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Tuesday, 30 May 2017

Trading plan for 30/05/2017










Trading plan for 30/05/2017: 
The Euro lost ground overnight amid mounting political risks. The EUR/USD pair slumped overnight to 1.1130 with rising pressure on Greece, Italy, and the ECB. The Chinese market is still closed for the holiday, but general sentiment in Asia is cautious with a slight risk aversion. The commodity market continues to move sideways due to the closure of major stock exchanges. 
On Tuesday 30th of May, the event calendar is quite busy with important economic releases, so global investors will pay attention to French GDP data, German Preliminary CPI data, Canadian Current Account data, CB Consumer Confidence, and Financial Stability Review presented by Reserve Bank of New Zealand.



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