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Wednesday, 22 March 2017

Global macro overview and trading plan for 22/03/2017

Trading plan for 22/03/2017:

The strongest sell-off on Wall Street in almost six months has hit the market. EUR/USD is still close to 1.0830 resistance, but risky currencies are under pressure. USD/JPY is below 111.50, which is accompanied by more than 2% fall on the Tokyo Stock Exchange. The WTI oil price continues declining and is at $48. The last API data prompted oil prices to return to the November levels. The report showed another big increase in inventories. With increased risk aversion, gold is rallying and is already trading near $1,250.

Global macro overview:


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