today as well
Read more: https://www.instaforex.com/forex_analysis/111010
Bitcoin analysis for 02/03/2018:
J. P. Morgan Chase added the cryptocurrency segment to the “Risk Factors” section in its annual report to the US Securities and Exchange Commission (SEC), yesterday
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