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Monday, 17 July 2017

Trading plan for 17/07/2017


Trading plan for 17/07/2017: 
The SP500 closed with a daily candle close to all time highs, so the overall mood on the financial markets is very positive. EUR/USD is trading close to 1.1450, USD/JPY is trading around 112.50 level. GBP/USD broke above the important resistance at 1.3045 and now is trading around this level. The WTI oil costs $46.65 and which is 0.3% up. On modest gains are also precious metals as an ounce of gold is valued at 1,231 USD. After the weekend, commodities are trading lower, especially wheat and corn, which are about 1.0% under the line. 
On Monday 17th of July, the economic calendar is light in important data releases, but market participants will keep an eye on Empire State Manufacturing Index data from the US and Wholesale Sales data from Canada.

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