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Friday, 21 April 2017

Trading plan and global macro overview for 21/04/2017

The market is trading with low volatility, no important data was published at night. The third day in a row, EUR/USD will begin the European session from 1.0720 level. USD/JPY rebounded above 109.00. The market is waiting for the first round of the French presidential election. The announcement of the reform of the tax system by the Trump administration, coupled with the good results of the companies, has bolstered the Wall Street index (Nasdaq has reached the highest levels in history). In Asia, a positive sentiment is seen first of all on the Tokyo exchange, where the Nikkei 225 is up 0.8%. WTI oil after Wednesday's fall is not able to permanently return over $51 per barrel and the ounce of gold is valued at $1,280. 

On Friday 21st of April, the event calendar is busy with macroeconomic data from the Eurozone (Flash Manufacturing, Services, and Composite PMI's), Great Britain (Retail Sales with Auto Fuel), Canada (Consumer Price Index) and the USA (Flash Manufacturing, Services, and Composite PMI's and Existing Home Sales).



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