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Tuesday, 21 March 2017

Trading plan for 21/03/2017

Trading plan for 21/03/2017:

 In the Asian session, the Euro was gaining ground against other G-10 currencies. The rally of the single currency is driven by the outcome of the French debate of presidential candidates: polls unambiguously point out that Macron won it. The overnight correction did not bring EUR/USD below 1.0720 and currently, the pair is heading towards 1.0800. After a fall overnight, USD/JPY went down to 112.25, shedding 50 pips. AUD/USD struggles to maintain above 0.7700 after a publication of the RBA meeting minutes. 

The event calendar for Tuesday 21st of March is pretty low, but market participants will keep an eye on Consumer Price Index from the U.K., Canadian Retail Sales, and the U.S. Current Account data for the fourth quarter.


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