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Thursday, 13 July 2017

Trading plan for 13/07/2017

Trading plan for 13/07/2017: 
After yesterday's Jannet Yellen speech the US Dollar is getting weaker across the board. The strongest currency is NZ with the rise of 0.33%, SEK with +0.28% gains, and EUR with +0.27% gains. CAD is trying to slow its uptrend after yesterday's Bank of Canada decision to raise interest rates. Oil failed to make a major upward correction and returned to decline. On the Asian stock market, there is definitely positive sentiment. The strongest in Asia is Hang Seng (+1.0%), followed by Shanghai Composite (+0.65%). The Nikkei 225 is fluctuating around yesterday's close. 
On Thursday 13th of July, the event calendar is again busy with important data releases, especially during the US session. But before that Germany, France, and Spain will issue Consumer Price Index data, then the Bank of England will present Credit Conditions Survey for the second quarter. During the US session, market participants will get familiar with PPI Index, Unemployment Claims, and Continuing Claims. Moreover, there is a scheduled second part of the Federal Reserve Chairperson Janet Yellen testimony in front of the US Congress and some speeches of other FOMC members like Lael Brainard and Charles Evans.


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